Weil, Gotshal & Manges LLP > Hong Kong, Hong Kong > Firm Profile

Weil, Gotshal & Manges LLP
29TH FLOOR, ALEXANDRA HOUSE
18 CHATER ROAD, CENTRAL
HONG KONG
Hong Kong

Hong Kong > Private equity Tier 1

Weil, Gotshal & Manges LLP has a dedicated private equity offering in Hong Kong focusing on large-scale cross-border transactions. It is in demand for its blend of expertise in private equity and corporate transactions combined with 'very hands-on advice and support'. The team covers a broad range of deals including high-value public company privatisations and minority investments. Meanwhile, the firm’s strong debt financing and leveraging capacity is well-suited to the needs of private equity sponsors, and a deep understanding of regional markets allows the firm to operate for its network of global clients across the APAC region. Practice leader Tim Gardner, and Chris Welty, regularly advise the firm’s key corporate and sponsor clients on complex leveraged and managed buyouts, public-to-privates, joint ventures, minority investments and cross-border deals.

Practice head(s):

Tim Gardner

Other key lawyers:

Chris Welty; Henry Ong; Sandy Lin

Testimonials

‘The team at Weil is dedicated and operates smoothly under Tim Gardner’s leadership.  Tim Gardner has supported our firm on a number of complex transactions. He shows dedication and commitment and always provides very hands-on advice and support.’

‘We can count on Tim for his very thorough but also commercial-minded advice. Strong in private equity and M&A. Good teamwork.”

‘Strong commercial sense and problem-solving capabilities Tim Gardner, as the lead partner, is hands-on, smart, and commercial. He demonstrates strong problem-solving capabilities. I will strongly recommend him.’

Key clients

Advent International

Alibaba Group

Baring Private Equity Asia

Dream Cruises

FountainVest Partners

Gores Guggenheim Inc.

Hillhouse Capital

MBK Partners

Ocean Link Partners

Ontario Teachers’ Pension Plan Board

PAG

Primavera Capital

Public Sector Pension Investment Board

TPG Capital Asia

TPG Growth

Warburg Pincus

Work highlights

  • Advised the co-founder and CEO of 51job in the $4.3bn take-private of 51job by a buyer consortium, consisting of 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 in the design, development and manufacture of cosmetic packaging, to Carlyle.
  • Advising Gores Guggenheim, a SPAC sponsored by affiliates of The Gores Group and Guggenheim Capital, in its pending $20bn business combination with Polestar Performance AB which is currently owned by Sweden-based Volvo Car AB and Zhejiang Geely Holding.

Hong Kong > Corporate (including M&A) Tier 2

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):

Other key lawyers:

Testimonials

‘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.

Hong Kong > Restructuring and insolvency Tier 3

Weil, Gotshal & Manges LLP was recently joined by the restructuring and insolvency group from Ropes & Gray LLP, led by Kathleen Aka. The move has strengthened the Hong Kong branch of the firm’s global restructuring outfit and brought a dedicated group of restructuring practitioners within the fold who can deal with the full life cycle of high-profile restructuring and insolvency matters without sourcing expertise elsewhere. The team has been active for a number of bondholders in relation to China property development restructurings, and rising star Tara Hamilton acts for a range of stakeholders involved in distressed situations, advising on a broad spectrum from informal restructuring of distressed entities, through to formal in-court insolvency processes and recovery.

Practice head(s):

Kathleen Aka

Other key lawyers:

Tara Hamilton; Minna Zhang

Testimonials

‘The R&I team in Asia is solid and has become a leading market player since Kat Aka joined the firm. She has built a team that has presence and strength and depth.’

‘The team, led by Kathleen Aka who is outstanding, has a great client base and produces a first-rate work product.’

‘Weil is expensive, but you truly get what you pay for.’

‘Kathleen Aka is outstanding. Her right-hand woman is counsel Tara Hamiliton. Tara is excellent both technically and in terms of dealing with clients and barristers. Associate Minna Zhang is clearly one to watch for the future.’

‘Kat Aka is commercial and a pleasure to work with.’

Key clients

Cosimo Borrelli

Senior secured holders of notes issued by Smart Edge Limited

Ad hoc group of holders of notes issued by China Aoyuan Group

Work highlights

  • Advising ad hoc group of holders of various offshore bonds issued by China Aoyuan Group in relation to a bond-linked payment default and potential restructuring of the offshore indebtedness of China Aoyuan Group.
  • Advising senior secured holders of notes issued by Smart Edge Limited (Company) in its obligations under the HK$6.8b senior secured notes.
  • Advising receivers and managers of Smart Edge Limited in relation to various contentious and non-contentious aspects of the receivership appointment by secured creditors after Smart Edge Limited defaulted in its obligations under the HK$6.8b senior secured notes.

Hong Kong > Banking and finance Tier 4

Leveraging the firm’s strong M&A capability, as well as handling financing transactions independent of the firm’s role on the corporate front, Weil, Gotshal & Manges LLP‘s three-strong Hong Kong team is best known for its leveraged finance advice to regional and international private equity firms, including TPG Capital and MBK Partners. Counsel Kevin Yao takes the lead on much of the work, where he frequently collaborates with other international offices including London and New York.

Practice head(s):

Key clients

Baring Private Equity

Brooks Brothers

Dream Cruises

FountainVest Partners

MBK Partners

Montagu Private Equity

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

Ontario Teachers’ Pension Plan Board

TPG Capital

Work highlights

  • Advised Mr. Rick Yan (Co-founder and CEO of 51job, Inc.) in the $1.90bn leveragedfinancing for the take-private of 51job, Inc. as well as the $450m founder financing to fund Mr. Rick Yan’s capital contribution in respect of the take-private.
  • Advised Baring Private Equity Asia in the financing aspect of its sale of HCP Packaging to Carlyle.
  • Advising Asian private equity sponsors as members of consortium in $3.3bn restructuring of Genting Hong Kong group and Dream Cruises business.

China > Corporate and M&A: foreign firms

Under the leadership of Charles Ching, Weil, Gotshal & Manges LLP has made a name for itself in handling public M&A involving Chinese companies and US markets, advising on take-privates as well as SPAC deals. The group is also noted for its work representing foreign investors, particularly private equity houses, on buyouts of Chinese companies. The team is active on deals involving the fast-growing sectors of healthcare and logistics, as well as the politically sensitive semiconductor industry. Alongside Ching, Yujing Liu is recognised for her work on outbound investments and was promoted to counsel in January 2022.

Practice head(s):

Charles Ching; Tim Gardner

Other key lawyers:

Key clients

Advent International

Alibaba Group

CBC Group, formerly C-Bridge Capital

Gores Guggenheim Inc.

MBK Partners

Micron Technology, Inc.

Morgan Stanley

NWS Holdings

Sun Capital Partners

Tianjin Zhonghuan Semiconductor Co., Ltd. (“TZS”)

Work highlights

  • 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, which is currently owned by Sweden-based Volvo Car AB and Zhejiang Geely Holding.
  • Advising CBC Group, formerly C-Bridge Capital, as the lead investor on the consortium aspects in connection with its acquisition of approximately 43% equity in Yaneng Bioscience (Shenzhen) Co., Ltd.
  • Advising Advent International in connection with its acquisition of a majority ownership interest in Shanxi Guangsheng Medicinal Capsule Co., Ltd (GS Capsule), the largest domestic capsule provider in China, from Meihua Holdings Group and co-investors.

China > Private equity: foreign firms

Weil, Gotshal & Manges LLP‘s Greater China team is sought out for big-ticket domestic and cross-border acquisitions, mergers, takeovers, privatisations, disposals, distressed M&A, spin-offs and joint ventures; and its expertise ranges from auctions, exits, take-privates and growth investments, to secondary deals, PIPEs, and other public transactions. Key private equity clients for Shanghai and Beijing-based China practice head, Charles Ching, include Advent International, CBC Group, FountainVest Partners, Primavera Capital, Warburg Pincus, and other international and regional-based sponsors. At counsel level, Beijing’s 2022-promoted Yujing Liu focuses on advising Chinese companies on their outbound investments into Europe and Asia; and in Shanghai, Kenny Yu focuses on competitive and proprietary buyouts, disposals, joint ventures, growth equity investments, PIPE transactions, and private equity fund formation. Over in Hong Kong, office managing partner Tim Gardner regularly advises global, pan-Asia and local private equity sponsors and corporate clients on deals in the Asia-Pacific region.

Practice head(s):

Charles Ching; Tim Gardner

Other key lawyers:

Key clients

Advent International

Alibaba Group

Baring Private Equity Asia

CBC Group

FountainVest Partners

Gores Guggenheim

MBK Partners

PAG

Primavera Capital

Sun Capital Partners

Warburg Pincus

Work highlights

  • Advised Gores Guggenheim on its pending $20bn business combination with Polestar Performance, a Sweden-based manufacturer of premium performance electric vehicles.
  • Advised CBC Group on the consortium aspects of the acquisition of approximately 43% equity in Yaneng Bioscience (Shenzhen) Co.
  • Advised Advent International on its acquisition of a majority ownership interest in Shanxi Guangsheng Medicinal Capsule Co from Meihua Holdings Group and co-investors.

The firm: Weil is one of the leaders in the marketplace for sophisticated, global legal services. With 15 offices and 1,100 lawyers across Asia, Europe, the US and the Middle East, the firm advises many of the world’s most successful organisations on complex, multi-jurisdictional corporate transactions as well as litigation and restructuring matters.

Weil has one of the deepest benches of deal-making experience in Asia, led by top-ranked M&A and private equity lawyers and backed by an international finance practice. The firm’s lawyers are qualified in the US, HK, the PRC, New South Wales and the UK.

Main areas of practice: Weil’s Asia practice focuses on corporate transactional matters, including mergers and acquisitions, private equity, leveraged and acquisition finance. It advises leading multinationals, private equity firms, hedge funds and financial institutions on transactions across the entire Asia-Pacific region. With its ‘one-firm’ approach, Weil’s Asia-based lawyers also work closely with lawyers from its other global offices to offer expertise on international tax, intellectual property, securities laws, restructuring and EU and US competition and regulatory matters.

Mergers and acquisitions: As part of a global M&A practice that is consistently ranked among the top tier both internationally and in each key market, Weil’s M&A group in Asia has comprehensive experience in complex cross-border mergers and acquisitions matters. The firm advises multinational corporate clients, SOEs and regional corporate clients on their inbound and outbound transactional matters, including HK, PRC and US public and private acquisitions and dispositions, takeovers, joint ventures, strategic alliances, tender offers and public-to-private transactions.

Private equity: Weil is a pioneer in private equity with experienced teams in the US, Europe and Asia representing first-tier private equity sponsors and investors on the full range of private equity matters.

The firm’s private equity lawyers in Asia have extensive experience advising the leading global and Asia regional players in the international private equity arena on all types of private equity transactions, including buyouts, growth capital investments, PIPEs, public-to-private transactions, recapitalisations, financings and divestitures.

Finance: Weil’s leading finance practices include premier global leveraged and acquisition lawyers and highly ranked capital markets and structured finance teams in Asia, Europe and the US.

The firm’s finance team in Asia frequently represent sponsors, corporate clients and financial institutions on all aspects of complex cross-border debt financing matters, including leveraged and acquisition financing, syndicated loans, recapitalisations, restructurings and special situations lending.

Restructuring: Weil invented much of what has become standard practice in the restructuring field. For more than 50 years, Weil has played a pivotal role in defining this field by offering creative, practical and thoughtful solutions for its clients. Weil’s global Restructuring group of more than 100 dedicated lawyers coordinate across the US, Europe and Asia to provide clients with tailored, seamless advice to complex cross-border restructurings.

Our Asia team counsels clients across industries on a range of distressed situations; we bring extensive experience advising both debtors and creditors in relation to contentious and non-contentious restructuring and insolvency matters in the Asia-Pacific region.

DepartmentNameEmailTelephone
Managing Partner, Hong Kong Tim Gardnertim.gardner@weil.com+852 3476 9218
PhotoNamePositionProfile
Kathleen Aka photo Kathleen AkaClich here for attorney bio.
Tim Gardner photo Tim GardnerClick here for attorney bio.
Sandy Lin photo Sandy LinClick here for attorney bio.
Yujing Liu photo Yujing LiuClick here for attorney bio.
Henry Ong photo Henry OngClick here for attorney bio.
Chris Welty photo Chris WeltyClick here for attorney bio.
Kevin Yao photo Kevin YaoClick here for attorney bio.
Number of Lawyers Worldwide : 1,100
English
Chinese (including Cantonese and Mandarin)