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Sullivan & Cromwell

Work +852 2826 8688
Fax +852 2522 2280

Hong Kong

Corporate (including M&A)
Corporate (including M&A) - ranked: tier 2

Sullivan & Cromwell

Noted for its Hong Kong, US and UK law capabilities, Sullivan & Cromwell acts for clients such as Chinese state-owned companies, Hong Kong- and overseas-listed companies, and investment firms. It is a particularly strong performer in multi-jurisdictional deals, with the Hong Kong team leveraging the expertise of practitioners in the Beijing office, as well as those located elsewhere in the network, where necessary. The group includes Garth Bray, who has been based in Asia for nearly ten years. Working with members of the New York office, Bray recently advised data centre REIT CyrusOne on a commercial agreement with NASDAQ-listed company GDS Holdings to cross-sell and cross-market data centre space and related services. The group also advised the same client on a $100m equity investment in GDS. Also recommended is Kay Ian Ng, who acted for C.banner International Holdings on its $79m acquisition of a circa 45.7% stake in EtonKids Educational Group from Standard Chartered Financial Holdings and Standard Chartered Private Equity Korea III. Hong Kong office managing partner Chun Wei, Michael DeSombre and Ching-Yang Lin are also highly rated.

Leading individuals

Kay Ian Ng - Sullivan & Cromwell

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Private equity
Private equity - ranked: tier 4

Sullivan & Cromwell

Leveraging the established private equity heritage derived from its US headquarters, and also able to tap into the expertise of numerous US and Hong Kong-qualified practitioners based in Hong Kong, Sullivan & Cromwell is particularly accomplished at handling complex cross-border private equity mandates. Garth Bray recently acted for Fiera Capital on its $65m acquisition of leading Hong Kong-based Asia-focused credit and special situations investment firm Clearwater Capital Partners. US- and Hong Kong-qualified partner Michael DeSombre has vast experience in handling public M&A and private equity matters in China, Korea and Southeast Asia and is a key member of the team, which also includes Kay Ian Ng. Other clients include Baker Bros Advisors and Morgan Stanley Asia.

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Hong Kong: Capital markets

Capital markets (equity)
Capital markets (equity) - ranked: tier 2

Sullivan & Cromwell

Sullivan & Cromwell established a presence in Hong Kong 25 years ago, and has since handled $84bn-worth of Hong Kong IPOs. Although the overwhelming majority of its work has tended to be for Greater China-based issuers, the firm also acts for clients located elsewhere in the Asia-Pacific region and in the US. In addition to handling standalone Hong Kong listings, the team is experienced in dual listings involving the Hong Kong Stock Exchange and Shanghai Stock Exchange, as well as dual listings involving the Hong Kong Stock Exchange and US-based stock exchanges. In a matter representing the largest Hong Kong IPO of a Chinese bank in 2017, Kay Ian Ng and Garth Bray were the lead advisers to the underwriters on Zhongyuan Bank's $1.19bn listing of H shares on the Hong Kong Stock Exchange and IPO. Other work included Ng, Bray, Ching-Yang Lin, and other members of a cross-office team advising the underwriters (with Goldman Sachs as the sole sponsor and global coordinator) on the Hong Kong and US law aspects of AK Medical Holdings' $64m global offering and Hong Kong Stock Exchange listing. Another highlight saw Chun Wei and others act for Bank of America Merrill Lynch as the sole global coordinator, bookrunner and underwriter on China Power International's $576m one-for-three rights issue.

Leading individuals

Kay Ian Ng - Sullivan & Cromwell

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