Formed in 1866, Sidley Austin is a Chicago-based international law firm with over 2000 lawyers across 20 global offices. In Asia-Pacific the firm has 200 legal professionals in Hong Kong, Shanghai, Beijing, Singapore, Sydney and Tokyo. Its Hong Kong office was established in 1994.
Focusses / specialisms
The firm offers US, Hong Kong and English legal advice to its clients and excels transactionally in the equity capital markets, the debt—especially high-yield bond issuances—capital markets, investment funds, M&A and private equity.
Key clients of the firm include Springland International Holdings, Vivo Capital, CanSino Biologics, Kaisa Group Holdings Company, Standard Chartered Bank, DBS Bank and Fosun International.
Research period review: 30th edition (2019/2020)
The firm’s equity capital markets practice was very active during the research period advising on Hong Kong IPOs, share placements and rights issues; while the debt team handled corporate bond issuances alongside high-yield, convertible and green bond issues.
The M&A team acted in take-privates, joint ventures, disposals and acquisitions in the transport, real estate and construction industries. In private equity the firm assisted clients in various rounds of funding and in investments.
Deal highlights: 30th edition (2019/2020)
-China Evergrande Group Rmb13.2 billion acquisition of Shengjing Bank
-Fosun International €400 million 4.35% high-yield bond issue
-HiFiBiO Therapeutics $67 million series C financing
-Kaisa Group Holdings $400 million 11.95% high-yield bond issue
-Shanghai Henlius HKSE IPO
-Springland International Holdings HK$4.5 billion take-private
-Vodafone Idea $3.5 billion rights issue
-Zhongliang Holdings HKSE IPO