Carlyle law firm news

Simpson Thacher & Bartlett is the latest in a long line of elite US firms to undergo localisation following the moves of other Hong Kong-based US firms – most recently Davis Polk and Latham & Watkins which underwent the same process in 2010.

US firm K&L Gates has quintupled its Tokyo headcount from the same time last year, as ten lawyers from Clifford Chance – the largest group of Japanese lawyers to move en masse between international players in Tokyo – joins the firm.

A deal that is indicative of a turn in tide for the shipping sector, Shearman Sterling, Latham & Watkins and K&L Gates have all play a role in advising one of the biggest shipping-related private equity financing deals to date.

Deal highlights from the last week from ALB

Yashili, the third-largest (by sales) Chinese infant-formula maker, has recently launched its US$348m IPO on the Hong Kong Stock Exchange.

雅士利国际控股近日在香港联合交易所主板正式挂牌上市，通过此次首发共筹得3.48亿美元。

ALB investigates the changing face of private equity activity in Australia

While global PE investors rush to set up their RMB funds, lawyers are also seeing their private equity expertise migrate from advising offshore funds to domestic funds. How fast have lawyers caught onto their PE game and how determined are they to make it a purely Chinese affair? ALB investigates

Singapore firm WongPartnership and Freehills have acted for private equity firms Carlyle Group and TPG Capital in their successful takeover battle for private hospitals operator and pathology provider Healthscope.

Following closely in the footsteps of private equity rivals Carlyle and Blackstone, US firm TPG is preparing to raise US$740m for its first RMB-denominated fund in Shanghai.

美国私募股权基金德州太平洋集团将与上海浦东区政府合作，推出其第一支人民币基金，目标规模为50亿元。

The trend towards localisation – using RMB to raise funds, make acquisitions and exit – has picked up momentum this year and brings about an abundance of new opportunities for local firms.

今年上半年共有26支新人民币私募股权基金完成募集。人民币私募股权基金业的强劲发展将会给国内专业律所带来更多机遇。

ALB investigates the changing face of private equity activity in Australia.

Minter Ellison is advising private hospital and pathology services provider Healthscope on its much-publicised A$1.8bn takeover offer from a private equity consortium.

The head of Paul Hastings’ China PE practice Maurice Hoo has left the firm to become the co-head of global PE for Orrick in Hong Kong

前任美国普衡中国私募领头Maurice Hoo近日加盟了奥睿律师事务所， 担任国际私募领域的联席合伙人。

Gibson Dunn & Crutcher, Dewey & LeBoeuf, Clifford Chance and Hourani & Associates have closed a rare PE transaction for The Carlyle Group amidst a tough PE market in the Middle East

While the rest of the world takes a year-long hiatus from making private equity transactions, China’s domestic PE industry, now led by domestic players, remains active and is fast evolving. A strong private equity market will not only drive economic growth but also foster a more sophisticated domestic PE legal fraternity.

China is hurtling along the path of technological advancement and investors are facing a whole new world of opportunity and growth