Peter X. Huang

Peter X. Huang

Partner, Mergers and Acquisitions; Capital Markets
Peter Huang leads the firm’s Beijing office. He is actively involved in cross-border merger and acquisition transactions by Chinese companies around the world, and foreign investment transactions in China.

Bio

Mr. Huang has extensive experience in securities offerings by issuers based in China and in private equity transactions. He has been selected for inclusion in Chambers Global: The World’s Leading Lawyers for Business and Chambers Asia every year since 2007. In addition, Mr. Huang was named a 2020 Lawyer of the Year in the first edition of The Best Lawyers in China. Mr. Huang’s representations include:

Mergers and Acquisitions

  • Huya Inc. in its US$10 billion merger with DouYu International Holdings Limited;
  • QST International Corp. in its acquisition of the micro-electromechanical systems business from a U.S. semiconductor company;
  • Lattice Semiconductor Corporation in its proposed, but terminated, US$1.3 billion going-private acquisition by Canyon Bridge Capital Partners;
  • a consortium led by China Resources Microelectronics Limited in its proposed, but rejected, US$2.6 billion acquisition of Fairchild Semiconductor International Inc. via a tender offer;
  • GoldStone Investment Co., Ltd. (China) as a member of a consortium, which included Hua Capital Management Co., Ltd. (China) and CITIC Capital Holdings Limited (Hong Kong), in its US$1.9 billion acquisition of OmniVision Technologies, Inc., a developer of advanced digital imaging solutions. Skadden also has represented the consortium in connection with CFIUS matters;
  • RDA Microelectronics, Inc. in its US$910 million acquisition by Tsinghua Unigroup Ltd., an industrial conglomerate;
  • Nokia Corporation (Finland) in its US$16.6 billion combination with Alcatel-Lucent (France);
  • Western Digital Corporation in its data storage and solutions joint venture with Unisplendour Corporation Limited;
  • BAIC Motor Electric Vehicle Co., Ltd. in its investment in Atieva, Inc., an electric vehicles manufacturer based in Silicon Valley;
  • China Energy Company Limited in its US$100 million acquisition of a 19.9% stake in Cowen Group, Inc.;
  • AdChina Ltd. and a group of existing shareholders in the acquisition of an 80% stake by Alibaba Group Holding Ltd.;
  • Hangzhou Liaison Interactive Information Technology Co. Ltd. in its acquisition of a 56% stake in Newegg Inc.;
  • AVIC Automobile Industry Co., Ltd., a subsidiary of the Aviation Industry Corporation of China, in a potential acquisition of a division of a U.S.-listed company (transaction not consummated);
  • Shandong Hongda Mining Co., Ltd. in its US$300 million acquisition of Jagex Ltd. (U.K.), a developer of online games;
  • Anbang Insurance Group in its US$1.95 billion acquisition of New York's Waldorf Astoria Hotel from Hilton Worldwide;
  • Anbang Insurance Group Co., Ltd. in its US$6.5 billion acquisition of Strategic Hotels & Resorts, Inc. from The Blackstone Group L.P.; and as lead member of an investor group in its proposed, but terminated, US$14 billion acquisition of Starwood Hotels & Resorts Worldwide Inc.;
  • AutoNavi Holdings Ltd. in the US$1.6 billion unsolicited acquisition by Alibaba Group Holding Ltd. of the remaining 72% stake in AutoNavi that it did not already own;
  • Huapont-Nutrichem Co., Ltd. (China) in its US$220 million acquisition of a 20% stake in Albaugh, LLC;
  • China Petroleum & Chemical Corporation in its US$493 million acquisition of Beijing Yanhua Petrochemical Company, which was a 13e-3 going-private transaction under U.S. securities laws, and its US$1.1 billion acquisition of Sinopec National Star Petroleum Company;
  • Huaneng Power International, Inc. in its US$700 million merger with Shandong Huaneng Power Development Co. Ltd. This was the first merger by two NYSE-listed Chinese companies;
  • Beijing Hainachuan Automotive Parts Co., Ltd. in its US$373 million acquisition of Inalfa Roof Systems Group B.V.;
  • JA Solar Holding Co., Ltd. in its US$180 million acquisition of Silver Age Holdings Ltd.;
  • China National BlueStar (Group) Corporation in its US$2 billion acquisition of Elkem, a high-grade silicon manufacturer based in Norway. This transaction was named Deal of the Year by China Business Law Journal;
  • China Huaneng Group in its US$1.2 billion acquisition of a 50% interest in InterGen, an international power generation company headquartered in the Netherlands with generating assets in the Netherlands, the U.K., Mexico, Australia and the Philippines;
  • a large Chinese company in its proposed minority investment in a Canadian mining company and establishment of a mining joint venture in Chile;
  • China National Chemical Corporation and private equity firms The Blackstone Group L.P. and Fox Paine & Company, LLP in their A$4 billion joint bid for NuFarm Ltd. of Australia;
  • China National BlueStar (Group) Corporation in its acquisition of the silicone business from Rhodia S.A.;
  • China National Chemical Corporation in its acquisition of Qenos Holdings Pty Ltd., an Australian company, from ExxonMobil and Orica;
  • ChemChina and China National BlueStar (Group) Corporation in their acquisition of Drakkar Holdings S.A., a Belgian company with its major operation in France, from CVC Capital Partners;
  • China Minmetals’ proposed US$4.5 billion acquisition of Noranda Inc.;
  • Shanghai SECCO Petrochemical Ltd., a Sino-British joint venture between BP, Sinopec and its subsidiary in its US$2.7 billion financing of an ethylene complex;
  • a major U.S. financial institution in the establishment of a Sino-foreign joint venture life insurance company;
  • Cendant Corporation in the acquisition of a major interest in a Chinese online travel company as well as the debt financing of a Chinese travel service company;
  • Colgate-Palmolive Company in its acquisition of a Chinese consumer products company;
  • Polaroid Corporation in the disposition of its Chinese operations by pursuant to its global restructuring plan; and
  • GIC in various private equity and M&A matters.

Going-Private Acquisitions

  • New Wave Holding Limited (British Virgin Islands), an entity owned by the management of Sina Corporation (China) and led by Chairman and CEO Charles Chao, in its US$2.6 billion going-private acquisition of Sina;
  • the buyer group comprising of Ms. Guilan Jiang, the founder and chairwoman of the board of directors of Fuling Global, Inc.; her extended family members; shareholders of Fuling Global; and Mr. Qijun Huang, an individual financial investor, in their going-private acquisition of Fuling Global Inc. following its merger with Fuling ParentCo Inc;
  • the buyer group including Mr. Wenbin Chen, the co-founder, chairman of the board of directors and chief executive officer of Yintech Investment Holdings Limited; Mr. Ming Yan, the co-founder and director of Yintech; and Ms. Ningfeng Chen, the co-founder and director of Yintech, in their US$540 million going-private acquisition of Yintech following its merger with Yinke Holdings Ltd. and Yinke Merger Co. Ltd.;
  • 58.com Inc., China’s largest online classifieds marketplace, in its US$ 8.7 billion going-private acquisition by a consortium of investors led by Quantum Bloom Group Ltd., and its subsidiary Quantum Bloom Company Ltd;
  • the special committee of the board of directors of Bitauto Holdings Limited (China) in its US$1.1 billion going-private acquisition by an investor consortium led by Morespark Limited (British Virgin Islands), an affiliate of Tencent Holdings Limited (China), and Hammer Capital Opportunities Fund L.P. (China);
  • the special committee of the board of directors of Changyou.com Limited in the US$579 million going-private acquisition of Changyou.com by Sohu.com Limited; and, previously, the proposed going-private acquisition by Charles Zhang;
  • Mr. Leo Ou Chen, chairman and CEO of Jumei International Holding Limited (China), in the US$130 million going-private acquisition of the remaining stake in Jumei;
  • the special committee of the board of directors of Qihoo 360 Technology Co. Ltd. in its US$9.3 billion going-private acquisition by a consortium including Mr. Zhou Hongyi, chairman and chief executive officer of Qihoo, CITIC Capital Securities Co., Ltd., Golden Brick Capital, China Renaissance Holdings Limited, and Sequoia Capital China. This is the largest-ever going-private deal for a Chinese company listed in the U.S. This transaction was named Equity Market Deal of the Year at the 2016 Asian Legal Business China Law Awards and one of China Business Law Journal’s 2016 Deals of the Year;
  • the special committee of the board of directors of Youku Tudou Inc. in its US$5.6 billion going-private acquisition by Alibaba Group Holding Limited;
  • the buyer consortium including Mr. Li Xiting, executive chairman of the board, president and co-chief executive officer of Mindray Medical International Limited (China); Mr. Xu Hang, chairman of the board; and Mr. Cheng Minghe, co-chief executive officer and chief strategic officer, in a US$2.05 billion facility to fund its US$3.3 billion going-private acquisition of Mindray Medical;
  • a buyer consortium consisting of Mr. Gao Jifan, Trina Solar Limited’s chairman and CEO; Shanghai Xingsheng Equity Investment & Management Co., Ltd.; Shanghai Xingjing Investment Management Co., Ltd.; Great Zhongou Asset Management (Shanghai) Co., Ltd.; and Liuan Xinshi Asset Management Co., Ltd in its US$1.1 billion going-private acquisition of Trina Solar;
  • a buyer consortium consisting of affiliates of Forebright Capital Management Ltd. (Hong Kong) in its US$99 million going-private acquisition of Jinpan International;
  • the special committee of the board of directors of Mecox Lane Limited (China) in its initially unsolicited, but subsequently agreed upon, going-private acquisition by a consortium comprised of CNshangquan Limited (China), ChinaEquity USD Fortune Co., Ltd. and Chinaequity Capital Investments Co., Limited;
  • the special committee of independent directors of Perfect World Co., Ltd. in the US$1 billion going-private acquisition by Perfect Peony Holding Co. Ltd.;
  • the special committee of independent directors of Sungy Mobile Ltd. (China), a provider of mobile Internet products and services, in its US$153 million going-private acquisition by Sunflower Parent Ltd.;
  • Vast Profit Holdings Ltd. in its US$262 million going-private acquisition of Jiayuan.com International Ltd.;
  • the special committee of the board of directors of China Ming Yang Wind Power Group Limited in its initially unsolicited, but subsequently agreed upon, US$408 million going-private acquisition of the remaining 67% stake they did not already own in China Ming Yang by a consortium of investors including Chuanwei Zhang, the chairman and chief executive officer of the company;
  • the buyer group consisting of Mr. Baofang Jin, chairman and chief executive officer of JA Solar Holdings Co., Ltd. (China), and Jinglong Group Co., Ltd. (British Virgin Islands) in its proposed going-private acquisition of JA Solar;
  • the special committee of the board of directors of KongZhong Corp. (China) in its US$299 million going-private acquisition by Leilei Wang, chairman and chief executive officer of the company, and IDG-Accel China Growth Fund II of the remaining stake in KongZhong that they do not already own;
  • Zhongyin Cashmere as the buyer consortium in its going-private acquisition of Nasdaq-listed Shangda Games;
  • the buyer consortium in Nasdaq-listed Sino Gas International Holdings Inc.’s going-private acquisition;
  • the buyer consortium in NYSE-listed Noah Education Holdings Ltd. in its US$107 million going-private acquisition;
  • the management of Nasdaq-listed Chindex International, Inc. in its US$461 million going-private acquisition;
  • Hony Capital in the US$2.8 billion going-private transaction of Nasdaq-listed Giant Interactive Group, Inc. This transaction was named Deal of the Year by Asian-Mena Counsel magazine, China Business Law Journal and IFLR, and Global M&A Deal of the Year, China for 2014 at The American Lawyer’s 2015 Global Legal Awards;
  • the buyer consortium for each of Nasdaq-listed Exceed Co. Ltd., Nasdaq-listed Yongye International Inc. and NYSE-listed 7 Days Group Holdings Inc.;
  • IDG in the US$88.5 million going-private transaction of Nasdaq-listed MEMSIC, Inc.;
  • the chairman and chief executive officer of Nasdaq-listed 3SBio Inc. in its US$340 million going-private acquisition;
  • the chairman and chief executive officer of Nasdaq-listed Focus Media in its US$3.7 billion going-private acquisition;
  • the management of Nasdaq-listed Yucheng Technologies Limited in the US$72 million going-private acquisition of the remaining stake of the company not held by the management;
  • the independent committee of the board of directors of NASDAQ-listed China Nuokang Bio-Pharmaceutical Inc. in the company’s US$99 million going-private management buyout;
  • the management of Nasdaq-listed Zhongpin Inc. in the US$520 million going-private acquisition of the remaining stake of the company not held by the management;
  • the management of Nasdaq-listed Winner Medical Group Inc. in the US$134 million going-private acquisition of the remaining stake of the company not held by the management;
  • the management of Nasdaq-listed China TransInfo Technology Corp. in the US$143 million going-private acquisition of the remaining stake of the company not held by the management;
  • the founding shareholder of Nasdaq-listed AsiaInfo-Linkage, Inc. in connection with the company’s US$890 million going-private transaction;
  • the independent committee of the board of directors of FunTalk China Holdings Limited in the company’s US$443 million going-private management buyout led by Fortress Group Limited. This transaction was named Deal of the Year by China Business Law Journal;
  • the special committee of China Advanced Construction Materials Group in connection with the company’s proposed going-private transaction;
  • the management of Nasdaq-listed China GrenTech Corporation Ltd. in the US$41 million going-private acquisition of the remaining stake of the company not held by the management;
  • the management of NYSE-listed China Security & Surveillance Technology in the US$580 million going-private management buyout. This transaction was named Deal of the Year by China Business Law Journal;
  • the management of NYSE-listed Chemspec International Ltd. in the US$130 million going-private management buyout. This transaction was named Deal of the Year by China Business Law Journal;
  • the management of Nasdaq-listed Harbin Electric in the US$750 million acquisition of the remaining stake of the company not held by the management. This transaction was named Deal of the Year by China Business Law Journal and Asian-MENA Counsel;
  • the management of Nasdaq-listed Fushi Copperweld, Inc. in the US$310 million going-private leveraged buyout of the remaining stake of the company not held by the management;
  • an affiliate of Morgan Stanley Private Equity Asia in connection with Feihe International, Inc.’s US$147 million going-private transaction;
  • a private equity fund in connection with China Natural Gas, Inc.’s going-private transaction;
  • a strategic bidder in connection with China Fire & Security Group Inc.’s going-private transaction; and
  • the financial advisor to the chairman in connection with Shanda Interactive Entertainment Ltd.’s US$2.3 billion going-private transaction. This transaction was named Take Private Deal of the Year by China Business Law Journal.

Securities Offerings

  • 3SBio Inc., a biopharmaceutical company in China, in its US$819 million IPO of shares on the Hong Kong Stock Exchange (HKSE);
  • US$68 million combined primary/secondary offering of common stock by China Biologic Products, Inc.;
  • Sinopec Group Overseas Development Limited’s issuance of US$6 billion Rule 144A/Regulation S offering of senior unsecured notes; US$3.5 billion Rule 144A/Regulation S offering of senior unsecured notes; US$500 million add-on offering of senior notes due 2022; and US$3 billion Rule 144A/Regulation S offering of senior notes in three tranches;
  • SYSWIN Limited’s US$67.2 million IPO and listing on the NYSE;
  • Bitauto Holdings Limited’s US$127 million IPO, listing on the NYSE and post-IPO SEC compliance matters;
  • Camelot Information Systems Inc.’s US$148 million IPO and listing on the NYSE;
  • Century 21 China Real Estate’s US$80 million IPO and listing on the NYSE;
  • MEMSIC, Inc.’s US$70 million IPO and listing on Nasdaq;
  • JA Solar’s US$400 million offering of convertible notes, US$259 million IPO and listing on Nasdaq, as well as its US$306 million follow-on offering;
  • Agria Corporation’s US$283 million IPO and listing on the NYSE (representing the underwriters);
  • Wuxi Pharmatech’s US$212 million IPO and listing on the NYSE (representing the underwriters);
  • China CITIC Bank Corporation Limited’s US$5.4 billion IPO and dual listing on the HKSE and Shanghai Stock Exchange;
  • 3SBio’s US$123 million IPO and listing on the Nasdaq Global Market;
  • China Construction Bank’s US$9.2 billion IPO and listing on the HKSE. This was the largest IPO in the world at the time. This deal was selected as Equity Deal of the Year by IFR Asia magazine, as well as Deal of the Year, Best Equity Deal, Best IPO and Best Privatization by FinanceAsia magazine, and as one of Asian-Counsel magazine’s Deals of the Year;
  • Manufacturing International Corporation (China)’s US$1.8 billion initial public offering, with dual listings on the HKSE and NYSE (representing the underwriters);
  • China Netcom Group Corporation (Hong Kong) Limited’s US$1.2 billion IPO and dual listings on the NYSE and the HKSE;
  • China Life Insurance Company’s US$3.5 billion IPO and dual listings on the NYSE and the HKSE (representing the underwriters); and
  • China Petroleum & Chemical Corporation’s US$3.4 billion IPO and listings on the NYSE, the HKSE and the London Stock Exchange.

Credentials

Education

  • J.D., Cornell Law School, 1997
  • M.A., University of Maryland, 1992
  • B.A., University of Maryland, 1990 (magna cum laude)

Admissions

  • New York

Languages

  • English
  • Mandarin

Peter X. Huang

Partner, Mergers and Acquisitions; Capital Markets
peter.huang@skadden.com