Ropes & Gray Continues to Build Momentum in Hong Kong
Lawyers Advise on China NT Pharma IPO, Quanta Computer-3M Joint Venture
HONG KONG (April 20, 2011)— Global law firm Ropes & Gray announced that it represented TPG Capital in the US$200 million global initial public offering and listing on the Main Board of the Hong Kong Stock Exchange of its portfolio company China NT Pharma Group Co., Ltd – the firm’s Hong Kong office’s second major corporate transaction to close in two weeks.
China NT Pharma, a vaccine and pharmaceutical product distributor based in China, was listed on the Hong Kong Stock Exchange beginning April 20. Ropes & Gray’s Hong Kong team also advised TPG in its original investment and ongoing role in China NT Pharma.
The China NT Pharma IPO is Ropes & Gray’s second corporate transaction to close in Hong Kong in two weeks. On April 8, a joint venture between Ropes & Gray client Quanta Computer of Taiwan and the 3M Company of the United States was completed. The new joint venture, to be based in Singapore, will develop and market touch screen technology solutions for the personal computer market.
The two closings are the latest in a series of transactions Ropes & Gray has advised on from Hong Kong. The firm previously advised TPG in its investment in China Vogue Casualwear, a Shishi, China-based distributor and retailer of casual wear and represented TPG as selling shareholder in the NYSE IPO of ShangPharma, a Shanghai-based contract research organization that provides a portfolio of services to global pharmaceutical and biotech companies.
Ropes & Gray is a recognized global leader in private equity, M&A, finance, investment management, securities litigation, complex business litigation, government enforcement, health care, life sciences, intellectual property, and tax, among other practices. The firm has offices in leading financial and business centers around the world, including Hong Kong, Tokyo, London, New York, Washington, D.C., Boston, San Francisco, Silicon Valley and Chicago.
Ropes & Gray has had a strong impact in Asia since opening offices in Tokyo in 2007 and Hong Kong in 2008, and has recently further strengthened its transactional capabilities in the region. In 2010, Asian Legal Business honored the firm's Hong Kong-based lawyers for their role in China's "M&A Deal of the Year," GCL-Poly Energy Holdings Ltd.'s $3.4 billion acquisition of Jiangsu Zhongneng, and the publication honored the firm two years in a row, in 2009 and 2010, with the "Japan Technology, Media and Telecommunications Deal of the Year Award.”