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Shearman & Sterling

12/F, GLOUCESTER TOWER, THE LANDMARK, 15 QUEEN'S ROAD, CENTRAL, HONG KONG
Tel:
Work +852 2978 8000
Fax:
Fax +852 2978 8099
Web:
www.shearman.com

Paul Strecker

Tel:
Work +852 2978 8038
Email:
Shearman & Sterling LLP

Work Department

Mergers & Acquisitions

Position

Paul Strecker, the head of Shearman & Sterling’s M&A group in Asia, represents buyers, sellers, special committees of independent directors and financial advisors in connection with M&A transactions, including take-private transactions, negotiated and hostile acquisitions of public companies, sales of private companies, subsidiaries and divisions, private equity transactions, leveraged buyouts, formation of joint ventures and asset sales. Paul’s M&A assignments have spanned a wide range of industries. Paul also leads the Asia private equity practice and has extensive experience advising U.S. and Asia-based private equity funds and sovereign wealth funds, including Ashmore Group, Bain Capital, Canada Pension Plan Investment Board, China Investment Corporation, CITIC Capital, CVC Asia Pacific, International Finance Corporation, Ontario Teachers’ Pension Plan and Tiger Group, on investments in Asia. Paul is a leading adviser on take-private transactions in Asia, having been involved in numerous transactions, including those relating to AsiaInfo-Linkage, Camelot Information Systems, CNInsure, Focus Media, Funtalk, Harbin Electric, Hutchison Telecom, Jilin Chemical, LJ International, Pactera Technology, Simcere Pharmaceutical, Tongjitang Chinese Medicines, UTStarcom and 7 Days Group. He was named by IFLR’s Guide to the World’s Leading Law Firms 2013 as a leading lawyer for M&A and Private Equity in Hong Kong and China, and was also named as a leading lawyer for Corporate/M&A and Private Equity in China by Chambers Global and Asia 2013.

Member

Member, Young Presidents’ Organization (YPO)

Education

New York University School of Law, J.D., 1997; Oxford University, B.A., 1994


China: Corporate and M&A

Corporate and M&A: foreign firms

Within: Corporate and M&A: foreign firms

Shearman & Sterling LLP is highly rated for going-private transactions for US-listed Chinese companies. Examples include the team's advice to the board of directors of NYSE-listed Zhaopin on its sale to SEEK International Investments Pty, Zhaopin’s controlling shareholder, and Hillhouse Capital Group and Fountain Vest Partners. Lee Edwards is a senior M&A partner; Xiaogang (Sean) Wang regularly acts in high-profile M&A work in the energy sector; Li Chen divides her time between Hong Kong and Beijing. Hong Kong's Stephanie Tang and Paul Strecker are also highly regarded.

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Hong Kong

Corporate (including M&A)

Within: Corporate (including M&A)

Shearman & Sterling's team has vast experience in assisting clients across multiple sectors with cross-border transactions that require innovative structuring solutions. It has a particularly standout reputation in going-private transactions involving US-listed Chinese companies, having handled more than 40 of these matters since 2010; clients in this space include special committees of independent directors, acquirers and financial advisers. In 2017, a highlight involved acting for the board of directors at New York Stock Exchange-listed Zhaopin on its $1.02bn acquisition by SEEK International Investments (Zhaopin's controlling shareholder), Hillhouse Capital and FountainVest. In another mandate, Colin Law was the lead adviser to the controlling shareholder of Future Land Development Holdings on a $661m privatisation bid. Elsewhere, other bedrocks of the diverse practice include foreign direct investments into China, public and private M&A, as well as China outbound acquisitions of, and investments in, US and European corporates. Tang advised China-based Primavera Capital on its investment into Alibaba Group's logistics arm, Cainiao Smart Logistics Network Limited. Paul Strecker, who divides his time between the Hong Kong and London offices, acted for Tiger Group Investments on the sale of its Greater China joint venture with The Carlyle Group (and others) to Seaspan. The firm's other clients include Sanofi, GE Technology Development and sohu.com. Li Chen splits her practice between Beijing and Hong Kong. Greater China head Lorna Xin Chen is also recommended. Stephanie Tang joined Hogan Lovells.

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Private equity

Within: Private equity

Benefiting from numerous practitioners on the ground in Hong Kong, and able to leverage the expertise of lawyers in mainland China and throughout the firm's global network, Shearman & Sterling is well-placed to handle the full spectrum of private equity-related work (including fund formation, financing and corporate investment activity) for local and global sponsors, sovereign wealth funds and other entities. As well as acting for funds on investments in the Greater China region and throughout Southeast Asia, Stephanie Tang regularly advises large Chinese state-owned companies on their overseas M&A transactions and their strategic cooperation with foreign investors. Tang recently advised Primavera Capital Group on its investment in Cainiao Smart Logistics Network, the logistics arm of Alibaba Group. Splitting his time between the firm's Hong Kong and London offices, US and Hong Kong-qualified partner Paul Strecker has an excellent perspective of inbound and outbound Asia-related private equity matters for clients including Tiger Group Investments, which he recently advised in connection with the $450m sale of its Greater China Intermodal joint venture with The Carlyle Group and other members to Seaspan.

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