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Conyers Dill & Pearman received three Deal of the Year awards at the annual IFLR Asia Awards, held on 12 March 2015. The Firm was awarded for its work on the record-setting Alibaba IPO, and Giant Interactive Group Inc. and Pacetera Technology International take private deals. The IFLR Asia Awards are based solely on legal innovation, recognising the region’s most innovative deals and the firms that worked on them.
David Lamb, Partner and Co-Chair of the Firm said “We are pleased to be recognised for these matters, each with distinct levels of complexity and scale. The Alibaba IPO in particular received unprecedented coverage as the largest IPO in history valued at US$25 billion. These awards continue to confirm our expertise in the Asian market and the innovative solutions we provide to our clients”.
Deals of the Year are depicted in detail below:
Conyers Dill & Pearman advised Yahoo! Inc., shareholder of Alibaba Group Holdings Ltd., on the IPO of Alibaba on the New York Stock Exchange which raised US$25 billion. The IPO is the largest in history and on market debut gave Alibaba a market capitalisation of nearly US$230 billion. Alibaba accounts for 80% of online sales in China.
Partner and Co-Chair of the Firm David Lamb and Partner Richard Hall based in Conyers’ Hong Kong office advised on the matter, working alongside Skadden, Arps, Slate, Meagher & Flom LLP.
Conyers provided Cayman legal advice to Giant Interactive Group Inc. (“the Company”) on the US$3 billion privatization by way of a merger with Giant Merger Limited, a wholly-owned subsidiary of Giant Investment Limited. The Company is a leading online game developer and operator in China.
Christopher Bickley, Conyers’ Head of Office for Hong Kong, and Rowan Wu advised the Company on the matter, working alongside O’Melveny & Myers LLP and Grandall Law Firm.
Conyers Dill & Pearman provided Cayman advice on the privatisation of Pactera Technology International Ltd, a Beijing-based technology outsourcing and consulting company, from NASDAQ. Pactera was formed through a merger between HiSoft Technology International Ltd and VanceInfo Technologies Inc. in 2012.
Partner and Co-Chair of the Firm David Lamb and Associate Angie Chu based in Conyers’ Hong Kong office advised on the matter, working alongside Shearman & Sterling LLP and Ropes & Gray LLP.