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Kirkland & Ellis

26TH FLOOR, GLOUCESTER TOWER, THE LANDMARK, 15 QUEEN'S ROAD CENTRAL, HONG KONG
Tel:
Work +852 3761 3300
Fax:
Fax +852 3761 3301
Web:
www.kirkland.com

Hong Kong

Banking and finance
Banking and finance - ranked: tier 2

Kirkland & Ellis

Kirkland & Ellis, whose debt finance practice in Asia is led by David Irvine, provides support to private equity houses, credit funds and corporates on a full suite of financing products across the Asia-Pacific region. Irvine's team was strengthened in 2017 by the arrival of Jacqueline Zheng from Ropes & Gray LLP. Zheng has hit the ground running since the move; a recent highlight saw her advise MicroPort Scientific on the financing aspects of its acquisition of CRM Business from LivaNova. Another notable practitioner is Daniel Abercromby, who is particularly active in financing transactions with a nexus to South and Southeast Asia; Abercromby worked with Irvine to advise affiliates of Bain Capital Private Equity on the leveraged finance aspects of its circa $1bn investment in Axis Bank; this deal represented one of the largest-ever private equity investments in the Indian banking sector. As part of a cross-office, multidisciplinary team, another standout highlight saw Irvine and David Couper advise a consortium of investors on the leveraged finance associated with its proposed $11.6bn acquisition of Singapore-listed logistics company Global Logistic Properties. Irvine's group also advises clients on various other types of products, including margin loans, pre-IPO credit investments, loan portfolio acquisitions. and commodity and export credit agency-backed finance. Daniel Lindsey has moved to Goodwin.

Leading individuals

David Irvine - Kirkland & Ellis

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Corporate (including M&A)
Corporate (including M&A) - ranked: tier 1

Kirkland & Ellis

Kirkland & Ellis' excellent deal execution capabilities consistently come through in high-end, complex, multi-jurisdictional transactions, ensuring that the firm occupies a prominent position at the very top end of the corporate arena. Clients are well-catered for in sophisticated deals, given that the firm's M&A strengths are supported by its notable reputation in other ancillary areas such as investment funds, private equity and debt finance. In addition, its corporate team is able to advise on issues from a Hong Kong, US and UK law perspective. In 2017, Nicholas Norris co-led a cross practice team that included debt finance expert David Irvine and investment funds partner Justin Dolling in advising a consortium of investors on its proposed $11.6bn acquisition of the Singapore-listed Global Logistic Properties. In addition, a group including Norris, Derek Poon and Li-Chien Wong acted for Singapore-listed company CWT and its controlling shareholders on a S$1.4bn pre-conditional voluntary general offer by HNA Group's Hong Kong-listed unit HNA Holding Group; this was only the third transaction to be classified by the Hong Kong Stock Exchange as an extreme very substantial acquisition (eVSA). Daniel Dusek and Xiaoxi Lin recently acted for a consortium comprising funds affiliated with Baring Private Equity Asia and CITIC Capital Holdings on its $300m acquisition of Wall Street English from Pearson. Other clients of the firm include Nexus Point Management, MicroPort Scientific and Midea International Corporation. David Eich relocated to the Hong Kong office from London, while Ram Narayan joined from Sullivan & Cromwell. Jesse Sheley splits his practice between the Hong Kong and Chicago offices. David Zhang, Joey Chau and Pierre-Luc Arsenault are also recommended.

Leading individuals

Nicholas Norris - Kirkland & Ellis

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Investment funds
Investment funds - ranked: tier 1

Kirkland & Ellis 

Kirkland & Ellis is one of the pre-eminent firms in Asia for private equity fund formation, management and associated regulatory advice. Justin Dolling and Carol Liu lead the team, which has an outstanding track record in assisting Chinese and international sponsors with complex fund structurings and fundraisings targeted at investors worldwide. Its extensive expertise spans every corner of the private equity world, including buyout funds, credit funds and special situations, growth funds, mezzanine and distressed debt, and real estate funds. It also has a highly active practice in relation to secondary transactions. Dolling and Jonathan Tadd assisted a consortium of investors with their $11.6bn acquisition of Global Logistic Properties; this entailed structuring and forming a series of complex fund structures to raise capital from institutional investors. In addition, Liu, and associates Jennifer Feng and Ling Zhu, recently acted for Orchid Asia on its fundraising for Orchid Asia VII, which closed at its $1.3bn hard cap. Another highlight involved assisting Tencent with closing its first technology fund at $650m. Damian Jacobs, Yue Zhang and associate Jamie Hill are also recommended. Tadd recently relocated to the London office.

Leading individuals

Justin Dolling - Kirkland & Ellis 

Next generation lawyers

Jamie Hill - Kirkland & Ellis 

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Private equity
Private equity - ranked: tier 1

Kirkland & Ellis

Particularly strong at handling 'transaction auctions where the environment requires high technical know-how and aggressive negotiation', Kirkland & Ellis has 'an excellent reputation in the region' among an enviable roster of international sponsors and regional entities, including Blackstone, Bain Capital, Hillhouse Capital and Baring Private Equity Asia. Gary Li regularly handles Asia-related deals for the firm's largest private equity sponsor clients; alongside the New York office, he recently advised Blackstone on the proposed take-private of the NASDAQ-listed Global Sources, a business-to-business media company. Daniel Dusek has strong connections with many of the region's most prominent local sponsors; Baring Private Equity Asia recently instructed him on its $300m acquisition, alongside CITIC Capital Holdings, of Wall Street English from Pearson. The return to the Hong Kong office of the 'technically strong' David Eich strengthens the team, which also includes the 'excellent' Jesse Sheley, who divides his time between the firm's Hong Kong and Chicago offices.

Leading individuals

Gary Li - Kirkland & Ellis

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Regulatory: anti-corruption and compliance
Leading individuals

Cori Lable - Kirkland & Ellis

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Restructuring and insolvency
Restructuring and insolvency - ranked: tier 1

Kirkland & Ellis

'One of the undoubted standouts in the region', Kirkland & Ellis' 'superb' three-partner team handles work for a varied array of stakeholders including bondholders, banks and corporates, and is well placed to handle work involving high-yield bonds and other more complex capital structures by virtue of its US heritage. Praised for its ability to 'really add value on sprawling cross-border insolvencies', this continues to be typified by Neil McDonald's representation, involving input from the firm's London and Chicago offices, of troubled Singapore-listed commodities trader Noble Group on its $4bn restructuring. Damien Coles' varied caseload sees him handling restructuring, insolvency and special situations work, in addition to drawing on his expertise in Indian restructuring work; he is assisting an ad hoc committee of senior secured noteholders of $300m-worth of debt with its restructuring strategy for distressed Indian corporate Reliance Communications. The team is rounded out at partner level by Kelly Naphtali, who has a focus on handling complex contentious cross-border insolvency matters.

Leading individuals

Neil McDonald - Kirkland & Ellis

Next generation lawyers

Kelly Naphtali - Kirkland & Ellis

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Hong Kong: Capital markets

Capital markets (equity)
Capital markets (equity) - ranked: tier 1

Kirkland & Ellis

Kirkland & Ellis provides full-service support to clients on premium US and Hong Kong IPOs, and is also a first port of call for secondary offerings, share sales and take-private transactions. The team, which is jointly led by David Zhang and Li-Chien Wong, is always up speed with regulatory developments, owing to its engagements with regulatory bodies such as the SEC, SFC, Hong Stock Exchange and New York Stock Exchange. In 2017, Zhang co-led a cross-office team, which acted for the underwriters (Morgan Stanley, Credit Suisse, Citigroup, CICC and UBS) on Qudian's $1.04bn New York Stock Exchange IPO; this matter represented the largest listing by a Chinese fintech company in the US to date. In addition, Zhang and Ben James were among the advisers to Sea Limited on its $884m New York Stock Exchange listing. In the education sector, the team has also recently handled US listings for clients such as Four Seasons Education (Cayman) and Rise Education, and acted for the underwriters on the IPO and listing of RYB Education. Outside of the US, a highlight involved acting for CLSA Capital Markets (as sole sponsor) and CLSA (as sole global coordinator and bookrunner) in Vobile Group's HK$237m IPO and listing. Meng Ding has joined from Davis Polk & Wardwell LLP, while Wanda Woo is a recent addition from Shearman & Sterling.

Leading individuals

David Zhang - Kirkland & Ellis

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Further information on Kirkland & Ellis LLP

Please choose from this list to view details of what we say about Kirkland & Ellis LLP in other jurisdictions.

China

Offices in Shanghai and Beijing

Germany

Offices in Munich

Hong Kong

Offices in Hong Kong

India

London

Offices in London

United States

Offices in Washington DC, New York, Los Angeles, Chicago, San Francisco, Palo Alto, Houston, Boston, and Dallas

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