Winston & Strawn

Hong Kong

IFLR1000 Reviews

Financial and corporate

Established in Chicago in 1853, Winston & Strawn is one of the largest and oldest firms in the city. It has nine offices in the United States and six offices in Europe and Asia. With offices in Shanghai and Hong Kong the firm assists its global and Asia-based clients navigate inbound and outbound opportunities in Greater China. 

The firm’s transactional practice is most active in M&A and equity capital markets work, particularly in structuring special purpose acquisition companies (SPACs) where it has a niche enabling its clients to go public as an alternative to the traditional IPO process.

Key clients of the firm include New Frontier Corporation, Diginex, Koppers Holdings, Universal Star Holdings, Kingsway Capital, SPDB International Capital and Aidigong Maternal & Child Health.

During the research period the firm kept busy structuring SPACs, advising on Hong Kong IPOs—and proposed listings—share, rights and bond issues, while the M&A team advised on exits, stake acquisitions, healthcare and automotive acquisitions, distillation facility sales, share exchanges, corporate restructuring mandates, stake acquisitions, investments and subsidiary sales.

The firm’s corporate practice brought in partner Khoon Jin Tan from Wilson Sonsini Goodrich & Rosati and saw Marco Pocci depart for Stephenson Harwood.

Deal highlights

-Fangda Carbon New Material $107 million acquisition of Koppers (Jiangsu) Carbon Chemical Company 

-Lamtex Holdings HK$50 million 4% bond issue

-Moody Technology Holdings HK$15.5 million bond issue 

-New Frontier Corporation $1.44 billion acquisition of United Family Healthcare

-Universal Star Holdings HKSE IPO