Proskauer Rose LLP > Hong Kong, Hong Kong > Firm Profile
Proskauer Rose LLP Offices
SUITES 1703-1705, 17/F
TWO EXCHANGE SQUARE, 8 CONNAUGHT PLACE CENTRAL
HONG KONG
Hong Kong
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Proskauer Rose LLP > The Legal 500 Rankings
Hong Kong > Real estate Tier 3
Leisure and gaming specialists Proskauer Rose LLP have used their ‘accumulated experience‘ to assist their clients through the difficult pandemic era. Real estate M&A and joint venture specialist Yuval Tal – an ‘innovative lawyer for problem solutions‘ – heads the practice in Hong Kong and Beijing. He is assisted by recommended associate Cynthia Cheng, who specialises in the luxury hotel sector.Practice head(s):
Yuval Tal; Jeffrey Horwitz
Other key lawyers:
Testimonials
‘Proskauer being one of the leading law firms in Real Estate Practice globally with strong focus on gaming and hospitality has an extensive knowledge and accumulated experience for problem solutions over the years. This asset by far makes them a very unique and special when we look for a legal firm to help us out not only in consummating any deals but also in workout situations.’
‘Yuval Tal is the best and perfect partner I have ever worked ever over 45 years of my business carrier. He is the best listener and the most innovative lawyer for problem solutions and can provide a few options to choose so that you can make an appropriate business decision.’
Key clients
Accor – Huazhu
Accor – Ennismore
Accor – Faena Group
Galaxy Entertainment Group (“GEG”)
Mori Building Real Estate Advisory Co., Ltd
A Sovereign Wealth Fund
Work highlights
- Represented longtime client Accor in the launch of a global strategic partnership with Faena Group; in the sale of Accor’s interests in Huazhu, a China-based, NASDAQ-listed company; and continues to advise Accor in the creation, structuring and implementation of its global joint venture with Ennismore.
- 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.
- Represented Mori Building Co. and JR Kyushu, one of the Japanese railway companies, in 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’s focus within the private equity sphere is fund formation as well as buyouts and portfolio company divestitures. The firm ensures collaboration with its M&A practice and engages with co-investment work, both direct and indirect, as well as structuring co-investment funds across the APAC region including India, China and Southeast Asia. Practice head Jay Tai has been instrumental in the development of the firm’s Hong Kong practice.Practice head(s):
Jay Tai
Other key lawyers:
Yong Ren
Testimonials
‘Strong technical skills, substantive experience, both commercial and practical.’
‘Yong Ren is extremely helpful and supportive and provides excellent service under tight timeline.’
‘Jay Tai is a good partner who is able to mobilise the relevant resources to provide the necessary services to clients.’
Key clients
Schroder Capital
Schroder Capital – Elastic Run in India
Adams Street Partners
OCBC
Partners Group
Bow Wave Capital Management – Mynt
Bow Wave Capital Management – Others
B.M. Group
Greater Bay Area Homeland Development Fund
Lunar Capital
Haitong International Securities Group
CCB International Asset Management Limited
RRJ Capital
Work highlights
- Advised Schroder Capital, a British multinational asset management company, in its Series D investment in NTEx Transportation Services Private Limited (“Elastic Run”), an India-based e-commerce platform.
- Advised OCBC in the formation of a joint venture consortium and equity investment in a leading drone manufacturer in China, which has a post-money valuation of $15bn.
- 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.
Hong Kong > Corporate (including M&A) Tier 6
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
Testimonials
‘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
Biomats
Accor – Huazhu
Accor – Ennismore
Accor – Faena Group
Schroder Capital – Elastic Run in India
Galaxy Entertainment Group (“GEG”)
OCBC
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.
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.
Proskauer Rose LLP > Firm Profile
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
Main Contacts
| Department | Name | Telephone | |
|---|---|---|---|
| Yuval Tal |