Skadden Arps Slate Meagher & Flom

China

IFLR1000 Reviews

Financial and corporate

Formed in 1948, Skadden Arps Slate Meagher & Flom is a New York-based international law firm with 1700 lawyers across 22 offices. The firm serves its clients’ Greater China interests from its offices in Hong Kong, Shanghai and Beijing with over 70 lawyers.  

Focusses / specialisms

The firm offers US, Hong Kong and English law advice from its Hong Kong office. High-end M&A and private equity are core to Skadden’s Hong Kong and China capabilities, and it is a go-to issuer counsel for Chinese companies involved in US and Hong Kong IPOs alongside its strong funds practice and finance piece. 

Key clients

Key clients of the firm include Trip.com Group, JD.com, Sinopec Group Overseas Development, SSG Capital Holdings, BeiGene, Pinduoduo and Ctrip.com International. 

Research period review: 30th edition (2019/2020)

During the research period the firm’s capital markets practice kept busy advising on Hong Kong and US IPOs, secondary offerings, private placements, corporate bond issues, and high-yield and convertible issuances. 

The funds team acted in private equity and venture capital fund formation and logistics funds work, while the finance team kept busy with borrower side acquisition finance.  

The corporate team handled take-privates, joint ventures, mergers, investments, spin-offs, and acquisitions in technology, telecommunications and education industries.   

In 2019 capital markets counsel Antony Dapiran departed from the firm to pursue his writing interests.  

Deal highlights: 30th edition (2019/2020)

-Baidu $1 billion $1 billion 3.425% dual-tranche bond issue

-eHi Car Services $938 million take-private

-iQiyi $1.2 billion 2% convertible bond issue

-JD Logistics Fund I

-Lufax Holding $200 million term loan facility 

-Pharmaron Beijing HKSE IPO

-So-Young International Nasdaq IPO

-YY $1.5 billion acquisition of Bigo