Firms To Watch: Corporate (including M&A)

Eric Chow & Co., in Association with Commerce & Finance Law Offices was founded in 2018 and provides advice on a broad range of corporate deals. The firm is particularly focused on deals involving mainland China, leveraging its links to Commerce & Finance. Managing partner Eric Chow is the key name to note.
LC Lawyers LLP draws on its position as a part of EY’s global network to handle cross-border transactions, including deals involving Hong Kong listed companies. Rossana Chu is the key figure in the team.
Winston & Strawn LLP is highly active in the growing area of SPAC transactions, with the Hong Kong team working closely with offices in the US on these deals. Simon Luk serves are practice head and also handles public M&A transactions, such as share sales.

Corporate (including M&A) in Hong Kong

Kirkland & Ellis

Kirkland & Ellis is well-known for its strength in private equity transactions, and is also highly active in cross-border deals involving multinational companies and investors. The team’s public market expertise is demonstrated by its increasing share of the SPAC market. Key figures in the practice include Joey Chau, who is particularly active in take-privates, and Nicholas Norris, who has more than 25 years’ experience of handling M&A in Hong Kong. The group continues to grow, with Peng Yu joining the firm in March 2022 from Ropes & Gray LLP. Daniel Dusek departed the firm in June 2022.

Other key lawyers:

Peng Yu

Key clients

DCP Capital Partners II, L.P., Ocean Link Partners Limited, and Mr. Rick Yan, the Chief Executive Officer of 51job

An investor consortium comprised of Centurium Capital, CITIC Capital, Mr. Marc Chan, Hillhouse Capital, Temasek Holdings, and Mr. Joseph Chow, CEO and chairman of the board of directors of CBPO and their respective affiliates.

JD Property Group Corporation

Sino-Ocean Prime Office Partners I LP, a US$1.4 billion fund formed by Sino-Ocean Capital

J.P. Morgan Securities (Asia Pacific) Limited regarding the take-private of Sichuan Languang Justbon Services Group Co., Ltd. (HKSE: 2606)

UBS AG regarding the take-private of C.P. Pokphand Co. Ltd. (HKSE: 43)

CICC regarding the acquisition of entire equity interests in Inner Mongolia Fuyuan International Industrial (Group) Co. Ltd.; and the take-private of Suchuang Gas Corporation Limited (HKSE: 1430), Ban Loong Holdings Limited (HKSE: 30), and Guodian Technology & Environment Group Corporation Limited (HKSE: 1296)

MicroPort NeuroTech Limited

VisasQ Inc.

CMGE Technology Group Limited

Azentio Software


RISE Education

Susquehanna International Group

Polestar Performance AB and its affiliates



Poema Global Holdings Corp.

TH International Limited (Tims China)

Artisan Acquisition Corp.

Magnum Opus Acquisition Limited

Work highlights

  • Acting as international co-counsel and sole debt financing counsel to an investor consortium in the proposed take private of 51job, Inc., a leading provider of integrated human resource services in China, at a valuation of approximately US$5.7 billion.
  • Advising JD Property Group Corporation on its acquisition of a controlling interest in, and the related takeover of, China Logistics Property Holdings Co., Ltd. (HKSE: 1589).

Latham & Watkins LLP

Latham & Watkins LLP is highly active in cross-border M&A, including outbound and inbound investments, and also handles domestic transactions in the Greater China market. The team is noted for its work on complex transactions involving restructurings, take-privates and equity rollovers, and its client base encompasses PE funds and asset managers as well as prominent Chinese and multinational corporations. Simon Cooke leads the group and has experience across public and private M&A, serving as the firm’s head of PE in Asia. Other key figures in the team include Frank Sun, who has recently been particularly active on transactions for CITIC Capital, and Amy Beckingham, who has additional expertise in capital markets deals.

Practice head(s):

Simon Cooke

Other key lawyers:

Frank Sun; Amy Beckingham


Linklaters stands out for the breadth of its corporate practice, which encompasses advising multinationals as well as companies based in Hong Kong and the PRC on acquisitions, disposals and joint ventures. The practice is well-regarded for its ability to handle complex deals in highly regulated sectors such as financial services and insurance, leveraging its ability to handle both the M&A and regulatory aspects of deals. The HK team regularly works with the firm’s offices around the world as well as Zhao Sheng Law Firm, its affiliated law firm in the PRC, to handle cross-border transactions. Matthew Middleditch leads the team and additionally serves as chairman of the global corporate practice; he has more than 35 years’ experience in M&A and is particularly noted for his expertise in the insurance sector. Alex Bidlake has a broad practice and is recognised for her work on take-privates, while Christopher Yip is adept at acting for buyers, sellers and investors across a range of sectors. Betty Yap rejoined the firm in January 2022 from Paul, Weiss, Rifkind, Wharton & Garrison, and Gilbert Li and Iris Yeung  departed in June 2022.

Practice head(s):

Matthew Middleditch


‘Great all round team with a keenness to learn about their clients’ business and industry.’

‘They manage to deliver with a personal touch and always have the time for clients.’

Key clients

Jardine Matheson

Yanfeng Automotive Trim Systems Co.

Kerry Group

COSCO Shipping Ports Limited

Jardine Matheson

Yue Xiu Enterprises (Holdings)


The Bank of East Asia Limited


Bright Food International Limited

China Tobacco International (HK) Company Limited

A consortium comprising the founders of Razer Inc. (including Min-Liang Tan (CEO) and Kaling Lim) and CVC Capital Partners


Cerberus Capital Management


Work highlights

  • Advised Jardine Matheson on its sale of Zung Fu China, Jardines’ Mercedes-Benz auto dealership business in Mainland China, to Zhongsheng Group Holdings, a leading automobile distribution group in China and a company listed on the Hong Kong Stock Exchange.
  • Advised the Bank of East Asia on the sale of its general insurance unit, Blue Cross (Asia-Pacific) Insurance limited (“Blue Cross”), and its interest in a joint venture carrying on healthcare services provider business, Blue Care JV (BVI) Holdings Limited (“Blue Care JV”), to AIA and the formation of a 15-year exclusive bancassurance partnership with Blue Cross for Hong Kong.
  • Advised Kerry Group (including Kerry Logistics) on the partial offer made by a subsidiary of S.F. Holding to acquire 51.8% of the shares in Hong Kong SAR-listed Kerry Logistics and to cancel 51.8% of the outstanding share options of Kerry Logistics.

Skadden, Arps, Slate, Meagher & Flom LLP

Skadden, Arps, Slate, Meagher & Flom LLP‘s Hong Kong office serves as a hub for the firm’s work on M&A transactions across Asia, collaborating with the firm’s offices around the world to handle complex, cross-border public and private M&A. The team’s work in public markets includes acting on take-privates, and the group is also at the forefront of SPAC and de-SPAC transactions. Practice head Jonathan Stone serves as overall head of the firm’s corporate practice in Asia, excluding Japan, and he has deep experience across both private equity deals and strategic M&A. Shu Du is another key figure in the team, acting for some of China’s most high-profile companies in growing sectors such as automobiles and technology. Kai Sun was promoted to partner in April 2022.

Other key lawyers:

Kai Sun


‘First class knowledge of US securities laws and M&A’

‘Jonathan Stone is clever and pragmatic’

Key clients

Bytedance Ltd.

Grab Holdings Inc.

Sogou Inc.

Axiata Group Berhad

Bridgetown 2 Holdings Limited

Prenetics Group Limited

Aboitiz Equity Ventures Inc. Ltd.

L’Occitane International

E-House (China) Holdings

Tarena International, Inc.

Wanda Sports Group Company

Camelot Information Systems

Viking Cruises, Ltd.

GBT Travel Services UK Limited

Central Group and SIGNA Holding GmbH

NaaS Technology Inc.

The buyer group of LAIX Inc.’s proposed take private

Northstar Advisors Pte. Ltd

Work highlights

  • Advised Grab Holdings Inc. in its US$40 billion merger with Altimeter Growth Corp; as a result of the merger, Grab will become a Nasdaq-listed company in what is expected to be the largest-ever de-SPAC transaction globally and the largest-ever U.S. equity offering by a Southeast Asian company.
  • Advised Bytedance Ltd. in its multibillion-dollar acquisition of Moonton Holdings Limited.
  • Advised Sogou Inc. in the US$3.5 billion taking private transaction by Tencent Holdings Limited.

Slaughter and May

Slaughter and May leverages its expertise across M&A, competition, financing and regulations to provide comprehensive advice to clients on complex, multi-jurisdictional transactions. The team stands out for the breadth of its practice, which covers public M&A involving markets in the US, HK and the PRC, as well as outbound and inbound investments in China. The group’s client base is equally varied, encompassing state-owned entities, private Chinese and HK companies, and prominent multinationals. The team, led by Peter Brien and Chris McGaffin, also works for financial institutions in their roles as financial advisors. Brien has deep experience in advising on deals involving HK listed companies, while McGaffin is qualified in both HK and English law and has expertise across M&A and capital markets transactions. Other key figures in the team include Benita Yu, Jason Webber and Lisa Chung. Vincent Chan and Justin Chan were promoted to the partnership in May 2022, while Charlton Tse departed the firm in October 2021.

Practice head(s):

Peter Brien


‘Strong team in Hong Kong, with good links to London. Very much a “one firm” mentality as opposed to a collection of branch offices.’

‘Jason Webber is very knowledgeable in M&A and listed transactions. A pleasure to work with and always keeps his cool no matter what the situation. Ably supported by rising star Kevin Tso, who has an excellent eye for detail.’

Key clients


China Energy Investment Corporation


Great River Smarter Logistics

Great Success Enterprises Holdings

The board of directors of Jardine Strategic Holdings

JCDecaux SA

MTR Corporation


Reckitt Benckiser Group

S.F. Holding

Standard Chartered Bank

Sumitomo Mitsui Financial Group

Swire Pacific

Work highlights

  • Advising Prudential on the spin-off of Jackson Financial Inc. and separate listing on the NYSE.
  • Advised S.F. Holdings on its US$2.3 billion pre-conditional voluntary partial cash offer of to acquire 51.8% of shares in Kerry Logistics Network and a partial option offer.
  • Acted as lead legal advisers to the board of directors of Jardine Strategic, represented by a committee in relation to the recommended cash acquisition by Jardine Matheson of the approximately 15% of Jardine Strategic, not already owned by Jardine Matheson and its wholly-owned subsidiaries.

Baker McKenzie

Baker McKenzie has a varied corporate team which covers a range of transactions in this area, including investments, take-privates, mergers and spin-offs. The team regularly acts for international clients on deals involving Chinese and Hong Kong entities, as well as working with overseas offices to handle outbound investment from the PRC. Christina Lee has substantial expertise in both public and private M&A, while Derek Poon has recently acted for Tencent in a number of substantial global investments. Practice head Tracy Wut has a broad client base encompassing prominent Chinese and multinational corporations, and is frequently instructed on cross-border deals. Dorothea Koo is another name to note and offers additional expertise in corporate finance.

Practice head(s):

Tracy Wut



‘Baker’s HK M&A practice is the most diligent and proactive I have ever encountered. The group has an unparalleled depth of skill, delivered by a team of genuinely good people. Most importantly, they are true partners to your business; they invariably work with you as a partner to seek to help resolve any challenges that arise.’

‘Robert Wright has a level of knowledge and skill that is simply unrivaled. In addition, his work ethic is just phenomenal, as is his devotion to delivering outstanding client service. I would not contemplate using anyone else for M&A work within Asia.’

‘Dorothea Koo is an excellent partner who is very engaged with her clients on their needs and is exceptional in matching the firm’s products and services to each client.’

‘Dorothea Koo is extremely engaged, committed, available and can customize to the client’s needs.’

‘Baker Hong Kong has a strong transactions team, supported by a full service group advising on specific issues and disputes where needed. I’ve found the HK team to be a good bridge to China and I like having them onboard to guide me on that market.’

‘Tracy Wut is a stand-out partner in M&A. She is sharp and knowledgeable, a real asset as deal lead. Also strong in our sector (games)’

Key clients




CDPQ Private Equity Asia Pte Ltd.

Chong Hing Bank

China International Capital Corporation Hong Kong Securities Limited

CITIC Group Corporation

CMB International Capital Limited

Digital Bridge (formerly Digital Colony)

Gaw Capital

Hengxing Gold Holding Company Limited

Hysan Development Company Limited


Johnson & Johnson

Media and Games plc

Ninjas in Pyjamas

One Equity Partners

Siam Commercial Bank

Sing Tao News Corporation Limited

Sino Biopharmaceutical Limited

Tencent Holdings Limited

Work highlights

  • Advised Media and Games Invest SE (“MGI”) on its acquisition of Smaato, a leading digital advertising platform with local business presences in multiple jurisdictions, for an enterprise value of EUR 140 million.
  • Advised Swedish esports company Ninjas in Pyjamas (NIP) on its merger with Chinese esports group ESV5 and on the establishment of NIP Group, a global organization that will field teams in all the major esports titles.
  • Advising Johnson & Johnson on the spin-off of the company’s Consumer Health business on a global basis, including China and Hong Kong, as to create a new publicly traded company.

Clifford Chance

Clifford Chance remains a leading name in Hong Kong corporate law, working closely with its offices in the PRC to handle complex, cross-border transactions. The team’s work on inbound M&A includes acting for multinationals in joint ventures with PRC companies as well as advising on strategic M&A. Take-privates involving companies listed in HK are another area of focus for the team, and the HK office additionally takes the lead on M&A in Taiwan and throughout the Asia Pacific region, with group head Andrew Crook also serving as practice head for the APAC corporate team. Elsewhere, Emma Davies and Amy Ho focus on healthcare and insurance, respectively, while Bryan Koo has a broad practice in this space. Amy Lo retired in April 2022.

Other key lawyers:

Emma Davies; Virginia Lee; Amy Ho

Key clients




China Three Gorges (Europe) S.A

Dongfeng Motor Group Co., Ltd

China Huarong Asset Management Co., Ltd.

China Post Life

Coca Cola

China Youzan Limited


Work highlights

  • Advised China Post Life for the sale of a 24.99% stake, post investment, to AIA Group Limited (AIA) for US$1.86 billion.
  • Advised Beijing Capital Group Co., Ltd. (BCG) on the privatisation, through its wholly-owned subsidiary, of Beijing Capital Land Ltd. (BCL), a company incorporated in the PRC and listed on the Hong Kong Stock Exchange.
  • Advised China Machinery Engineering Corporation (CMEC) in relation to its privatisation by the offeror company wholly owned by China National Machinery Industry Corporation.

Simpson Thacher & Bartlett LLP

Simpson Thacher & Bartlett LLP‘s Hong Kong office leverages the firm’s well-known relationships with KKR and Blackstone to advise these funds on buyouts and investments across the Asia Pacific region. The team’s workload covers investments in real estate and infrastructure assets as well as the technology, logistics and consumer goods sectors. Elsewhere, the team is instructed on the buy and sell-sides of M&A involving Chinese companies, including take-privates. Ian Ho and Jonathan Hwang are the key partners in the team; Hwang works closely with Blackstone while Ho has broad experience in pan-Asian M&A.

Other key lawyers:

Ian Ho; Jonathan Hwang

Key clients

Alibaba Group Holding Limited

Ant Group

Apax Partners

B.Grimm Capital Partners

Bank of America Merrill Lynch

Blackstone Inc. (and portfolio companies)

BEST Logistics

Cainiao Smart Logistics Network

GDS Holdings


Hillhouse Capital



J.P. Morgan

Kohlberg Kravis Roberts & Co. (and portfolio companies)

Koubei Holding Limited

Kyoto Pacific Capital

Marelli (f/k/a Calsonic Kansei)

Morgan Stanley Private Equity


Primavera Capital Group


Seatown (Temasek)

Sequoia Capital China Fund

Silver Lake Partners

SK Group

Warburg Pincus

XPeng Inc.

Yunfeng Fund

Work highlights

  • Advised 51job on their US$4.3 billion going private transaction.
  • Advised Blackstone in its acquisition of a controlling stake in Mphasis for up to US$2.8 billion and in its US$1.1 billion acquisition of a majority stake and subsequent acquisition of the remaining stake in the largest logistics park in China’s Greater Bay Area
  • Advised Alibaba and Trendyol in connection with Trendyol’s US$1.5 billion fundraise, valuing Trendyol at US$16.5 billion and creating Turkey’s first decacorn.

Weil, Gotshal & Manges LLP

Weil, Gotshal & Manges LLP is noted for its work in public markets, with experience handling SPAC deals and take-privates, and also acts for private equity funds and their portfolio companies in M&A transactions. The team’s work encompasses deals in highly regulated sectors such as technology, financial services and data centres. Tim Gardner heads the Hong Kong office, in addition to serving as co-head of the Asia offices, and has considerable experience in both cross-border M&A and private equity. Henry Ong is qualified in the UK and Hong Kong, with a client base spanning both sponsors and strategic investors, while Chris Welty takes the lead on public-to-private deals.

Practice head(s):

Tim Gardner; Charles Ching

Other key lawyers:

Henry Ong; Chris Welty


‘Chris Welty and Charles Ching are both excellent practitioners.’

Key clients

Alibaba Group

Baring Private Equity Asia

Gores Guggenheim Inc.

Hillhouse Capital

Mr. Rick Yan (Co-founder and CEO of 51job, Inc.)

MBK Partners

MGM Resorts

Morgan Stanley

NWS Holdings

TPG Growth

Work highlights

  • Advised Mr. Rick Yan (Co-founder and CEO of 51job, Inc.) in the $4.3 billion take-private of 51job, Inc. by a buyer consortium, consisting of Mr. Yan, Recruit Holdings, DCP Capital Partners and Ocean Link Partners.
  • Advising Baring Private Equity Asia in the sale of HCP Packaging, a China-headquartered global leader (HCP is the No. 1 company in this sector in Asia, and the No. 2 globally) in the design, development and manufacture of cosmetic packaging, to Carlyle.
  • Advising Gores Guggenheim, Inc., a SPAC sponsored by affiliates of The Gores Group and Guggenheim Capital, in its pending $20 billion business combination with Polestar Performance AB, a Sweden-based pure play manufacturer of premium performance electric vehicles, which is currently owned by Sweden-based Volvo Car AB and Zhejiang Geely Holding.

Allen & Overy

Allen & Overy draws on the firm’s offices in Shanghai and Beijing, as well as its joint operation with PRC firm Lang Yue, to provide a comprehensive corporate law service to its clients. The team regularly handles inbound investments into the Chinese market, acting for private equity and venture capital funds as well as advising multinationals on strategic M&A. The group has additional expertise in outbound M&A, where it supports the PRC offices in acting for SOEs. Key figures in the Hong Kong team include Victor Ho, who has practiced in this space since 1991, and David Norman, who was promoted to partner in 2021. Will McAuliffe is another name to note in the group.

Practice head(s):

Lina Lee; Jack Wang

Other key lawyers:

David Norman; Tess Fang; Lina Lee; Jonathan Hsui; Victor Ho; Will McAuliffe


‘David Norman stands out by being extremely responsive, giving solutions fast, and takes pragmatic approaches in solving issues. He has the capabilities to work on transactions with complex structures.’

Key clients






China Three Gorges




Zhuhai Holdings

Work highlights

  • Advised Maersk on the acquisition of LF Logistics, a Hong Kong-based contract logistics company – one of the largest takeovers to date in the distribution and warehousing industry.
  • Advised Zhongsheng Group Holdings, a leading automobile distribution group in China, in connection with its acquisition of Zung Fu China from the Jardine Matheson group.
  • Advising Discovery Limited on the establishment of ‘Amplify Health’, a new insurtech business, in partnership with AIA Company Limited.


Ashurst‘s Hong Kong office handles M&A deals and joint ventures across Greater China and the Asia Pacific region, acting on mandates for multinational and Chinese clients. The team is active across a wide range of sectors, with practice head Joshua Cole particularly focused on the technology and telecommunications industries. Frank Bi acts for Hong Kong-listed companies in a range of corporate matters, and has also been instructed to advise on take-privates, while Chin Yeoh has broad expertise representing the buyers and sellers in major corporate deals, as well as in advising on fundraisings and liquidity solutions.

Practice head(s):

Joshua Cole

Other key lawyers:

Frank Bi; Chin Yeoh


‘The partners at this firm can provide a very professional service to a high standard. Even in cases where the practice area is not within their jurisdiction, they can communicate with the local counsel and the quality of the service is not depreciated.’

‘Chin Yeoh shows excellent performance. The service is provided in a very timely manner (even at the weekend) and is made accurately in accordance with our instruction.’

‘Ashurst was able to deliver a satisfactory service and has a good team of associates helping partner Chin Yeoh.’

‘Chin is generally very responsive and also able to provide commercial solutions.’

Key clients

Meta Platforms, Inc. (formerly Facebook)

Singapore Telecommunications Limited

Sojitz Corporation

Cabot Corporation (NYSE: CBT)

Far East Consortium International Limited (stock code: 0035)New World Development Company Limited (stock code: 0017)

ITOCHU Corporation

Digi.Com Berhad

Navis Capital Partners and management shareholders

Mirae Asset CapitalMirae Asset Global Investments (Hong Kong) Limited

Dongfeng Motor Group Company Limited

Mobvista Inc.

Stonepeak Infrastructure Partners

Work highlights

  • Continuing to assist Meta Platforms, Inc. (formerly Facebook) on their digital infrastructure and sub-sea telecom projects across Asia and internationally, including the Apricot Cable System, the Bifrost Cable System and the India-Asia-Xpress (IAX) and India-Europe-Xpress (IEX) Cable Systems.
  • Represented Far East Consortium and New World Development on the acquisition of Rich Fast International, which owns a multi-residential development plot located at Kai Tak (Kowloon Lot 6591) Hong Kong, jointly held by Chinese developer Kaisa Group (SEHK: 1638) and Mr Chen Zhuangrong. The transaction represents a disposal by Kaisa Group of a major property development asset in Hong Kong.
  • Advised on Shanghai Jin Jiang Capital’s HK$4.3 billion privatisation.

Davis Polk & Wardwell LLP

In 2021, Davis Polk & Wardwell LLP‘s Hong Kong office handled a steady stream of SPAC and de-SPAC transactions involving Hong Kong-based companies and sponsors, and further demonstrated its public markets expertise by advising on a number of take-privates. The group is also active for private equity clients, particularly in advising them on participating in fundraising rounds. Group head Miranda So also serves as co-head of the firm’s Asia ex-Japan office, working closely with partners in Beijing to service prominent Chinese clients. Yang Chu is experienced in advising on take-privates as well as auction processes, and counsel Sam Kelso has expertise across strategic M&A and private equity investments.

Practice head(s):

Miranda So; Howard Zhang; Yang Chu

Other key lawyers:

Sam Kelso

Key clients



GoTo Group

Work highlights

  • Advising CAR Inc. on its privatization by Indigo Glamour Company Limited by way of voluntary general offer and compulsory acquisition, with a total consideration valued at approximately HK$8.5 billion.
  • Advising the special committee of the board of directors of New Frontier Health Corporation (“NFH”) on the going-private acquisition by a consortium. This is the first going-private transaction of a company that previously became listed in the U.S. through a de-SPAC transaction.
  • Advising Duddell Street Acquisition Corp. on its business combination with FiscalNote Holdings.


As one of the oldest law firms in Hong Kong, Deacons has a long-standing reputation for corporate transactions, including cross-border deals. The team’s clients include companies based in Hong Kong and Mainland China as well as multinationals, and it leverages its expertise across capital markets, competition and regulatory issues to provide input on complex transactions. The group is co-led by corporate finance specialist Ronny Chow and Machiuanna Chu, who has deep expertise across both corporate and commercial dealmaking.

Practice head(s):

Ronny Chow; Machiuanna Chu

Key clients

Ausnutria Dairy Corporation Ltd

BOCI Asia Limited

Chuang’s Consortium International Limited

i-CABLE Communications Limited

ICBC International Capital Limited

Kerry Logistics Network Limited

Sumitomo Mitsui Banking Corporation

Viva China Holdings Limited

Work highlights

  • Advised on Inner Mongolia Yili Industrial Group Co., Ltd’s acquisition of a controlling stake in Ausnutria Dairy Corporation Ltd and mandatory conditional cash offers for shares and share options of Ausnutria Dairy Corporation Ltd.
  • Advised Kerry Logistics Network Limited on its disposal of companies holding Hong Kong warehouse properties to Kerry Holdings Limited – a special deal in relation to S.F. Holding Co., Ltd.’s partial offers for shares and share options for Kerry Logistics Network.
  • Advised Sumitomo Mitsui Banking Corporation on its disposal of its stake in ARA Asset Management Limited to ESR Cayman Limited and subscription of additional shares of ESR Cayman Limited.

Debevoise & Plimpton LLP

Debevoise & Plimpton LLP is recognised for its expertise in PE and VC transactions, where William Chua acts for international and China-based funds in investments and acquisitions, including take-privates. The Hong Kong office frequently acts alongside the wider firm’s international offices to handle cross-jurisdictional deals, and is increasingly active in secondary market transactions. The insurance and financial services industries are also areas of focus for the team, with Edwin Northover taking the lead in this space and advising on M&A deals, joint ventures and commercial agreements.

Practice head(s):

William Chua; Edwin Northover

Other key lawyers:

Allison Lee

Key clients



Boyu Capital

C2 Capital

Carlyle Group

Clayton, Dubilier & Rice

D1 Capital

J.P. Morgan Asset Management

Navis Capital Partners

SeaTown Holdings

Segantii Capital

Syniverse Technologies

Work highlights

  • Advising Global Transportation Group of J.P. Morgan Asset Management in its acquisition of UES Investment Limited, a leading shipping container leasing and logistics company headquartered in China, from Primavera Capital Group via an M&A auction process.
  • Advised AIA on the purchase of Blue Cross, a leading Hong Kong general insurer, and an associated 15-year bancassurance agreement between Blue Cross and BEA Bank.
  • Advised AXA on its US$4.8 billion reinsurance transaction with Global Atlantic Assurance Limited, a Bermuda-based subsidiary of Global Atlantic Financial Group.

Gibson Dunn

Gibson Dunn‘s Hong Kong corporate group has a broad client base encompassing financial sponsors, such as venture capital, private equity and pension funds, as well as Chinese and multinational companies across a range of sectors. Graham Winter heads up the team and has practiced in Hong Kong for 30 years, with considerable expertise in corporate transactions governed by HK regulations.

Practice head(s):

Graham Winter; Yi Zhang


‘Gibson’s Corporate practice is led by a very hands on and experienced partner, Graham Winter. The team is also supported by able assistants, such as Margaret Li. Graham’s approach is sensible, thorough and commercial. What I truly value is Graham offers his advice not only from a legal perspective; he is also able to give you sound commercial/strategic insights into a problem which is hard to find in peer firms. Legal knowledge and client service is also exceptional.’

Key clients


General Electric

Kimberly-Clark Corporation





Melco International Development

Melco Resorts & Entertainment

First Pacific Company

D. E. Shaw


CPE Advisors

Etisalat Group

Herbert Smith Freehills

Herbert Smith Freehills stands out for the highly international nature of its corporate practice, which is capable of providing wide-ranging advice to clients on deals throughout Asia. The team is highly active in the PRC, where it benefits from its joint operation with Herbert Smith Freehills Kewei, enabling it to provide PRC law advice. The group is jointly led by Matt Emsley, who serves as managing partner of China, and head of M&A Jason Sung. Sung is widely regarded for his experience in public M&A, drawing on his knowledge of HK public markets regulations, while Tommy Tong has more than 30 years’ experience handling public and private M&A in China.

Practice head(s):

Matt Emsley; Jason Sung

Other key lawyers:

Tommy Tong; Jeremy Shen

Key clients

Axiata Group Berhad

Shunfeng International Clean Energy Limited

Lagardère Travel Retail (LTR)

Keppel Telecommunications & Transportation Limited (Keppel T&T)

Ge Lian

Link Real Estate Investment Trust

Wearnes-StarChase Limited

GIC Private Ltd

Work highlights

  • Advised GIC on its US$1 billion investment in Envision Energy International, one of the world’s largest net-zero investments to date.
  • Advised Lagardère Travel Retail on its RMB720 million investment by, CICC and other investors. Investors have agreed to subscribe for a 22.36% stake in the retailer’s North Asia business. The retailer’s North Asia business operates 480 stores in 32 airports and 28 high-speed train stations in mainland China, Hong Kong and Japan, providing travel essentials, duty free and fashion, and food services.
  • Advised Keppel T&T on the divestment of its entire 50% stake in Wuhu Sanshan Port Co., Ltd. to Sinotrans Limited.

King & Wood Mallesons

King & Wood Mallesons has a strong client following amongst Chinese state-owned enterprises and private companies, regularly acting for these clients in takeovers, restructurings, fundraising rounds and investments. The team’s work in public markets includes representing Hong Kong-listed companies in deals, as well as advising on take-privates. The group is jointly led by Sheldon Tse, who acts on complex deals involving restructurings and share acquisitions, and Hayden Flinn, who has a particular focus on the financial services and real estate sectors.

Practice head(s):

Sheldon Tse; Hayden Flinn


‘Gary Lock is an experienced lawyer with a superb network and good relationships with regulators’

‘Straightforward fee arrangement and aforehand fact-based fee assessment can effectively assist their client in evaluating the cost, making work easier to do.

‘The team I worked with routinely updated me and effectively communicated with parties with different backgrounds.’

‘The team has a good sense of business acumen and can take the initiative to assist its client in adjusting the strategy and transaction structure.’

‘I worked a lot with Ms. Crystal Li and CiCi Zhu. I consider them trustworthy business partners.’

‘Mr. Huang is the leading figure in the team and can coordinate multiple teams and the firm’s resources to help its client.’

Key clients

Zaozhuang Mining (Group) Co., Ltd.

Shenzhen Expressway Company Limited

Sichuan Development Holding Co., Ltd.

Hong Kong Aerospace Technology Group Limited

Polestar Automotive Holding Limited 極星汽車控股有限公司

Zeekr Intelligent Technology Holding Limited

Shenzhen SEZ Construction and Development Group Co., Ltd.

Bauhinia Culture (Hong Kong) Holdings Limited

Hanison Construction Holdings Limited

Chinasoft International Limited

G9 Asia VIII Pte. Ltd.

Golden Ocean Holdings Corp.

Work highlights

  • Advised Zaozhuang Mining (Group) Co., Ltd., a wholly-owned subsidiary of China State-owned Shandong Energy Group Company Limited, on their USD3 billion (RMB19 billion) acquisition of equity interests in Shanghai listed Zhongtai Securities Co., Ltd.
  • Acted for Sichuan Development Holding Co., Ltd in its USD3.1 billion (RMB19.6 billion) strategic group restructuring and waiver applications to the Securities and Futures Commission (SFC) relating to the Hong Kong Code on Takeovers and Mergers (Takeovers Code).
  • Assisted Hong Kong and Shanghai dual-listed Shenzhen Expressway Company Limited in its USD1.34 billion (HKD10.48 billion) acquisition of approximately 71.83% equity interests in Shenzhen Investment Holdings Bay Area Development Company Limited.

Mayer Brown

In addition to its highly active domestic M&A practice, Mayer Brown‘s Hong Kong office works closely with its network of offices around the world to advise on cross-border deals. Practice head Hannah Ha also leads the antitrust and competition team in Hong Kong, drawing on this expertise to provide comprehensive advice to clients. She is highly experienced in negotiating deals involving regulated sectors, and her client base includes major multinational and Chinese companies as well as investment funds. Mark Uhrynuk is another key figure in the team and he has noteworthy expertise in representing PE funds.

Practice head(s):

Hannah Ha

Other key lawyers:

Mark Uhrynuk

Key clients

Cathay Pacific

Kerry Properties


China Merchants Group

Dah Chong Hang


Sun Hung Kai

Merlin Entertainments Group

CapitaLand / Ascott

Shui On Land Limited

Tsingtao Brewery Company Limited

Principal International (Asia) Limited

Lai Sun Group


Veolia Environnement S.A.

GeoPost S.A.

Alpargatas S.A.

Morrison Foerster

Morrison Foerster has long-standing expertise in the technology sector, where it advises on joint ventures, acquisitions and venture capital investments in growing sectors such as fintech, renewable energy and healthtech. The team’s work includes handling deals involving highly regulated and sensitive sectors, such as semiconductors. The HK office has also recently carved out a niche in SPAC and de-SPAC transactions, advising on deals involving PRC and SE Asian companies. The team is jointly led by Thomas Chou, Maureen Ho, Marcia Ellis and Vivian Yiu.

Practice head(s):

Thomas Chou; Marcia Ellis; Maureen Ho; Ruomu Li; Paul McKenzie; Chuan Sun; Vivian Yiu


‘Timely responses and turn-arounds, great ability to research and analyze precedents, valuable connections to mainland partner firms to address unique cross border issues’

‘The partner and associate carried out cash confirmation related work with high quality and share valuable legal advice in other deal related communications with regulators’

‘The MoFo team always gives us great advice to legal issues that are thoughtful, technical and commercial, especially over recent matters that require cross practice/office collaboration (credit/equity, US/China, SPAC, etc.). Seamless handoff from one time zone to another, from one specialist to another, without the need for clients to repeat their issues every time. Needless to say, they also produce contracts and transaction structures that fully address our needs in highly efficient, diligent, professional and meticulous manners. I would highly recommend the MoFo team to anyone who is looking for counsels for complex transactions.’

‘Marcia Ellis is always the leader, marshalling the right teams and resources for our projects; she has all the positive attributes I can think of for a legal counsel. Basically, when faced with any difficult issues or situations, she is our go-to person, we won’t make a decision until we are able to speak to Marcia. Ruomu Li led two of our most recent, most challenging transactions. Besides being technical and professional, I find her calm demeanor very constructive in high tension negotiation with difficult counterparties. Maureen Ho is always very thoughtful and thorough in her review, suggestions and drafting for transaction documents that are complex and unconventional. Yilong Luo has done a great job in guiding us through the US SPAC merger with a Chinese target company, very attentive and responsive with great knowledge in public M&A’

‘The team was very dedicated and professional. Working 24/7 to meet very tight deadlines and across different timezones.’

‘Thomas Chou led his team very effectively and came in to provide guidance and answers to move things forward. Highly dedicated and particularly good in handling tension among different law firms representing other parties. Julia Lee was working non-stop during the deal process and was always able to provide quick support and answers. She continued to send reminders on certain milestone dates after closing as reminders.’

Key clients

Alibaba Group



Softbank Vision Fund

Silver Crest

SIMIC Holdings

Work highlights

  • Advised SoftBank in the $65 billion sale of UK-headquartered multinational semiconductor and software design company Arm Limited to U.S. chip company NVIDIA.
  • Advised the committee of independent directors of Alibaba Group Holding Limited on Alibaba’s acquisition of a 33% equity interest in Ant Financial, China’s leading financial services company.
  • Advised Amperex Technology Limited in its RMB14 billion joint ventures for mid-size battery cells and packs and US$1.5 billion technology cross-license arrangement with Contemporary Amperex Technology Co., Limited.

Norton Rose Fulbright

With experience handling both private and public M&A, Norton Rose Fulbright is well-placed to advise clients across a range of sectors on corporate transactions including take-privates, mergers and joint ventures. Practice head Psyche Tai is particularly active on deals involving public markets, drawing on her extensive knowledge of the HK takeover code, while James Parker is noted for his work on cross-border transactions. The team continues to expand, promoting Rachel Chan to partner in January 2022 and bringing on Peggy Wang in June 2021 from White & Case.

Practice head(s):

Psyche Tai

Other key lawyers:

James Parker; Rachel Chan; Peggy Wang

Key clients

121 Group

AC Renewables

Beijing Capital Land Ltd

BMO Financial Group

The Executive Centre

Hifood Group Holdings Co., Limited

HSBC and HSBC Insurance (Asia)

Kerry Logistics Network Limited

ProLogium Technology Co. Ltd.

Shun Tak Holdings Limited

Siam Commercial Bank

UOB Kay Hian (Hong Kong) Limited



Work highlights

  • Advised Beijing Capital Land Ltd on its privatisation by way of merger by absorption by Capital Group, its controlling shareholder.
  • Advised ProLogium Technology on its strategic investment by Mercedes-Benz AG in connection with a development cooperation for EV battery technology development, and investment by POSCO Holdings to develop core materials for next-generation battery cells for electric vehicles.
  • Advised Kerry Logistics Network Limited (0636.HK) on its acquisitions of certain minority interests in Malaysia, Thailand and the PRC (including Shanghai, Nanjing, Ningbo and Qingdao).

Reed Smith Richards Butler LLP

In addition to its strong domestic M&A practice, Reed Smith Richards Butler LLP‘s Hong Kong team has a notable offering in outbound and inbound M&A across sectors including financial services, automobiles, energy and consumer goods. The Hong Kong office works closely with the firm’s teams in Shanghai and Beijing to act for SOEs and private Chinese companies, and has substantial experience of dealing with HK regulations such as the Takeover Code and exchange listing rules. Denise Jong heads up the team and acts for a client base which spans start-ups, multinational corporations and investors.

Practice head(s):

Denise Jong; Jay Yan

Shearman & Sterling

Shearman & Sterling is highly active on complex M&A deals involving public markets, such as SPACs and take-privates, and is also recognised for its experience in both inbound and outbound investments in China and Hong Kong. Li Chen heads up the group, and alongside Sean Wang works between Hong Kong and Beijing; Wang is noted for his work in the energy sector, while Chen is an expert in both PE investments and strategic M&A. Lorna Chen is another name to note in the funds space, with a particular focus on co-investments. Wanda Woo joined the team in March 2022 from Wilson Sonsini Goodrich & Rosati.

Practice head(s):

Li Chen

Other key lawyers:

Sean Wang; Lorna Chen; Wanda Woo

Key clients

China National Petroleum Company International/PetroChina

China National Petroleum Corporation Exploration & Development Company (CNODC)

China Telecommunications Corporation (CTC)

Clear Media Limited

Dito Telecommunity

Investcorp NoMicrovast Inc.

Work highlights

  • Advised Mr. Han Zi Jing, Chief Executive Officer of Clear Media Limited, as leader of a consortium of investors on the take-private of Clear Media.
  • Advised CNODC/CNPC International in relation to the JV formation, assets acquisition and restructuring of the Rumaila oil field project in Iraq (being the world’s 3rd largest crude oil field) opposite BP plc.
  • Advised Microvast Inc. on its business combination with special purpose acquisition vehicle (SPAC) Tuscan Holdings Corp., which reflects an implied equity value of the combined company of $3 billion.

White & Case

With expertise across M&A, capital markets, tax and a range of regulatory areas, White & Case‘s Hong Kong office is adept at advising on corporate transactions across Asia and beyond. The team is noted for its work representing financial sponsors, including PE funds, and is also highly active in strategic M&A. Healthcare and life sciences are key sectors of focus for the group, as well as renewable energy. Christopher Kelly leads the practice and regularly works with the firm’s offices in the PRC, Singapore, Seoul and Tokyo, as well as in the West. Paul Tang regularly handles PE investments and portfolio company deals and has considerable experience advising on inbound investments into China. Daniel Yeh is another name to note in PE, serving as global co-head of private equity, while Peiwen Chen was promoted to partner in January 2022.

Practice head(s):

Christopher Kelly

Other key lawyers:

Daniel Yeh; Paul Tang; Peiwen Chen

Key clients

Advent International


BBPOS Limited


Copenhagen Infrastructure Partners (CIP)


Medcaptain Medical Technology (Hong Kong) Limited

NewQuest Capital Partners


Stonepeak Capital Partners

Zynga Inc.

Work highlights

  • Represented Advent International, one of the largest and most experienced global private equity investors, in connection with the sale of its controlling interest in AI Dream, a leading premium sleep solution provider that operates global brands Serta and King Koil in China, to the Asia-focused private equity firm Hillhouse Investment Management.
  • Acted for Zynga Inc. in its acquisition of StarLark, developer of the fast-growing and second-largest mobile golf game in the world, Golf Rival, from Betta Games for US$525 million in cash and stock.
  • Represented DigitalBridge Group on its flagship US$750 million carve-out acquisition of data center assets in Hong Kong and Malaysia from PCCW.

Fangda Partners

A leading law firm in the PRC, Fangda Partners leverages its large presence on the mainland to advise on deals involving PRC companies and is also instructed on matters involving the wider Asia Pacific region. The team has a focus on transactions related to HK public markets, such as share sales and high-value take-privates. The practice additionally stands out for its wide-ranging sector expertise, which encompasses technology, life sciences and education. Practice head Colin Law leverages his knowledge of securities law to advise on public M&A; elsewhere, Norman Zhong has substantial experience acting for international investors on inbound investments into China.

Practice head(s):

Colin Law

Other key lawyers:

Norman Zhong; Wei Chen

Key clients

Suez and Suez (Asia) Limited

Softbank Vision Fund

Primavera Capital

IDG Capital

Boyu Capital

China Resources Property

Jinxin Fertility Group Limited

Ever Harmonic Global Limited

China State-Owned Enterprise Mixed Ownership Reform Fund Co., Ltd.

Softbank Vision Fund


Brilliance International Holding Limited

Ant Financial

VMS Asset Management

Work highlights

  • Advising SUEZ on its HK$6.5 billion acquisition of NWS Holdings’ stake in their joint venture businesses, and subsequently on the global merger with Veolia
  • Advising Envision Group on multiple investments from Sequoia, Primavera and GIC.
  • Advising the offeror, Ever Harmonic Limited, in relation to the successful privatisation of Clear Media.

Morgan, Lewis & Bockius

Morgan, Lewis & Bockius specialises in advising sovereign wealth and private equity funds on transactions, and acts for both Chinese and international clients. The team handles deals involving companies based in Hong Kong and Mainland China, and its work for Chinese clients also includes outbound investments. Maurice Hoo and Edwin Luk jointly lead the practice; Hoo acts on a broad range of transactions, with a particular focus on the technology sector, while Luk serves as the firm’s global head of corporate and securities.

Practice head(s):

Maurice Hoo; Edwin Luk


‘The team is experienced, meticulous 24/7 and focused on my best position always.’

‘Maurice Hoo is 100% focused on our success, protection and representation in every way.’

Key clients

Silk Road Fund

Sequoia Capital


China Distance Education

Warburg Pincus

Lake Bleu Capital

Work highlights

  • Advised Silk Road Fund, a sovereign investment fund in China, on its participation in an EIG lead global investor consortium’s acquisition of a 49% stake in Aramco Oil Pipelines Company from Saudi Arabian Oil Co.(“Aramco”) for US$12.4 billion.
  • Advised Sequoia Capital in its Minority Investment in SSENSE, the first round of external funding in the company’s 18-year history, giving the company a post-money enterprise value of more than CAD$5 billion.
  • Advised Velvet Investment Pte. Ltd (GIC) in connection with the going-private transaction of Cellular Biomedicine Group (CBMG).

Paul, Weiss, Rifkind, Wharton & Garrison

Paul, Weiss, Rifkind, Wharton & Garrison handles acquisitions, disposals and investments involving companies based in China and across the Asia Pacific region, and has a particular focus on acting for private equity funds. The practice also stands out for its work on take-privates. Judie Ng Shortell and Greg Liu jointly lead the team and split their time between Hong Kong and Beijing.

Practice head(s):

Greg Liu; Judie Ng Shortell

Key clients

Baring Private Equity Asia

DCP Capital

KPS Capital Partners


Prosus N.V.

Work highlights

  • Advised a DCP Capital Partners-led group of investors in their take-private acquisition of 51job, Inc.
  • Acted for DCP Capital in its purchase, alongside China Merchants Venture, ZWC Ventures and Huagai Capital, of a 32.98% stake in Datong Insurance Sales & Service Co., Ltd. from Anxin Trust.
  • Acted for PAG as an exchangeable note investor in the take-private transaction of Taiwan Liposome Company (TLC), a Taiwan-based clinical-stage specialty pharmaceutical company listed on the Taipei Exchange and the Nasdaq.


Dechert specialises in representing Hong Kong listed companies in corporate transactions, including acquisitions and disposals, and also advises the target companies in de-SPAC transactions and privatisations. Stephen Chan focuses on the real estate sector, where his clients include REITs, while Yang Wang advises on inbound and outbound investment involving the chemical, life sciences and manufacturing industries.

Practice head(s):

Stephen Chan; Yang Wang

Key clients

China Financial Services Holdings Limited

CLSA Capital Markets Limited


AE Majoris Global Investment Limited

Yuexiu REIT Asset Management Limited

Yuexiu Property Company Limited

China Galaxy International Financial Holdings Limited

MIE Holdings Corporation

SML Holdings Limited

Yuexiu Services Group Limited

AEON Stores (Hong Kong) Co., Limited

Talent Property Group Limited

Excellence Commercial Property & Facilities Management Group Limited

New Century REIT


Work highlights

  • Advised New Century Asset Management Limited, manager of NC REIT, on the very substantial and connected disposal of all assets of NC REIT and the subsequent termination, liquidation, deauthorization and delisting from HKSE – The First Successful Delisting and Deauthorization of a Hong Kong-Listed REIT.
  • Advised Zhejiang New Century Hotel Management Co., Ltd. on its HK$1.4 billion privatization by Kunpeng Asia Limited by way of voluntary general offer.
  • Advised CICC and CLSA, the joint financial adviser to the Yue Xiu Enterprises (Holdings) Limited, on the HK$5.1 billion privatization of Chong Hing Bank Limited by way of a scheme of arrangement.

Eversheds Sutherland

Eversheds Sutherland‘s expertise in M&A extends beyond advising PE houses on investments and bolt-on acquisitions to encompass strategic M&A, investments and joint ventures. Charles Butcher takes the lead on international M&A, handling deals across the Asia Pacific region, and also heads up the private equity team. Roderick Lai has a broad client base which includes private equity funds and their portfolio companies as well as multinationals, while Dickson Ng continues to offer expertise across M&A and restructuring to both public and private HK companies. Ng works closely with Stephen Mok, the firm’s head of corporate in Asia.

Practice head(s):

Charles Butcher; Stephen Mok; Jack Cai; Jay Ze

Other key lawyers:

Dickson Ng; Roderick Lai


‘Roderick Lai is extremely responsive’

‘Commercially minded – gives practical solutions taking into account businesses requirements’

Key clients

Baird Capital

Busy Bees

Chow Tai Fook Jewellery Group

CITIC Resources Holdings

Ethemba Capital

edotco Group

Helly Hansen

Hutchison Port Holdings and CK Hutchison Holdings

JAS Worldwide

Naked Brand Group


Store Friendly Self Storage Group

Swire Properties

TOM Group

Vega Global

VFS Global

Work highlights

  • Advised JAS on its multijurisdictional acquisition of Tigers Limited from Geopost S.A.
  • Advised Baird Capital on its LBO of Vega Global Limited, and advised Vega Global on the subsequent bolt-on acquisition of a majority stake of Kodum Limited, a leading technology services provider operating in ANZ and the Pacific Islands.
  • Advised Naked Brand Group in relation to the China and Hong Kong aspects of its combination with Cenntro Automotive Group.

K&L Gates

K&L Gates has a strong following among Chinese corporates, advising clients on domestic M&A and outbound investments, and is also recognised for its representation of Chinese private equity funds. The team is instructed on deals across a wide range of sectors, including telecommunications, technology, pharmaceuticals, transport, and renewable energy. The firm’s network of offices across mainland China, Hong Kong, the Asia Pacific and the United States position it well to act on multi-jurisdictional deals. Frank Voon leads the team and works between Beijing and Hong Kong; other key figures in Hong Kong include Virginia Tam, who focuses on outbound M&A, as well as Amigo Xie and William Ho, who are both highly active on cross-border deals.

Practice head(s):

Frank Voon

Other key lawyers:

Virginia Tam; Amigo Xie; William Ho


‘The project involved various works due to its complex structure including antitrust, environment, labour, etc. K&L Gates has broad spectrum of legal area coverage and provided truly one-stop shop services.’

‘Frank Voon we are impressed not only with his legal professional skills, but also with his close and proactive involvement to the project.’

‘They are able to provide a diverse range of services at a reasonable price for their services.’

‘Frank Voon is an excellent lawyer who has experience in many areas of practice and is able to provide valuable insights to his clients to solve issues and problems.’

Key clients

3D Systems Corporation


BC Technology Group


China Zenix Auto International Limited

DiDi Chuxing Co., Ltd.

Getac Technology Corporation

Lingfeng Capital

Luye Pharma

TCL Holdings

Wolfspeed, Inc. (formerly known as Cree, Inc.)

Work highlights

  • Represented Brookfield in its acquisition of a Singapore group of companies that will come to own approximately 200,000 square meters of land-use rights in Zhangjiagang, Jiangsu PRC.
  • Acted for Wolfspeed, Inc. (formerly known as Cree, Inc.) as its international counsel in connection with the sale of its global LED business and transfer of employees in 12 countries (Hong Kong, China, Taiwan, Korea, Japan, Malaysia, Russia, India, Germany, U.K., France and Italy) to SMART Global Holdings, Inc.
  • Advised DiDi Chuxing, a global e-hailing business, in its expansion of its hail-riding and food delivery service business into various jurisdictions including South Africa, Bangladesh, Egypt, Lebanon, Morocco, Nepal, Nigeria, Qatar, Sri Lanka, Tunisia, and Turkey (confidential), as well as on-going regulatory work in Japan.


Milbank‘s corporate practice in Hong Kong has grown rapidly since January 2021, when it brought on Andrew Whan and Neeraj Budhwani from Clifford Chance. Whan and Budhwani specialise in private equity, acting for prominent PE houses in acquisitions of HK companies, including take-privates. Alongside its PE work, the group also handles regional M&A involving clients from across the Asia Pacific region. James Grandolfo is a key name to note in this area, with a particular focus on deals related to the Philippines; Paul Pery, a Philippines-qualified partner, is also highly active on this work.

Practice head(s):

Andrew Whan; Neeraj Budhwani

Other key lawyers:

James Grandolfo; Paul Pery

Key clients

CVC Capital Partners

Baring Private Equity Asia

Hong Kong Broadband Limited

Goldman Sachs


PAG Capital

Okada Manila International, Inc.

AGP International Holdings Ltd

Maso Capital Partners Limited

Union Bank of Philippines

Nexus Point Capital

Galaxy Entertainment Group Limited

PLDT, Inc.

Globe Telecom

Work highlights

  • Advised CVC Capital Partners in connection with the proposed privatization of Razer Inc., a leading lifestyle brand for gamers.
  • Advised The Union Bank of the Philippines (“UnionBank”) in connection with its acquisition of the consumer banking business of Citigroup Inc. in the Philippines (“Citigroup”) through a highly competitive auction process. The total transaction value is anticipated to be in the region of US$1,260,000,000.
  • Advised telecommunications provider PLDT Inc. (“PLDT”) and its subsidiaries Smart Communications, Inc. (“Smart”) and Digitel Mobile Philippines, Inc. in the sale of 5,907 telecom towers and related passive infrastructure to subsidiaries of international groups, edotco Group and EdgePoint Infrastructure (“EdgePoint”).


O'Melveny offers comprehensive advice to clients across corporate and commercial transactions, with experience handling mergers, acquisitions, SPAC deals, licensing agreements and investments. The firm benefits from its offices in the US, which enable it to advise on cross-border deals, particularly in the technology sector. It also draws on its office in Shanghai to handle matters involving mainland companies. Nima Amini and Edwin Kwok are the key figures in Hong Kong.

Practice head(s):

Walker Wallace; Nima Amini

Other key lawyers:

Edwin Kwok

Key clients


Enjoy Start Limited


Alibaba Group Holding

SEEK Limited

Faraday Future

China VAST Industrial Urban Development Company Limited

BOCOM International (Asia) Limited

Yunfeng Capital

Work highlights

  • Advised Pharmaron Beijing Co., Limited in its acquisition of Aesica Pharmaceuticals Limited (Cramlington Site) from the Recipharm group.
  • Advised Enjoy Start Limited in an approximately US$180 million overnight financing.
  • Assisted RemeGen Co., Ltd. in entering into an exclusive worldwide license agreement with Seagen Inc.

Paul Hastings LLP

Paul Hastings LLP handles high-value public and private M&A deals for a client base which includes both corporations and investment funds. Raymond Li is especially active in advising PRC companies on their investments into HK, while Vivian Lam‘s expertise covers M&A as well as corporate restructurings. The group is sector-agnostic, with recent work involving companies in the food processing, real estate, shipping and financial services industries.

Practice head(s):

Raymond Li; Vivian Lam


‘The firm has a strong capability in working for multi-country transactions.’

‘Vivian Lam is a hardworking professional. Even with a very tight time schedule, she and her team can manage and get things done.’

Key clients

COSCO Shipping

CDH Investments

Fosun International

Ping An Insurance


China Life


ICBC International

WH Group

China ZhongDi Dairy Holdings Company Limited

Bain Capital

Inner Mongolia Energy Engineering (Group) Co., Ltd

I.T Limited

GenScript Biotech Corporation (“GenScript”) and Probio Technology Limited (“Probio”)

YF Capital


The founders of Apex International Corporation (“Apex”)


Work highlights

  • Advised WH Group Limited on its HKD15 billion conditional voluntary cash offer to buy-back for cancellation.
  • Represented Proprium Real Estate Special Situations Fund on its multibillion-dollar equity investment in the buyer consortium of the take-private transaction of New Frontier Health Corporation, an operator of premium healthcare services providers in China.
  • Advised COSCO SHIPPING Ports on its agreement to acquire a 20% minority interest in Red Sea Gateway Terminal Company Limited for a total consideration of USD140 million.


An independent boutique focusing on corporate law, Charltons offers clients expertise across M&A, investments, fundraising rounds, joint ventures and demergers. Founder and managing partner Julia Charlton has broad experience representing international and HK-based clients, including listed companies, on cross-border transactions. Clinton Morrow is dual-qualified in HK and Australia, with particular specialisms in deals involving the tech sector and private fund clients.

Practice head(s):

Julia Charlton

Other key lawyers:

Clinton Morrow; Calvin Ho

Key clients

JSAB Holding Limited

Chayora Holdings Limited

ROXCEL Trading GmbH

Next Vantage Global Limited

Gang Mai Environmental Services Company Limited

Victoria Hotels (HK) Limited

Shandong Xinhua Pharmaceutical Co Ltd

Jia Group Holdings Limited

Calioo Technologies Limited

Work highlights

  • Advised the Chayora Group on the strategic investment by EdgeConneX in the Chayora Group and the subsequent general offer to repurchase shares by the Chayora Group to its minority shareholders.
  • Advised the shareholders of Next Vantage Global Limited in relation to the sale of the entire issued share capital of HKTaxi App Limited to Uber International Holding B.V.

Howse Williams

Independent Hong Kong firm Howse Williams handles a steady stream of deals involving Hong Kong companies, as well as companies in mainland China and the wider Asia Pacific region. The team’s experience in navigating HK Listing Rules enables it to handle take-privates. Chris Williams heads the group, which was recently joined by Veronica Chow and Anthony Chan.

Practice head(s):

Chris Williams

Other key lawyers:

Anthony Chan; Veronica Chow; Brian Ho; Chris Yu

Key clients

Hyve Group plc

EC Healthcare

LaSalle Investment Management / QuadReal Property Group

Hop Hing Group Holdings Limited

Able Engineering Holdings Limited

Chuan Holdings Limited (stock code: 1420)

Argyle Street Management Limited

Bison Finance Group Limited

DL Holdings Group Limited

Genesis Venture Limited

Minter Ellison

Australian firm Minter Ellison is routinely instructed by PRC companies listed in Hong Kong to advise on corporate transactions, handling deals involving public and private companies in HK as well as cross-border M&A transactions. The group has also carved out a niche in advising offshore funds on investments into China. The team is jointly led by highly-experienced corporate partner Fred Kinmonth and George Tong; Barbara Mok is another name to note. Andrew Yang  joined the firm in May 2022.

Practice head(s):

Fred Kinmouth; George Tong

Other key lawyers:

Barbara Mok; Andrew Yang

Key clients

Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd.

EVA Precision Industrial Holdings Limited

Million Surplus Developments Limited

Work highlights

  • Advised Million Surplus Developments Limited in the acquisition of 9.26% of the total issued shares of Genertec Universal Medical Group Company Limited.
  • Advised EVA Precision Industrial Holdings Limited on the acquisitions of Futaba Metal Products (Shenzhen) Co., Ltd.
  • Advised Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. in relation to a put option that would involve a sale of equity interest in Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd.

Proskauer Rose LLP

Proskauer Rose LLP‘s Hong Kong team is recognised for its work advising private equity houses on their investments into China, and is additionally noted for its sector expertise in hospitality. Yuval Tal works between the HK and Beijing offices, and serves as the firm’s global co-chair of hospitality, gaming and leisure, advising prominent multinationals in these sectors. Tal jointly leads the Hong Kong team alongside Jeremy Leifer, who has a broad corporate practice, and private equity specialist Jay Tai.

Practice head(s):

Yuval Tal; Jeremy Leifer; Jay Tai


‘The team is very hands on when working with clients. They are very knowledgeable in the field and have great legal advices for every situation. The key point that this firm stands out among other firms is that they are very empathetic to clients needs and circumstances. It’s not about innovation but rather how they build a long lasting and trusting relationship with the clients.’

‘Yuval Tal and Cynthia Cheng are two lawyers that we work with mainly for our work; they are both very knowledgeable in the field and also very caring individuals – they have built a very trusting relationship. They set themselves apart from other competitors because they go out of their way to help us build our business through valuable legal advices/services but also they generate new ideas and opportunities to help us.’

Key clients

Bow Wave Capital Management – Mynt

Bow Wave Capital Management – Others


Accor – Huazhu

Accor – Ennismore

Accor – Faena Group

Schroder Capital – Elastic Run in India

Galaxy Entertainment Group (“GEG”)


Work highlights

  • Advised New York-based capital management firm Bow Wave, in relation to a series of transactions in Southeast Asia, including its investment in Philippines based Mynt, the fintech arm of Globe Telecom. Mynt raised over US$175 million in fresh capital from Bow Wave and its existing shareholders in multiple tranches, with post-money valuation of the final tranches at close to US$1 billion.
  • Advised OCBC on a proposed equity and debt investment in a VIE-structured fintech company with operations in multiple jurisdictions including Hong Kong, China and the U.S.
  • Advised Biomat, an affiliate of the firm’s longtime Barcelona-based client Grifols, in its entry into definitive agreement with GIC, the sovereign wealth fund of Singapore, pursuant to which GIC will invest approximately $1 billion in Biomat. Biomat is a wholly-owned subsidiary of Grifols and operates Grifols’ U.S. plasma collection business. The agreement provides for the acquisition by GIC of a minority interest in Biomat through the acquisition of newly issued non-voting stock.

Ropes & Gray LLP

Ropes & Gray LLP acts for well-known Chinese clients in investments, acquisitions and financing rounds. The Hong Kong office works closely with the firm’s other offices to handle multi-jurisdictional transactions. Oliver Nip leads the team; Peng Yu departed the firm in 2022.

Practice head(s):

Oliver Nip

Key clients


API Hong Kong Investment Limited

Cainiao Smart Logistics Network

Didi Global Inc.

Manulife Investment Management

National Modern Energy Holdings


Work highlights

  • Advised Alibaba on its US$1.15 billion investment (in conjunction with Richemont) in Farfetch.
  • Advised Manulife Investment Management in its acquisition of a minority stake in ARCH Capital Management.

Stephenson Harwood

Stephenson Harwood has a varied corporate practice, regularly advising on domestic and cross-border M&A involving Hong Kong public companies. The team’s workload includes acquisitions, disposals, joint ventures and investments; it also stands out for its work on deals involving distressed assets. Key figures in the team include practice head Jane Ng, who has decades of experience in corporate transactions, and Michelle Chung, who’s expertise extends to capital market matters such as IPOs.

Practice head(s):

Jane Ng

Other key lawyers:

Michelle Chung


‘Very professional and dedicated team very easy to work with.’

‘We would like to highlight the work of Winnie Choi who is a very competent and dedicated lawyer with practical understanding of her clients’ needs. Michelle Chung is an excellent partner with strong expertise in corporate finance matters.’

‘The SH corporate team has been outstanding in their capacity as lead international counsel advising on a complex cross-border IPO. The team has demonstrated a deep knowledge of the industry throughout and has handled the project at a very high professional level.’

‘The entire SH team has been great, with solicitor Winnie Choi deserving a separate note for her excellent management of multinational communications and processes.’

‘Client focus, creative ideas for solutions, in depth industry knowledge’

‘Jane Ng, the partner, is able to help clients with her creative ideas to deal structure, with extensive experience in cross-border M&A.’

Key clients

Madison Pacific Trust Limited

Velocity Ventures

Eurofins Product Testing LUX Holding Sarl

Electrolux (China) Home Appliance Co., Ltd. Shanghai Branch



The joint provisional liquidators of CECEP COSTIN New Materials Group Limited/ PricewaterhouseCoopers

Work highlights

  • Advised Madison Pacific Trust Limited (as security trustee) on the enforcement sale of the 51% shares in HG Storage International Limited, a Jersey incorporated joint venture in oil and gas industry with assets in over 9 jurisdictions.
  • Acted as legal advisers to Eurofins Product Testing LUX Holding Sarl (“Eurofins”) for its acquisition of the Modern Testing Services (MTS) Group, a company whose business in mainly based in Hong Kong and the PRC, but also includes entities under common ownership in a number of other jurisdictions.
  • Advised Velocity Ventures, a travel and hospitality-focused venture capital firm, in the investment in the Hong Kong-based F&B SaaS platform Aigens through acquiring a minority interest in the target’s parent company.