Paul Hastings Recognized as Top Asia-related SPAC Legal Adviser in Asia Business Law Journal League Table
December 02, 2021
Hong Kong – Paul Hastings, a leading global law firm, announced today that Asia Business Law Journal’s SPAC league table has ranked the firm as one of the top Asia-related SPAC Legal Advisers of 2020-21.
The Asia-related SPAC league table, based on extensive research conducted by Asia Business Law Journal's editorial team, reflects the top legal advisers on SPAC IPOs completed between 1 July 2020 and 30 June 2021. It also includes legal advisers to issuers and underwriters, as well as offshore legal advisers.
Paul Hastings’ market-leading Capital Markets practice offers unrivalled expertise and resources across the globe. In 2021, Paul Hastings acted on over 70 SPAC transactions globally, including the following landmark Asia-related SPAC deals, advising:
- Credit Suisse Securities and UBS Securities as the joint book-running managers, and Futu Securities International (Hong Kong) Limited as a lead manager, for the US$300 million initial public offering by Artisan Acquisition Corp., a special purpose acquisition company backed by New World Development, a prominent Hong Kong-based conglomerate.
- Netmarble, the largest mobile-gaming company in South Korea, in the proposed US$1.2 billion business combination of Jam City, a leading mobile entertainment company behind some of the world’s highest-grossing and most-enduring mobile games, and DPCM Capital, Inc., a publicly traded special purpose acquisition company.
- Fosun Group in its participation as a major shareholder in the de-SPAC transaction of the Delaware company Butterfly Network, Inc. on the Nasdaq; the total transaction value exceeded US$3 billion.
- UBS and PJT Partners as the placement agents in the business combination of WeWork, a flexible office space provider backed by Softbank, and BowX Acquisition Corp.
Separately, Paul Hastings topped Bloomberg’s league tables, ranking among the top ten legal advisers in 3Q 2021 in the following categories.
- Global Equity IPO
- Global Equity IPO – SPAC
- Asia ex-Japan Equity IPO
- U.S. Equity IPO – SPAC
- U.S. Equity-linked
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.