Davis Polk Named Best International Law Firm in China by FinanceAsia
FinanceAsia named Davis Polk as “Best International Law Firm” at its inaugural China Awards. The awards recognize the most stand-out deals across different practices and overall excellence in China’s domestic financial markets.
The award acknowledged Davis Polk for its work on 64 high-yield deals, including Yingde Gases $500 million senior notes due 2023, which used an innovative negotiated covenant package with sponsor-style covenants.
The firm was also honored for its role on a large number of investment grade deals, including the establishment of Sinopec Century’s $3 billion Medium Term Note Programme. Davis Polk advised the arrangers on how to set up a new Hong Kong-based financing and investment platform, while ensuring that the new MTN was fully in sync with the financing activities of China Petrochemical Corporation, the programme’s guarantor.
In the M&A space, Davis Polk was recognized for its broad deal list of inbound and outbound deals, strategic partnerships, JVs, spinoffs, privatizations and investments for clients. Notably, the firm advised China Vanke on its participation in the US$11.6 billion acquisition of Global Logistic Properties – Asia’s biggest-ever private equity acquisition by value.