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Garth W. Bray

Partner

Garth W. Bray

Partner
Hong Kong +852-2826-8688 +852-2826-8688 +852-2522-2280 +852-2522-2280
brayg@sullcrom.com

Garth Bray is a member of the Firm’s Mergers and Acquisitions and Private Equity Groups and has extensive experience in complex cross-border M&A, joint venture and capital markets transactions. He has been based in Asia since 2009 and focuses on matters arising out of our Tokyo, Beijing and Hong Kong offices.

Mr. Bray has acted on various matters for the Alibaba Group and its financial services affiliate, Ant Financial, as well as certain Alibaba founders. He has handled private equity and principal investment assignments for the Canada Pension Plan Investment Board, MBK Partners, Aquiline Capital, the Ontario Teachers’ Pension Plan, Lightyear and Silver Lake Partners.

He has acted as M&A adviser to Philips Electronics, including in the sale of its semiconductors business, NXP, to KKR and Silver Lake; the transfer of its computer monitor and flat screen television activities to TPV; the sale of its contract manufacturing unit to Jabil Circuit; and various other acquisitions, dispositions and joint ventures. He has also frequently acted for financial advisers in connection with their M&A advisory assignments.

Mr. Bray has been named as a leading Corporate/M&A lawyer in Chambers Europe: Europe’s Leading Lawyers for Business and Chambers Global and has been recognized as a leading Corporate Finance lawyer in Chambers UK.

Mr. Bray is also a regular speaker on M&A issues in the Asia Pacific region, including as a panelist on FCPA and M&A matters at the Annual Corporate Accountability Conference in Hong Kong.

* Mr. Bray is registered as a Gaikokuho Jimu Bengoshi in Japan. He practices New York state and U.S. federal law in Japan but not Japanese law.



SELECTED REPRESENTATIONS

  • Alibaba Group Holding Limited (China) in its $1 billion acquisition of a controlling stake in Lazada Group S.A. (Singapore)
  • Alibaba Group Holding Limited (China) in its joint venture agreement with Foxconn Technology Group (Taiwan), and in its investment in SoftBank Robotics Holdings Corp. (Japan)
  • China Oriental in its global cash tender offer and exit consent in relation to the repurchase of its $111  million outstanding senior notes due 2017
  • Fuyao Glass’s underwriters in its $1.1 billion global offering and listing on the Hong Kong Stock Exchange
  • Nirvana Asia (Malaysia) in its $261 million Hong Kong IPO and Rule 144A placement of shares
  • Suning Commerce Group in the acquisition through its wholly owned subsidiary, Hong Kong Suning Appliances, of all of the issued shares of Allyes (China) Holding Company Limited from Silver Lake Partners (U.S.)
  • the placing agents in Sinopharm Group’s placing of new H Shares for $716 million
  • ENN Energy in its $400 million investment-grade bonds offering
  • Jingrui Holdings Limited (China)’s joint bookrunners in connection with the high yield offering and listing in Hong Kong of $150 million 13.625% senior notes due 2019
  • Priceline Group on its $500 million investment in Ctrip.com through a convertible bond
  • JobStreet Corporation Berhad (Malaysia) in its proposed sale of certain of its businesses in Singapore, Malaysia, Philippines, Indonesia, Vietnam and Hong Kong to SEEK Limited (Australia), a significant shareholder of JobStreet for approximately $524 million
  • Suning Commerce Group (China), together with certain funds managed by Hony Capital (China), in its $420 million acquisition of PPLive Corporation (China) from Softbank Corporation (Japan), Softbank China Venture Capital Limited (China), Bluerun Ventures, L.P. (U.S.), Draper Fisher Jurvetson Fund IV, L.P. (U.S.) and the management shareholders and other shareholders of PPLive
  • China Shenhua Overseas Development & Investment Company Limited (“Shenhua Overseas”) in its shale gas-related acquisition and joint development agreement with Energy Corporation of America (“ECA”), and in is acquisition of an undivided 50 percent of interest in certain oil and gas leases in the Marcellus Shale Formation in Greene County, Pennsylvania and other related assets from ECA
  • China Mengniu Dairy (China)’s $1.7 billion facility arrangement in its acquisition of Yashili International (China)
  • Want Want China Holdings Limited on its $600 million Rule 144A and Reg S debut dollar-denominated notes offering
  • Standard Chartered Securities (Hong Kong) Limited as the placing agent for Frasers Property (China) Limited in its $90.6 million placing of existing shares and subscription for new shares
  • Stryker Corporation in its $764 million voluntary cash offer to acquire all the shares and share options of Trauson Holdings
  • Irish Reinsurance Partners, a reinsurance joint venture involving SCOR (France) and a series of financial investors
  • Goldman Sachs (Japan) as financial adviser to eAccess Ltd. in connection with the 180 billion yen (US$2.3 billion) share exchange transaction between eAccess and Softbank Corp.
  • Lazard Asia (Hong Kong) Limited as financial adviser to hiSoft Technology International Limited in its $875 million tax-free, all stock merger of equals with VanceInfo Technologies Inc.
  • Sumitomo Trust and Banking Company in its merger with Chuo Mitsui Trust Holdings
  • Avon in its sale of Avon Japan to TPG
  • The cross-shareholding and business cooperation agreement among Daimler, Nissan and Renault
  • Sompo Japan and Nipponkoa Insurance Co. in connection with their merger transaction
  • JPMorgan Chase in its acquisition of the assets of Washington Mutual’s banking operations from the Federal Deposit Insurance Corporation
  • Mediobanca and Goldman Sachs Infrastructure Partners in an infrastructure joint venture with Sintonia, a Benneton family holding company
  • AkzoNobel in the disposition of Organon Biosciences
  • SeaDrill in its acquisition of Smedvig
  • Prudential Financial in its sale of the Dryden Wealth Management Business to Fortis
  • Deloitte Consulting in its proposed separation from Deloitte Touche Tohmatsu
  • Cap Gemini in its acquisition of the global consulting activities of Ernst & Young
  • Powergen in its acquisition by E.ON
  • Royal Dutch Shell in its strategic investment in the China National Overseas Oil Company