Capital Markets (International Firms) Department

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What the team is known for Solid practice with extensive local expertise and a long history of acting on equity matters. Regularly advises sponsors and underwriters on IPOs and listings on the Hong Kong Stock Exchange. Also demonstrates experience handling cross-border debt issuances. Established record acting for clients in the healthcare, construction and finance industries.

Strengths Clients appreciate the firm's considerable experience in this market, noting: "They have a large market share in IPOs, so they have very high exposure and excellent execution experience. This gives them an edge and they can always come up with solutions. I also like that they have people with accounting backgrounds helping with drafting."

Another client adds: "The Deacons team is very capable and is one of the most experienced firms in the market. Capital markets is one of their stronger areas. They are nice people, and they have resources and depth."

Work highlights Advised BNP Paribas Securities as sole underwriter on the HKD2 billion one-for-three rights issue by TCL Multimedia Technology.

Represented Huajin Securities in the approximately HKD1.4 billion top-up placing by Jiayuan International.

Notable practitioners

Ronny Chow is well respected for his handling of IPOs, rights issues and secondary offerings. "He's very experienced and commercial, as well as very responsive and helpful," says one client.