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Practice Experience
John Shum is a New York-, English- and Hong Kong-qualified partner in our Banking, Capital Markets & Restructuring practice in Asia.
John has extensive experience in acquisition, leveraged, trade, asset-backed, first and second-lien, mezzanine and investment-grade financing transactions, as well as US Chapter 11 debtor-in-possession and exit financings. He represents both financial institutions and corporations, and advises on intercreditor and cross-border issues.
More recently he has represented mainland Chinese banks and financial institutions on numerous "China-outbound" transactions.
John has also previously worked in White & Case's New York, London and Miami offices.
His representative experience includes advising:
- China Development Bank Corporation in EPC financing totalling approximately US$19 million for the construction of two photovoltaic solar power projects in California by SPI Solar, the US-based subsidiary of LDK Solar, a Jiangxi-based manufacturer of photovoltaic solar panels.
- China Development Bank Corporation under a US$750 million portfolio financing (comprising both EPC and vendor financing) for the construction and operation of photovoltaic solar power projects (with a capacity of up to 300MW) in New Jersey, provided to SPI Solar and KDC Solar, a New Jersey-based installer and operator of solar power projects.
- China Development Bank Corporation, Industrial and Commercial Bank of China, and Export Import Bank of China in an approximately US$925 million export-credit financing for Reliance Communications Limited.
- China Development Bank Corporation in providing US$400 million financing for the management buyout of NASDAQ-listed Harbin Electric, Inc.. The deal won 2011 "Deal of the Year" awards from both Asian-MENA Counsel and China Business Law Journal.
- China Development Bank Corporation, as initial mandated lead arranger and bookrunner and Industrial and Commercial Bank of China as mandated lead arranger, on a US$800 million term loan facility and a SAR 3,969,612,800 Advance Payment Guarantee facility to support Saudi Oger Ltd’s financing of the King Abdullah Project 2.
- China Development Bank Corporation in providing a US$500 million financing for the management buyout of NYSE-listed China Security & Surveillance Technology, Inc.
- Standard Chartered Bank in providing US$70 million financing for the management buyout of NYSE-listed Chemspec International Limited, a China-based contract manufacturer of highly-engineered specialty chemicals. The deal won a 2011 "Deal of the Year" award from China Business Law Journal and received "Honorable Mention" recognition from Asian-MENA Counsel.
- China Development Bank Corporation in a US$23 million senior amortising term loan facility to LDK Solar to finance the acquisition of Solar Power, Inc., a OTCBB-traded California, based solar power EPC contractor.
- Morgan Stanley and China Development Bank Corporation Hong Kong Branch as joint lead arrangers on a US$180 million syndicated loan arranged by Morgan Stanley to Hong Kong-based Fortune Oil PRC Holdings, a subsidiary of London Stock Exchange-listed Fortune Oil, which manages oil and gas supply and infrastructure projects in China.
- China Development Bank Corporation in providing US$192 million financing to Hanlong Resources Limited for its subsidiaries' acquisition of a majority- stake in Sundance Resources Ltd., ,an Australia Securities Exchange-listed mining company.
- DBS Bank Ltd, ING Bank, The Royal Bank of Scotland and GE Commercial Finance as joint mandated lead arrangers and bookrunners, on a US$200 million multi-currency syndicated financing guaranteed by Equinix, Inc, a Califormia-based provider of global data center services. The secured term loan was extended to Equinix's subsidiaries in Hong Kong, Japan, Singapore and Australia.
- China Development Bank Corporation as lender in a US$700 million Sinosure-backed senior secured term loan to the Aircel Group of India, to procure telecommunications equipment and services from ZTE Corporation and Huawei Technologies. The deal won "Indian Telecoms Deal of the Year 2009" from Project Finance and was nominated for IFLR/Asialaw India Awards 2010's "Project Finance Deal of the Year".
- Standard Chartered Bank (Hong Kong) Limited in connection with the HK$1.659 billion facility to a Hong Kong-listed cement producer and property developer with business interests in Hong Kong and mainland China.
- Citibank, Merrill Lynch and Morgan Stanley in connection with the US$13 billion term loan provided to The Dow Chemical Company to finance, in part, the acquisition of Rohm and Haas.
- Mirant Corporation and its affiliated debtors in connection with its exit from US Chapter 11 bankruptcy.
- Deutsche Bank, JPMorgan Chase and Bank of America, in connection with the US$2.4 billion term loan facility used to finance part of Blackstone and Bain Capital's US$6 billion acquisition of Michaels Stores, Inc., a leading arts and crafts retailer based in the US.
- Deutsche Bank in connection with the US$265.5 million financing provided pursuant to the exit from US Chapter 11 bankruptcy of Meridian Automotive Systems.
- Deutsche Bank in connection with the US$8.7 billion of senior secured financing provided to Univision Communications, the leading Spanish language broadcaster in the US. The proceeds were used to repay certain existing indebtedness of Univision and to finance, in part, the US$13.7 billion acquisition of Univision by Broadcasting Media Partners, an investor group that includes Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas Lee Partners, and Saban Capital Group.
- Global Power Equipment Group and its affiliated debtors in connection with the US$100 million financing provided pursuant to the exit by Global Power from US Chapter 11 bankruptcy.
- Castle Harlan, Inc. and CHAMP Private Equity in connection with the acquisition of Great Western Malting, Canada Malting Company, Barrett Burston Malting and a 60 percent interest in Bairds Malt to create United Malt Holdings, one of the world's largest producers of malt for use in the brewing and distilling industries.
Bars and Courts
Solicitor of the High Court of Hong Kong, 2010
New York State Bar, 2006
Solicitor, England and Wales, 2000
Education
LPC, College of Law, London, 1998 LLB, University College London, 1997
Professional Associations and Memberships
Asia Pacific Loan Market Association Market Practices Committee
Languages
English Cantonese Mandarin
Citizenship
British
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