James Chang’s practice focuses on a broad range of corporate transactions, including public and private mergers and acquisitions, leveraged buyouts (including management-led buyouts), cross-border transactions, joint ventures and other investments, and related debt and equity financings. He also regularly advises major corporations and investment funds on corporate governance and compliance matters. He has acted for technology, media and telecommunication companies, health care and pharmaceutical companies, energy companies, manufacturers and private equity funds.
In recent years, Mr. Chang has worked on a number of high profile cross-border acquisitions involving Chinese and other non-U.S. buyers acquiring U.S. targets. These include advising: XIO Group in its US$1.1 billion acquisition of J.D. Power and Associates from McGraw Hill; Goldstone Investment in the US$1.9 billion leveraged buyout of the NASDAQ-listed OmniVision Technologies by Goldstone Investment, Hua Capital and CITIC Capital; China Resources Microconductor and Hua Capital, in their proposed leverage buyout of the NYSE-listed Fairchild Semiconductor International, Inc. (terminated); and Hangzhou Liaison Interactive Information Technology Co., Ltd. in its US$263 million acquisition of majority stake in Newegg, Inc. and US$75 million Series C preferred equity investment in Razer, Inc. Additionally, Mr. Chang actively advises multinationals in their acquisition and investment activities in China. He has advised SunEdison, Inc. and TerraForm Global in their potential acquisitions of wind and hydropower projects in China, and Stanley, Black & Decker, Inc. in its buyout of Guoqiang Tools, a PRC joint venture it previously co-owned with the local partner’s founders.
Apart from cross border transactions, Mr. Chang is experienced in going-private transactions and other transactions involving Chinese companies listed in the United State or Hong Kong. He has advised, or is advising: a group of equity sponsors in the successful tender offer and delisting of the Hong Kong-listed Wanda Commercial Properties valued at US$4.4 billion; AutoNavi Holdings Ltd. in its US$1.6 billion unsolicited acquisition by Alibaba Group; Baidu, Inc. in its US$283 million acquisition of Nuomi Holdings, Inc. from Renren, Inc.; the chairmen and chief executive officers in the completed or pending going private transactions of Trina Solar, JA Solar, Century 21 China, Camelot Information Systems, Chindex International, Yongye International, Zhongpin, Inc., 3SBio, Inc. and Winner Medical; the equity sponsors in the privatizations of Jinpan International Limited (Forebright Capital); Shanda Games Limited (Zhongyin Cashmere); Simcere Pharmaceuticals (Hony Capital); Sino Gas International (Morgan Stanley Private Equity Asia); and MEMSIC, Inc. (IDG); and the special committees in the privatization of China Ming Yang Wind Power Group Limited and the privatization of KongZhong Corp.
Mr. Chang also has experience with venture capital transactions. He has advised Riverhead Capital in its Series B preferred equity investment in GrubMarket, Inc. and Lattice Power Corporation as issuer in its Series D preferred equity financing and subsequent sale to the Hong Kong-listed Shunfeng International Clean Energy.
Mr. Chang is a frequent speaker on corporate and securities law topics. He has lectured at numerous law schools in China and the broader Asia Pacific region, including the Renmin University School of Law, the Beijing Foreign Studies University International School of Business, and the National Academy of Legal Studies and Research in Hyderabad, India.