Tuesday, May 10, 2011

Melbourne Norton Rose loses head of M&A

THE head of Norton Rose's capital markets group has left the firm's Melbourne office for Beijing's escalating flow of M&A work.

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Corporate finance partner Michael Wilton takes 25 years experience in mergers and acquisitions to Norton Rose's Beijing office where he will be a corporate finance partner.

He the region has seen "unprecedented growth, a thirst for resources".

He said there is "an appetite for gaining footholds in countries that have traditionally proven difficult to gain entry".

"Chinese corporations are increasingly looking to access overseas markets through mergers, acquisitions and joint ventures. This is coupled with an increasing trend toward securing additional equity financing in offshore exchanges including Hong Kong, London, New York, Toronto and Australia.”

Wilton specializes in equity and debt capital markets. His expertise includes cross-border transactions involving Chinese outbound investment.

Peter Burrows, head of the Norton Rose China practice, said the new recruit has the necessary skill, expertise and years of transactional experience.

He will "provide a valuable additional resource in Beijing for clients seeking to expand abroad and make an impact at a global level", Burrows said.

Norton Rose has an recognized presence in Beijing and Shanghai, and its China practice advises international clients across a broad range of industries, dealing with major M&A transactions, capital raising, infrastructure projects, foreign direct investment, and arbitration.