Business Overview
M&A is a core practice area where Llinks has long excelled and established market leadership. We have established a comprehensive professional service system covering all types of transaction scenarios. We are adept at handling a wide array of highly customized transactions—from state-owned enterprise reformation, acquisitions of controlling stakes in listed companies, and cross-border tender offers, to private equity leveraged buyouts, management buyouts, strategic joint ventures, corporate privatizations, and divestitures under complex structures. Our diverse clientele encompasses top Chinese enterprises, Fortune 500 groups, and investment institutions and growth-stage companies of all types. We have long represented a multitude of parties in transactions, including acquirers, sellers, target companies, and financial investors, accumulating deep and broad industry insights and practical wisdom.
Our services cover the entire transactional lifecycle. From forward-looking transaction structure design, to systematic legal due diligence, to the precise drafting and negotiation support for multi-jurisdictional, multi-lingual transaction documents, and eventually through closing and post-investment integration, we are consistently committed to providing clients with efficient, meticulous, and commercially insightful end-to-end solutions. Relying on continuous monitoring and a profound understanding of regulatory trends in China and major global markets, we excel at anticipating risks in complex transactions, seizing regulatory windows, and designing compliant and efficient transaction pathways.
Particularly in the field of cross-border investment, Llinks has established distinct professional edge and a robust resource network. We are deeply involved in numerous large-scale transnational M&A projects with industry influence, giving us a solid grasp of the legal frameworks, regulatory logics, and cultural and commercial nuances across different jurisdictions. This enables us to provide clients with truly integrated services that combine a cross-border perspective with localized execution capabilities. Leveraging long-term strategic partnerships with renowned law firms in major global economies, we are able to promptly mobilize high-quality legal resources from regions such as the United States, the United Kingdom, the European Union, Japan, Korea, Southeast Asia, Africa and Latin America. We efficiently coordinate multinational due diligence, structural design, and negotiation and closing processes, delivering genuinely integrated and efficient cross-border legal solutions for our clients.
Key Capabilities
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Acquisitions and sales of state-owned enterprises, private enterprises, foreign-invested enterprises, subsidiaries, and branches
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Tender offers, mergers and spin-offs
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Joint ventures, and strategic alliances
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Leveraged buyouts (LBOs)
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Management buyouts (MBOs)
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Privatization transactions
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Cross-border transactions (foreign direct investments and mergers and acquisiitons, outbound direct investment and mergers and acquisitions)
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Venture capital, private equity investments, etc.
Practice Highlights
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Represented Unifrax (USA), Sinochem International, and Whirlpool (China) in their tender offers and share-swap absorption mergers of domestic and overseas listed companies; represented a consortium led by Summitview Capital in its privatization of Nasdaq-listed Integrated Silicon Solution, Inc. (ISSI), as well as subsequent major transactions such as the sale of assets to A-share listed companies.
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Represented CMOC and BHR in the acquisition of the Tenke copper-cobalt mine for over USD 4 billion, Shanghai Electric and a large state-owned enterprise in the acquisition of the large Thar coalfield in Pakistan, CATL and Brunp in the bidding for a Canadian lithium mine and the acquisition of an Indonesian nickel mine and smelter, as well as a listed company in its acquisition of a tin-tungsten mine in Central Asia.
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Represented a renowned USD buyout fund in the acquisition of a controlling stake in a fine chemical enterprise for hundreds of millions of USD; represented offshore funds in the acquisition of domestic online literature enterprises; represented Great Pacific Capital (UK) and a German private equity fund in exit transactions involving the sale and spin-off of their domestic portfolio companies in the healthcare and manufacturing sectors to domestic and overseas enterprises and A-share listed companies.
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Represented leading global food science enterprise DSM, Food Wise, a Yuwell Technology consortium, East Asia Pharmaceutical, and Rothschild in completing numerous cross-border controlling acquisitions and major asset transfer projects.
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Represented renowned institutions such as Gaw Capital, Warburg Pincus, DNE, and LaSalle Investment Management in large-scale restructurings, acquisitions, and sales of major commercial real estate projects including Shanghai Sky SOHO and Shanghai MixC, as well as domestic and overseas IDC data centers, logistics asset portfolios, industrial parks, and long-term rental apartments.
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Represented multiple listed companies in carrying out acquisitions of controlling stakes in industry peers and upstream/downstream enterprises, as well as the establishment of joint ventures in regions such as Southeast Asia and Europe.
Market Recognition
Industry Insights
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Quick Review on the State Council’s New Outbound Investment Regulation Key Changes, Compliance Risks, and Recommendations
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What Foreign Investors Should Know about China's New Company Law
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A New Era of Filing Supervision for Overseas Securities Offering and Listing by Domestic Companies is around the Corner
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The latest changes in the Italian foreign investment control: from Golden Share to Golden Power.
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Cross-border Insolvency Practice in Mainland China: Latest Developments and Trend
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A BRIEF OVERVIEW ON THE BASKETBALL ARBITRAL TRIBUNAL (BAT)
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