As one of the leading firms for M&A work in China, we are renowned for our work advising on complex cross-border transactions. We also advise on both public and private M&A, joint ventures, spinoffs, privatizations, direct investments, buyouts and private equity. As more and more Chinese clients look to expand outside of China, we are able to fully support them, both locally and wherever they may seek opportunities to expand globally, including the U.S., Europe, Asia, Africa and South America.

Recognition

Davis Polk is ranked among the leading law firms in M&A transactions in China and throughout Asia. Clients remark: “’I would always use Davis Polk for an international deal – its execution was really seamless…’” Chambers Global 2010
All of our Beijing-based partners were listed as leading lawyers across a range of practice areas, including M&A, venture capital and securities, by Chambers Global 2010 and Chambers Asia 2010.

Notable Matters

AIG/AIA/Prudential. We advised the Federal Reserve Bank of New York in connection with AIG’s $35.5 billion unsuccessful sale of AIA, AIG’s Asian life insurance unit, to Prudential plc, a U.K.-based retail financial services company with operations in the U.K., Asia and U.S.
China Investment Corporation/Bumi Resources. We advised China Investment Corporation (CIC), the Chinese sovereign wealth fund, in connection with its $1.9 billion investment in PT Bumi Resources Tbk, the largest coal mining company in Indonesia.
Charles River Laboratories/WuXi PharmaTech. We advised Charles River Laboratories on its approximately $1.6 billion proposed acquisition of WuXi PharmaTech, a leading ONG research and development outsourcing company with operations in China and the United States.

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Hejian Technology/United Microelectronics Corp. We advised Hejian Technology, a semiconductor foundry based in Suzhou, China, on a $285 million acquisition of 85% of the outstanding shares of the company by United Microelectronics Corp., the second-largest semiconductor foundry in the world.
COFCO Limited/Smithfield. We advised COFCO Limited, China's largest national agricultural trading and processing company, in connection with its acquisition of 7,000,000 shares, or 4.95% of Smithfield's common stock. Smithfield is a leading processor and marketer of fresh pork and packaged meats in the United States, as well as the largest producer of hogs.
Tianwei New Energy/Hoku Scientific. We advised Tianwei New Energy, a Chengdu, China-based supplier of solar power products, including silicon wafers and photovoltaic cells, modules and systems, in connection with its majority investment in Hoku Scientific, a Honolulu, Hawaii-based Nasdaq-listed, clean energy company.
PCCW Limited/Starvest. We advised PCCW Limited, a telecommunications company based in Hong Kong, on an unsuccessful privatization proposal by way of a scheme of arrangement to be made jointly by Starvest, a Singaporean investment company, and China Netcom, a Chinese telecommunications company.
Canon Investment Holdings/Altair Nanotechnologies. We are advising Canon Investment Holdings, a Zhuhai, China-based holding company for Yintong Energy, an advanced manufacturer of high-capacity and high-power lithium battery products, on its $48.9 million acquisition of a majority interest in Altair Nanotechnologies, a Reno, Nevada-based provider of fast response battery systems technology.
Shanda/Hurray!. We advised Shanda Interactive Entertainment Limited, a Shanghai-based interactive entertainment media company, on its approximately $46.2 million acquisition of a 51% controlling interest in Hurray! Holding Co., Ltd., a Beijing-based Internet software and services company.
BearingPoint. We advised McLean, Virginia-based BearingPoint, a global consulting firm, in connection with its $25 million sale of its North American Commercial Services business and associated Global Delivery Centers to PricewaterhouseCoopers. The transaction included a sale of BearingPoint's entire equity interest in BearingPoint Information Technologies (Shanghai) Limited, its wholly owned China global development center, and a sale by BearingPoint Business Consulting Pvt Ltd of substantially all of the assets of its India global development center.
Hurray!/Ku6. We advised Hurray! Holding Co., a Beijing-based Internet software and services company, on its acquisition of Ku6 Holding, an operator of an online video portal in China.
China Lodging Group/Ctrip.com. We advised China Lodging Group, a Chinese hotel chain operator, and 11 of its shareholders on the sale of over 18.8 million shares of China Lodging to Ctrip.com International, one of the largest online travel services providers in China.
Far Eastern Textile/INVISTA. We advised Far Eastern Textile, a Taiwanese industrial conglomerate that offers its products and services primarily in Asia, the United States and Europe, in connection with its acquisitions, through its subsidiaries, of a 70% stake in INVISTA Far Eastern Petrochemicals (IFEP) and a 50% stake in INVISTA Far-Eastern Company (IFC). IFEP and IFC are joint ventures between affiliates of Far Eastern Textile and Koch Industries, a Wichita, Kansas-headquartered industrial conglomerate.
Shanda. We advised Shanda Interactive Entertainment in connection with the separation of its online games business from the rest of Shanda's business. Immediately following the separation, Shanda held 100% of the shares of Shanda Games, which holds all of the online games businesses of Shanda.

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