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Adam B. Cheng

Counsel

Counsel

Corporate

Hong Kong

T: 852.3740.4762

F: 852.3910.4762

adam.cheng@skadden.com

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Mr. Cheng joined the Hong Kong office of Skadden, Arps in July 2006. He represents Chinese and foreign corporate clients, investment banks and private equity funds on various mergers and acquisitions, corporate finance transactions, China inbound and outbound investment and other general corporate matters.

Highlights from his experience includes representing:

  • WhiteWave in its strategic joint venture project with China Mengniu Dairy Company Limited;
  • Blackstone in its proposed investment in various real estate projects in several major cities in China;
  • New Horizon Capital in its investment of US$60 million in a Chinese medical equipment manufacturer;
  • InterGen, an international power generation company with power plants in five countries, in its refinancing of US$1.8 billion debt by a combination of shareholder’s equity investment, bank loan and new debt offering;
  • The Carlyle Group in its sale of 40 percent stake in Sinorgchem Technology Co., Ltd. to Precision Castparts Corp.;
  • Sumitomo Mitsui Banking Corporation in its RMB700 million acquisition of 24 percent equity in China Post Fund Management Co. Ltd.;
  • China Three Gorges Corporation in its €2.69 billion acquisition of 21.35 percent equity in Energias de Portugal S.A. (EDP). The deal represents the biggest-ever Chinese investment in Europe;
  • China Huaneng Group in its US$1.3 billion acquisition of 50 percent equity in InterGen;
  • CITIC Securities in its global strategic alliance with Crédit Agricole Corporate and Investment Bank and CLSA in 17 jurisdictions;
  • Sumitomo Mitsui Banking Corporation in its proposed acquisition of First Sino Bank via a bidding process;
  • Morgan Stanley in its sale of 34 percent stake in China International Capital Corp. to four international financial investors via a bidding process;
  • The Carlyle Group in its sale of 49 percent stake in China Chengde Steel Tube Co., Ltd. to Precision Castparts Corp.;
  • The Carlyle Group in its acquisition of approximately 15 percent stake in China Fishery Group;
  • Coca-Cola in its proposed US$2.5 billion takeover of China Huiyuan Juice;
  • Keywise Capital Management (HK) Limited in its equity investment and debt financing in two Chinese pharmaceutical companies in 2007 and its redemption in 2010;
  • Sumitomo Mitsui Banking Corporation in its acquisition of Citi Group’s securities business in Japan with substantive operations and assets in China;
  • New Horizon Capital in its investment of US$30 million in GM Hospital Group Ltd.;
  • Bear Stearns in its proposed US$1 billion cross investment in CITIC Securities and establishment of a joint venture investment bank in Hong Kong;
  • DE Shaw and Goldman Sachs in its US$250 million and US$570 million equity investment and debt financing in a PRC shipbuilding and real estate company;
  • Alexandria Real Estate Equities, Inc. in its investment in several real estate projects in southern China;
  • Anheuser-Busch Inc. in its merger with InBev and the consolidation of their respective joint ventures in China; and
  • DaimlerChrysler in the separation of the DaimlerBenz’s operations from the DaimlerChrysler China joint venture.

Prior to joining Skadden, Arps, Mr. Cheng worked in the Shanghai office of a U.K. law firm focusing on foreign direct investments and China mergers and acquisitions. He represented both Chinese and foreign corporate clients in various FDI projects in different industrial sectors such as telecommunication, retail, real estate, pharmacy, aviation, chemistry, automobile and manufacture. He also advised foreign investors on general corporate matters related to the day-to-day operation after the initial establishment of their joint ventures with Chinese partners. Mr. Cheng is fluent in English, Mandarin Chinese and Shanghai dialect.

Bar Admissions

New York

Education

L.L.M., Chicago University, 2001

L.L.M., Shanghai Institute of Foreign Trade, 1997

M.S. in Economics, Shanghai University of Finance and Economics, 1995

B.S., Shanghai University of Technology, 1992

Languages

English, Mandarin Chinese and Shanghainese

Related Practices

Corporate

Publications

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