Davis Polk & Wardwell is a New York-headquartered law firm with 982 lawyers across 10 offices in North and South America, Europe and Asia. Catering to its clients with Chinese interests the firm has offices in Hong Kong and Beijing.
In Hong Kong and China the firm is best known for its equity and debt capital markets work, M&A and private equity across the technology media and telecommunications, banking, consumer goods, energy, healthcare and real estate sectors.
Key clients of the firm include LIZHI, Venus Medtech (Hangzhou), Tencent Holdings, China Yongda Automobiles Services Holdings, Tianfeng Securities, CNOOC, Baidu Holdings and I Squared Capital.
In the past 12 months, the capital markets team has kept busy advising on Hong Kong and New York IPOs, private placements, secondary offerings, bond issues including high-yield and convertible issuances.
In private equity the firm has assisted clients in various rounds of funding and its corporate team has acted in take-private mandates, investments, joint ventures and acquisitions in the automotive, logistics, energy and healthcare sectors.
-China Yongda Automobiles Services Holdings $116 million acquisition of Inchcape Asia Pacific
-CITIC Capital Acquisition NYSE IPO
-I-Mab Nasdaq IPO
-JD.com $1 billion dual-tranche (3.375%, 4.125%) bond issue
-Petronas $300 million acquisition of Amplus Energy Solutions
-Tuhu Car $300 million series F financing
-Venus Medtech HKSE IPO
-Xi’an Aerospace High-Tech Industry Development $100 million 6.50% bond issue
Client feedback: 30th edition (2019/2020)
Capital markets: Debt
“We have been in a good relationship since 2017 when we had our first USD issuance. Davis Polk & Wardwell explains everything professionally and with great patience. The lawyer understands well the cultural difference and hence develops good communication between the issuer and the underwriters.”
“Professionalism as always.”
“DPW is professional, knowledgeable and very familiar with the transactions structures and potential issues.”
“Thought leaders in the field. Gerhard knows the law inside out and pairs that with an astutely commercial take on things, recognising that in Asia there are always complicating factors. At the same time, he's also always willing to provide his views even on trades where DPW are not formally engaged and they are an invaluable source in that respect. They are generally timely in their work product and it is of a high quality.”
“They are efficient, prompt to respond, responsible and proactive.”