About the Office

Our Hong Kong office, which opened in 1993, was one of the first offices opened by a major Wall Street firm in Hong Kong. The office currently consists of 4 partners and 21 associates, and has been involved in many of the most important and high-profile capital markets and M&A/private equity transactions in China and elsewhere in Asia.

More >

Recognition

Davis Polk was named “Private Equity Team of the Year” at the International Financial Law Review’s 2010 India Awards.
Davis Polk ranked:
- 1^st among U.S. firms in Asia (excl. Japan) equity IPO manager advisers in the first quarter of 2010 (Bloomberg)
- 1^st among U.S. firms in Asia (excl. Japan) bonds manager advisers in the first quarter of 2010 (Bloomberg)
- 1^stamong U.S. law firms in Asian (excl. Japan) M&A transactions announced in the first quarter of 2010 (Bloomberg)
- 1^st among U.S. law firms in Asia Pacific (excl. Japan) M&A transactions announced in the first quarter of 2010 (Thomson Reuters)
- 1^st among U.S. law firms in Asia-Pacific (excl. Japan) buyouts announced in the first quarter of 2010 (mergermarket)
- 1^st among U.S. law firms in Indian M&A transactions ranked by deal count announced in the first quarter of 2010 (Thomson Reuters)
- 3^rd among U.S. law firms in South East Asian M&A announced in the first quarter of 2010 (mergermarket)
Davis Polk received three awards at the China Law & Practice Awards for 2009:
- 2009 International Capital Markets Team of the Year
- Debt and Equity-Linked Deal of the Year (Sino-Forest Corporation convertible notes offering)
- Equity Deal of the Year (Solarfun Power SEC-registered dribble-out offering)
Davis Polk advised Advanced Semiconductor Engineering on its going-private buyout of ASE Test, a deal that was named "Taiwan Deal of the Year" by Asia Legal Business.
"The Hong Kong group is also regarded as ‘by far and away the number-one high-yield practice in the region.’” Chambers Asia (2009)
Four of our Hong Kong-based partners were listed as leading lawyers across a range of practice areas, including securities, M&A and private equity, by Chambers Global (2009).

Recent Matters

$5.3 billion global offering by Metallurgical Corporation of China (MCC), a Chinese engineering and construction company, of H shares, consisting of an initial public offering on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S, with a concurrent offering of A shares listed on the Shanghai Stock Exchange. This is the largest IPO in Hong Kong and the second-largest IPO in the world to date in 2009.
$2.5 billion initial public offering of Sands China Ltd., a subsidiary of Las Vegas Sands and a developer, owner and operator of integrated resorts and casinos in Macau.
$2.8 billion rights offering by DBS Group Holdings Ltd., owner of DBS Bank, the largest bank in Southeast Asia.
$2 billion Schedule B debt offering by The Korea Development Bank, a government-owned financial institution that supplies capital for the financing of major industrial products.
$2 billion Schedule B debt offering by The Export-Import Bank of Korea, an official export credit agency providing comprehensive export credit and guarantee programs to support Korean enterprises in conducting overseas business.
We advised China Investment Corporation (CIC), the Chinese sovereign wealth fund, in connection with its $1.9 billion investment in PT Bumi Resources Tbk (Bumi), the largest coal mining company in Indonesia.
We advised Charles River Laboratories, a Wilmington, Massachusetts-based leading global provider of research models and associated services and of preclinical drug development services, on its approximately $1.6 billion proposed acquisition of WuXi PharmaTech, a Chinese drug research and development outsourcing company.
$1.04 billion initial public offering by Shanda Games Limited, a leading Chinese online game developer and operator, and its parent, Nasdaq-listed Shanda Interactive Entertainment Limited, on an initial public offering of American Depositary Shares. This was the largest initial public offering in the United States by a Chinese company in 2009.
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.

More >

$1.1 billion acquisition by Shionogi & Co., a Japanese pharmaceutical company, on its acquisition of Sciele Pharma, a U.S. midsize pharmaceutical company.
$938 million underwritten rights offering by Shinhan Financial Group, the largest Korean financial institution by market capitalization. The offering is the largest rights offering out of Korea.
$784 million acquisition by Advanced Semiconductor Engineering of ASE Test in a going-private transaction. Advanced Semiconductor Engineering, based in Taiwan, is one of the world’s largest independent providers of integrated circuit-packaging services and, together with its approximately 51%-owned subsidiary ASE Test, the world’s largest independent provider of integrated circuit-testing services.
We advised Quadrangle Capital Partners on a $300 million combined equity and debt financing by a Quadrangle-led consortium of private equity investors in Tower Vision, an Indian telecom tower management company. Seven other equity co-investors invested alongside Quadrangle. This investment marks Quadrangle’s first transaction in Asia.
12.5 billion Philippine peso (approximately US$261 million) Rule 144A/Regulation S offering by Metro Pacfic Investments Corporation (MPIC), a leading diversified infrastructure holding and management company in the Philippines, of common shares listed on the Philippine Stock Exchange. This is the first significant equity offering from the Philippines in 2009 and the largest Philippine equity offering since July 2007.
We advised Webzen on its merger with NHN Games Co. Both companies are Korean developers and service provider of massively multiplayer online games.
$138 million offering by Changyou.com Limited, an online game developer and operator in China, and its parent, Nasdaq-listed Sohu.com, a Chinese language search engine, of American depositary shares. This was the first initial public offering on Nasdaq and the second initial public offering in the United States in 2009.

< Less