Proskauer Rose LLP > Hong Kong, Hong Kong > Firm Profile

Proskauer Rose LLP
SUITES 1701-1705, 17/F
TWO EXCHANGE SQUARE, 8 CONNAUGHT PLACE CENTRAL
HONG KONG
Hong Kong

Hong Kong > Real estate Tier 3

Proskauer Rose LLP is best-known for its real estate-related work in the hospitality industry, including transactions in the hotel and gaming sectors, in particular. Yuval Tal, who is the head of the Hong Kong and Beijing offices, is global co-chair of the hospitality, gaming and leisure group. He regularly works with practitioners in other offices to advise multinational hospitality company Accor on projects throughout the world. On a similar theme, consultant Cynthia Cheng is noted for her vast experience of holding senior roles in in-house legal teams at leading international hotel companies.

Practice head(s):

Other key lawyers:

Key clients

Accor

Galaxy Entertainment Group

Mori Building Real Estate Advisory Co.

Work highlights

  • Advised longstanding client Accor on the launch of a global strategic partnership with Faena Group, the sale of Accor’s interests in Huazhu, a China-based, NASDAQ-listed company, and on taking full ownership of the sbe hotel brands. The firm is also continuing to advise Accor on its negotiations with Ennismore to form the world’s leading lifestyle operator in the hospitality sector.
  • Advised Galaxy Entertainment Group on its hospitality agreements with a number of international hotel operators in connection with Phases 3 and 4 of its integrated resort gaming development in Macau.
  • Advised Mori Building Co. and JR Kyushu, one of the Japanese railway companies, on their multi-property deal with Marriott international for Japanese hotels, the first of which is their deal in Nagasaki.

Hong Kong > Private equity Tier 4

Proskauer Rose LLP handles a range of private equity transactions, including buyouts, portfolio company divestitures and investments. It stands out for its expertise in the structuring and negotiating of secondary transactions and fund restructurings, and the team has recently been active in deals in the education, aviation, real estate, financial services, consumer, healthcare and TMT sectors. Jay Tai heads the team.

Practice head(s):

Testimonials

‘The team has good support and can mobilize manpower and resources to serve and meet the client’s needs’.

‘They are willing to prioritise client’s work and are able to meet tight timelines set by the parties’.

‘They are flexible in fee arrangement’.

‘Jay Tai is professional and practical’.

Key clients

RRJ Capital

CCB International Asset Management Limited

Greater Bay Area Homeland Development Fund

Schroder Adveq

Adams Street Partners

Partners Group

Lunar Capital

Haitong International Securities Group

OCBC

B.M. Group

Work highlights

  • Advised Greater Bay Area Homeland Development Fund in two private equity investments in the fintech space.
  • Advised Partners Group in the disposal of an equity position in a manufacturing group listed in Hong Kong.
  • Advised Adams Street Partners on at least two co-investments, two secondaries and five fund investments in Asia.

Hong Kong > Corporate (including M&A) Tier 6

Proskauer Rose LLP is co-led by Yuval Tal who splits his time between Hong Kong and Beijing and notably serves as global co-chair of the firm’s hospitality, gaming and leisure group; the aforementioned sectors are core pillars of the M&A offering and so too are private equity transactions, a front on which Jeremy Leifer and Jay Tai thrive.

Practice head(s):

Testimonials

Timeliness, genuine care and building trust; they care enough to really build a long lasting relationship which can lead to more opportunities of working together.’

‘One of the top – not only is the team professional and knowledgeable, they are very considerate and kind. They genuinely care for the well-being of the client side on professionally and personally.’

Key clients

Grifols S.A.

Accor – sbe Hotel

Accor – Faena Group

Accor – Ennismore

Accor – Huazhu

Galaxy Entertainment Group

Bow Wave Capital Management

Mount Sinai International

Work highlights

  • Advising Grifols S.A. in its entry into a strategic alliance with China’s leading blood plasma company, Shanghai RAAS Blood Products Co Ltd.
  • Advised Accor in numerous high-profile hospitality deals around the world over the last year. Most recently, the team advised Accor on the launch of a global strategic partnership with Faena Group.
  • Acted for Galaxy Entertainment in its agreements with Hyatt in connection with the new Andaz Macau, one of the most anticipated hotel projects, scheduled to open in 2021 as part of Galaxy Macau’s new Galaxy International Convention Center (GICC).

China > Investment funds: foreign firms Tier 3

China > Private equity: foreign firms

A go-to firm in the Greater China region for secondaries, Proskauer Rose LLP‘s private equity group regularly negotiates and closes buyouts, portfolio company divestitures and investment deals. Hong Kong partner Jay Tai plays a key role in leading the development of the firm’s co-investment and secondaries practice in Asia.

Practice head(s):

Jay Tai

Testimonials

‘Strong technical skills, substantive experience, and commercial and practical.’

Key clients

Schroder Capital

Adams Street Partners

OCBC

Partners Group

Bow Wave Capital Management

B M Group

Greater Bay Area Homeland Development Fund

Lunar Capital

Haitong International Securities Group

CCB International Asset Management

RRJ Capital

Work highlights

  • Advised Schroder Capital on its Series D investment in NTEx Transportation Services Private (Elastic Run), an India-based e-commerce platform.
  • Advised OCBC on the formation of a joint venture consortium and equity investment in a drone manufacturer in China.
  • Advised New York-based capital management firm Bow Wave on a series of transactions in Southeast Asia, including its investment in Philippines based Mynt, the fintech arm of Globe Telecom.

Firm Overview: Proskauer has more than 800 lawyers across 12 offices worldwide. We are strategically strengthening our core practices and industry offerings ensuring that we continually innovate to meet the needs of the markets we serve. We are laser-focused on delivering outstanding client service. We work across borders with asset managers, private equity and venture capital firms, Fortune 500 and FTSE companies, major sports leagues, entertainment industry legends and other industry-redefining companies.


Proskauer in Asia:
Our Beijing and Hong Kong offices are led by partners with deep experience and expertise in the Asia market, who provide clients doing business in People’s Republic of China (PRC) and throughout Asia with advice on local matters as well as access to the versatility of their global platform. This depth and reach makes us particularly strong in complex cross-border transactions.

Proskauer provides clients with high-value advice on the laws of Hong Kong, the US and the UK, and has extensive and in-depth understanding of People’s Republic of China laws. We offer integrated and solutions-oriented services for cross-border transactions throughout Greater China, major Southeast Asian jurisdictions and the rest of the world. Our client base spans a number of industries from finance and private equity, to hospitality and real estate. The firm provides guidance to multinational clients on investing and doing business in Asia, as well as Asian companies investing and doing business around the world.

With particularly impressive deal experience in the private equity, real estate and hospitality sectors, the firm’s work for Accor, Grifols, and Schroders Capital, among others, has been praised by China Business Law Awards and Asian Legal Business.


Practice Areas:
Mergers and acquisitions
Private investment funds
Private equity real estate
Foreign direct investments
Hospitality, gaming and leisure
Joint ventures
Labour and employment
Dispute resolution and regulatory

DepartmentNameEmailTelephone
Yuval Tal
Cantonese
English
Malay
Mandarin
U.S. Offices : Boca Raton, FL
U.S. Offices : Boston, MA
U.S. Offices : Chicago, IL
U.S. Offices : Los Angeles, CA
U.S. Offices : New Orleans, LA
U.S. Offices : New York, NY
U.S. Offices : Washington, DC
International Offices : Beijing
International Offices : Hong Kong
International Offices : London
International Offices : Paris
International Offices : São Paulo