James T. Lidbury
Jim Lidbury is a partner in Ropes & Gray’s Hong Kong office and Head of Asian mergers & acquisitions. Prior to relocating to Hong Kong in 2013, Jim was the managing partner of the firm’s Chicago office. Jim works with clients in all aspects of complex M&A, LBO and corporate governance situations with a particular focus on cross-border transactions involving Greater China and the United States.
- Represented China Oceanwide in connection with its acquisition of International Data Group, Inc. and its subsidiaries, International Data Corporation, IDG Communications and IDG Ventures.
- Represented Qunar in connection with Ctrip’s acquisition of Baidu’s controlling stake in Qunar. Finalist for “M&A Deal of the Year” for 2016 by ALM China Law and Practice.
- Representing the special committee of the board of directors of Taomee Holdings Limited in connection with a management-led going private proposal.
- Representing the independent financial adviser to the special committee of independent directors of NYSE-listed E-Commerce China Dangdang Inc. in connection with its US$380 million management-sponsored take private merger.
- Represented independent financial adviser to Sears Holdings in connection with the US$2.8 billion transaction to establish Seritage Growth Properties and effect the sale and leaseback of 235 Sears and Kmart stores.
- Represented Symmetry Medical Inc. in the spin-off of its Symmetry Surgical business and US$450 million sale of its OEM Solutions business to Tecomet Inc., a portfolio company of Genstar Capital. Subsequently represented Symmetry Surgical in its US$140 million leveraged buyout by RoundTable Healthcare Partners.
- Represented The Blackstone Group in the US$625 million take-private of China-based, NASDAQ-listed Pactera Technology International Ltd.
- Represented The Blackstone Group in the acquisition of China-based Suzhou Xinrong-Best Medical Instrument Co., Ltd.
- Advised the Special Committee of Independent Directors of China-based, NASDAQ-listed ChinaEdu Corp. in connection with its privatization by members of the company’s management and McGraw-Hill Education.
- Advised TPG Growth in connection with the sale of Schiff Nutritional International Inc. to Reckitt Benckiser Group for US$1.4 billion.
- Represented Gentex Corporation in the US$700 million acquisition of the HomeLink® business from Johnson Controls, Inc.
- Represented Berkshire Partners and Greenbriar Equity Group in the sale of Electro-Motive Diesel to Caterpillar, Inc. for US$820 million.
- “Congress Introduces Bill to Expand CFIUS’s Review Authority,” Ropes & Gray Client Alert (November 14, 2017)
- Quoted, “China’s Megadeals Fail to Offset Slowdown,”Financial Times (June 29, 2016)
- James T. Lidbury and Martin Crisp, “Demise of disclosure-only settlements? Delaware court outlines new regime,” International Law Office (March 9, 2016)
- Quoted, “Chinese pitch big M&A break-up fees, small stakes to allay U.S. regulatory fears,”Reuters (February 29, 2016)
- James T. Lidbury and Justin Voeks, “Prior parent corporation's settlement agreement does not apply to spun-off entity,” International Law Office (September 9, 2015)
- James T. Lidbury and Justin Voeks, “Dispute over accounting methodology is subject to arbitration procedures,” International Law Office (August 26, 2015)
- James T. Lidbury and Martin Crisp, “Court holds that common interest privilege governs pre-merger communications,” International Law Office's Corporate/M&A Newsletter (April 29, 2015)
- Co-author, “Oregon court refuses to enforce Delaware exclusive forum selection bylaw,” International Law Office (January 7, 2015)
- James T. Lidbury, C Thomas Brown and Christian J Westra, “Additional guidance on Kahn v M&F Worldwide Corp,” International Law Office (ILO) (November 12, 2014)
- James T. Lidbury and Martin Crisp, “Stockholder plaintiffs must allege "extreme" facts to sustain Revlon process claims,” International Law Office’s Corporate/M&A Newsletter (September 3, 2014)
- James T. Lidbury, “Court highlights liability for tortious interference by buyers and their officers,”International Law Office (ILO) (July 2014)
- James T. Lidbury and James C. Davis, “Earn-out obligations and defence costs,” International Law Office (ILO) (March 12, 2014)
- James T. Lidbury and James C. Davis, “Weak fairness opinion not an independent violation of Revlon duties,” International Law Office (ILO) (March 5, 2014)
- James T. Lidbury, Carl P. Marcellino and Christina Bergeron, “’Liquidity conflict’ rejected; 28% stockholder was not controlling stockholder,” International Law Office (ILO) (January 15, 2014)
- James T. Lidbury, Marko S. Zatylny and James C. Davis, “Fair price can trump unfair process,” International Law Office (ILO) January 15, 2014)
- James T. Lidbury and Jane D. Goldstein, “Process makes perfect,” International Law Office (ILO) (November 13, 2013)
- James T. Lidbury and Christian J. Westra, “The limits of Revlon,” International Law Office (ILO) (November 13, 2013)
- James T. Lidbury and Jane Goldstein, “Process makes perfect,” International Law Office (ILO) (November 13, 2013)
- James T. Lidbury and Jason Freedman, “The unconflicted board and Revlon duties,” International Law Office (ILO) (November 6, 2013)
- Quoted, “Law Firm Ropes & Gray Relocates M&A Co-Head to Asia,” The Wall Street Journal (November 1, 2013)
- Quoted, “Court favors private equity in steakhouse fight,” Fortune (August 21, 2013)