S&C topped Q1 APAC and China M&A legal advisory league tables published by Bloomberg and LSEG. The Firm ranked first for announced deals with any China involvement, with deals totaling $9.5 billion. Globally, S&C led all law firm advisers in announced deals in the first quarter, advising on deals totaling more than $124 billion, representing a 14.1 percent market share.
Over the past year, S&C has advised clients on a series of strategically significant M&A transactions in Asia, including advising:
- ENN Natural Gas Co., Ltd. in its proposed pre-conditional privatization of ENN Energy Holdings Limited (ENN) by way of a scheme of arrangement through its wholly-owned subsidiary and its proposed concurrent listing on the Hong Kong Stock Exchange by way of introduction. The acquisition values ENN at approximately HK$90.50 billion (US$11.60 billion). S&C also acted for the offeror in obtaining an acquisition financing facility to partly finance the transaction.
- DCP Capital in its proposed acquisition from Alibaba entities of 78.7 percent of the shares of Sun Art Retail Group. Following completion of the acquisition, DCP Capital will be required to make a mandatory cash offer for Sun Art. The aggregate maximum consideration payable by DCP Capital in respect of the acquisition and mandatory offer amount to approximately HK$15.1 billion ($2 billion).
- The Independent Board Committee of SciClone Pharmaceuticals (Holdings) Limited in the proposed privatization of SciClone Pharmaceuticals by way of a scheme of arrangement.
- Foxconn Interconnect Technology Limited in connection with FIT Voltaira Group GmbH’s acquisition of Auto-Kabel Group.