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O’Melveny’s Berney Discusses Recent Trend for Chinese Companies Participating in Take Private Transactions in Daily JournalMarch 15, 2013
The March 15, 2013, Daily Journal article “Lawyers Help Take Chinese Companies Private” quotes from a Dealogic report noting that last year, only two Chinese companies completed US IPOs and one a reverse merger, while 18 took themselves private. As a result, deal lawyers in California have seen an uptick in going-private work, according to the report. O’Melveny & Myers LLP partner Kurt Berney commented that for "some period of time, it will be a ‘good environment’ for deal lawyers,” but added that it’s not “an infinite demand.” Berney is a member of O'Melveny's Capital Markets and Mergers and Acquisitions Practices in the Firm's San Francisco and Shanghai offices.