Ropes & Gray Honored with Two Asian Legal Business Korea Awards
Ropes & Gray was named a winner in two categories at the 2016 Asian Legal Business Korea Law Awards, held Nov. 17 in Seoul. The firm was honored with awards for “M&A Deal of the Year (Premium)” and “Korea Deal of the Year” for its work on Tesco’s $6.4 billion sale of Korean supermarket chain Homeplus to a consortium that included MBK Partners, CIPPB and Temasek. The Ropes & Gray team was led by private equity partner Jaewoo Lee (Seoul).
The transaction, the largest Asia-Pacific private equity deal of 2015 and the largest buyout in South Korea, was also recently named a 2016 “M&A Deal of the Year” by The Asian Lawyer and the winner of Asia Legal Awards’ “Grand Prize M&A Deal of the Year.”
When it opened in July 2012, Ropes & Gray’s Seoul office became the first Foreign Legal Consultant Office in Korean history. The new office has deepened ties between the firm and its Korean clients, strengthening relationships built over the course of a decade.
The office has quickly earned top rankings for its range of practices of particular importance to Korean companies, including commercial litigation, arbitration, U.S. government regulatory issues and corporate transactions. Its clients include Korean multinational companies and their U.S. subsidiaries, as well as Korean technology firms.