Ropes & Gray Honored for Role in China's "M&A Deal of the Year"

Practices: Mergers & Acquisitions, Life Sciences Mergers & Acquisitions

Ropes & Gray was recognized by Asian Legal Business for its role in China's "M&A Deal of the Year" for 2009 at an awards ceremony on April 16, 2010. In one of the largest Chinese M&A deals of 2009, Hong Kong-listed GCL-Poly Energy Holdings Ltd. acquired Jiangsu Zhongneng, a Chinese company that was more than 10 times GCL-Poly's own market value, for $3.4 billion.

Ropes & Gray represented the majority exchangeable bondholder in connection with Jiangsu Zhongneng's debt restructuring and subsequent consolidation with GCL-Poly; the transaction closed in July 2009.

The Hong Kong-based Ropes & Gray team included associate Jay Tai.

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