Law firm Seyfarth Shaw LLP announced today its plans to formally open an office in Shanghai during the summer of 2013. Seyfarth has seen an ever increasing demand for assistance in China from its multinational clients, particularly in its employment law and corporate departments. Responding to those demands, the opening of the Shanghai office represents the firm’s first move into Asia (more…)
The international law firm Weil, Gotshal & Manges LLP advised the Grohe Group, the world’s leading provider of sanitary fittings, on the increase of its shareholding in Joyou AG, the Chinese bathroom solutions provider listed in the Prime Standard of the Frankfurt Stock Exchange, to approximately 72.3 percent. As part of the realignment of the shareholder structure of Joyou AG, Messrs. Jianshe and Jilin Cai will trade their direct and indirect holdings in Joyou AG of approximately 36.5 percent for a stake in the Grohe Group (more…)
O’Melveny & Myers LLP represented leading international genomics organization BGI-Shenzhen (BGI) in its acquisition via all cash tender offer, followed by a short form merger, of Nasdaq listed Complete Genomics (Complete). The deal closed on March 18, 2013. It has been reported as the first time a Chinese company has successfully acquired a US public company (more…)
Kirkland & Ellis represents a consortium comprising affiliates of Carlyle Asia Partners III, L.P., Sequoia Capital China Growth 2010 Fund, L.P. and Actis LLP as well as certain management shareholders in Keystone Lodging Company Limited’s agreement to acquire 7 Days Group Holdings Limited (NYSE: SVN). The transaction contemplated under the merger agreement, announced on February 28, 2013, implies an equity value for 7 Days Group of approximately $688 million. 7 Days Group is a leading economy hotel chain based in China. The merger is expected to close in the second half of 2013, and if completed, will result in 7 Days Group becoming a privately held company and no longer listed on the NYSE (more…)
Allen & Overy LLP has advised Tokai Rubber Industries, Japan, on the acquisition of automotive supplier Anvis from H.I.G. Europe, the European arm of H.I.G. Capital, which focuses on small and medium-sized businesses. The transaction is still subject to clearance by the competent cartel authorities. The parties have agreed not to disclose the purchase price (more…)
The Shanghai office of global law firm Eversheds has appointed a team of four employment lawyers from Salans LLP. The team is led by Dr. Iris Duchetsmann, formerly Of Counsel and head of the China labour law team in Salans’ Shanghai office, who joins Eversheds as a partner (more…)
Shearman & Sterling is advising Cessna Aircraft Company, through its parent, Textron Inc., on its joint venture contracts with subsidiaries of China Aviation Industry General Aircraft Company Ltd., (CAIGA). One joint venture, to be based in Zhuhai, will conduct final assembly of Cessna Citation XLS+ aircraft for the China market. The other joint venture, to be based in Shijiazhuang, will conduct final assembly of Cessna Caravan utility turboprop aircraft for the China market. Formation of the joint venture companies remains subject to various government approvals and customary conditions (more…)
O’Melveny & Myers LLP advised the independent committee of ShangPharma Corporation, a leading China-based pharmaceutical and biotechnology research and development outsourcing company, in a merger agreement to take the company private (more…)
On 27 December, 2012, the leading Chinese automotive and equipment manufacturer Weichai Power Co., Ltd. (“Weichai Power”), a subsidiary of Shandong Heavy Industry Group, represented by King and Wood Mallesons has successfully completed the transaction with Kion Group (“Kion”), one of the world’s leading manufacturers of industrial trucks and a global leader in hydraulic technology (more…)
Kirkland & Ellis represents the independent committee of Focus Media Holding Limited in its definitive agreement announced today to be acquired in a going private transaction by Jason Nanchun Jiang, the company’s chairman and CEO; affiliates of and funds managed by Giovanna Investment Holdings Limited, an entity owned and controlled by Carlyle Asia Partners III, L.P.; Gio2 Holdings Ltd., an entity owned and controlled by FountainVest China Growth Capital Fund, L.P., FountainVest China Growth Capital Fund II, L.P., their respective parallel funds and affiliates; Power Star Holdings Limited, an entity owned and controlled by CITIC Capital China Partners II, L.P.; and State Success Limited, an entity owned and controlled by affiliates of China Everbright Structured Investment Holdings Limited. In addition, Fosun International Limited and/or its affiliates will become a beneficial owner of the surviving company after the transaction is completed (more…)
Leading international law firm Clifford Chance has advised CLP Holdings Limited on its US$982 million placing of new shares. The placing was done by way of a tender process whereby selected banks were invited to submit bids to underwrite the placing. The placing agents for this transaction were Goldman Sachs, J.P. Morgan and UBS (more…)
