Simmons & Simmons has been enjoying a purple patch in Hong Kong. The $3.5bn (£2.4bn) global share offering for the Sinopec is the latest in a series of significant Asian deals for the firm. It carried out its first Chinese initial public offering (IPO) back in 1997 for power company Beijing Datang. The firm actively pursued the Beijing Datang deal – partner Colin Leaver approached the company when he was based in Hong Kong in the early 1990s – and it has evidently paid off. On the back of the Beijing Datang deal it acted on the Zhejing Express Way IPO at the beginning of this year, and has now completed a hat trick with the Sinopec flotation.
But it is not just in equity capital markets that the firm is doing well. Partner Nick Norris is also getting in on some of the most active corporate areas, such as telecoms. The firm has acted for Asian telecom giant Pacific Century CyberWorks twice this year, first on the $35bn (£24.2bn) acquisition of Cable and Wireless HKT and most recently on the strategic alliance with Telstra to create IP Backbone.