Frank Shu is a senior legal consultant in White & Case's Asia Banking, Capital Markets & Restructuring practice group. His main areas of practice include acquisition finance, structured finance, real estate acquisition and finance, and financial institutions restructuring.
Frank has substantial experience advising on the financing of privatizations of Chinese companies, large-scale cross-border real property acquisition and financing transactions as well as Sino-foreign joint development transactions in China. He also has experience in Chinese banking regulatory advice, mergers and acquisitions and project finance transactions.
He previously worked in White & Case's Hong Kong office for two years.
Advised Industrial and Commercial Bank of China, Bank of China, HSBC, Standard Chartered Bank, BNP Paribas, Société Générale and Crédit Agricole as mandated lead arrangers, and a group of Chinese and international lenders and issuing banks on an aggregate €1.29 billion syndicated senior secured term facilities for Sailing Investment Co, S.à r.l, wholly-owned by Shanghai Jinjiang International Hotels Development in connection with its acquisition of Europe's second largest hotel chain, Groupe de Louvre (Louvre Hotels Group), from Starwood Capital. The deal received "Honorable Mention" in the ASIAN-MENA COUNSEL's Deals of the Year 2015 Report.
Advised Industrial and Commercial Bank of China and Bank of China on a €550 million syndicated senior secured term acquisition financing for Fosun International in connection with its approximately €1 billion majority acquisition of insurance assets of Portuguese state-owned Caixa Geral de Depositos, one of the largest acquisitions by a Chinese non-state owned entity and Fosun's largest acquisition outside China. The deal won a 2014 "Deal of the Year" award from China Business Law Journal.
Advised Double Favour Limited, whose shareholders are advised by Phoenix Property Investors Limited, a Cayman Island fund management firm, in a financing of US$558 million (RMB 3.4 billion) for the acquisition and development of Crystal Galleria located at 68 Yu Yuan Road, Jing'an District, Shanghai, PRC. The deal was awarded "Deal of the Year" for 2014 by China Business Law Journal.
Advised numerous financings supporting the privatizations of US-listed Chinese companies, including the recent take private of NYSE-listed Feihe International and the buyout of NASDAQ-listed Zhongpin Inc., as well as award winning transactions such as the management buyout of NASDAQ-listed Harbin Electric, Inc. and the privatization of NYSE-listed Chemspec International Limited.
Advised China Development Bank Corporation on providing a term loan of US$290 million to Chinese construction equipment maker Sany International Development Limited for Sany's acquisition of Putzmeister Holding GmbH, a German concrete pump-maker.
"Legal and Regulatory Issues for Structuring Private Sector and Non-sovereign Operations", January 21-22, 2011: (co-presenter)
Partnership – a Brand New Option for Foreign Investors Coming into China, The Lawyer, May, 2010