Yuval Tal is the head of our Hong Kong office and a Partner in our Corporate Department. He is a general corporate and securities lawyer with diverse experience in cross-border mergers & acquisitions, securities offerings and corporate and real estate finance.
Yuval's practice includes representing clients on financing, mergers & acquisitions (public and private, debt and equity), reorganizations, going-private transactions and structured finance, often including cross border elements. He represents clients from their formation through their sale or public offering. He also advises his clients on day-to-day operational matters, including internal structuring, commercial transactions, employment, consulting arrangements and equity incentive programs. Yuval has worked in industries as varied as real estate, telecommunications, flight training, medical devices, fitness and entertainment. He handles many matters that are unique and the first of their kind, such as the "Swissification" of Card Guard as it converted from an Israeli to a Swiss corporation or the public offering of a Delaware company on the Tel-Aviv Stock Exchange.
Yuval represents Asian clients and clients based outside of Asia in inbound and outbound transactions. Recent representations include:
Proprium Capital Partners, LLC, in its acquisition of non-convertible debentures listed on the Bombay Stock Exchange issued by Parsavanth Estate Developers Private Limited, an India-based real estate developer
Grifols in its $1.7 billion agreement to acquire the transfusion diagnostics unit of Novartis with subsidiaries and business operations in the U.S., Europe and Asia
Jefferies in the offering of $535 million senior secured payment-in-kind notes due 2015 by MD America Energy Holdings, Inc., subsidiary of Meidu Holding Co., Ltd., a real estate development and trading company listed on the Shanghai Stock Exchange
Franshion Properties, a leading real estate developer in China listed on the Hong Kong Stock Exchange, in the subscription of 20% interest in one of its real estate project companies by Warburg Pincus
RRJ Capital Ltd. in its agreement to invest more than $300 million in Cheniere Energy Partners, LP, an owner and operator of liquefied natural gas receiving terminals in the U.S.
The Recording Academy (the Grammy® Award organization) in its strategic transaction with the Beijing Music Festival
Kardan Land in the sale of 50% of its Chengdu mall and the resulting joint venture agreement
Mori Building Co., Ltd., one of Japan’s largest real estate developers, in its investment in Hyatt Hotels Corp.
A major shareholder of China Biologic Products, a China-based biopharmaceutical company listed on NASDAQ, in its sale of shares to Warburg Pincus
Bessemer Venture Partners in its investment in Orient Green Power Company Limited, an Indian company focused on renewable energy generation
An Asia based fund in a $300 million development of a New York hotel
Yuval’s clients include JPMorgan, Jefferies, Credit-Suisse, RRJ Capital, Bessemer Venture Partners, One Equity Partners, PAG, Starwood Capital, Colony Capital, DLJ, Thor Urban Retail Fund, Big Flower, Star Ventures, Formula Ventures and Giza Venture Capital in structuring, restructuring, managing and disposing of investments in Asia, Europe and the United States.
As a member of the Private Equity Real Estate and Lodging & Gaming Groups, Yuval has worked on transactions involving mixed-use development and construction, acquisition and sale, restructuring and public offerings of real estate, hotel and casino companies. His real estate and hospitality work has included transactions for properties from China to Israel to the United States. He has many years of experience with hotel licensing, franchising and management. He has worked on projects involving Accor, Caesar’s/Harrah’s, Colony Capital, Garret Group, Hilton, Hyatt, Inter-Continental, Raffles, Starwood Capital, Starwood Hotels & Resorts, Swissotel, Wyndham and many others. Yuval has worked on single and multi-property transactions, as well as sales of chains and brands and regularly represents both owners and managers. Notable real estate projects include:
Accor's $1.3 billion sale of Red Roof Inn and $625 million sale-and-management-back transaction for eight U.S. Sofitels between Accor and a joint venture between Gem Realty Capital and Whitehall
Crowne Plaza Times Square’s sale-and-management-back transaction
The Setai’s $300 million plus development in New York
The development of a major mixed-use property in Israel
Yuval led a team awarded “Dealmaker of the Year: Hong Kong” by Acquisition International 2013. He has been consecutively recognized in the Corporate/M&A chapter of Chambers Asia-Pacific where clients refer to him as “smart and capable and very thorough.” He is also a regular speaker at real estate and hospitality related conferences such as the Hotel Investment Conference Asia-Pacific in Hong Kong, is a regular participant in the Real Estate Development Roundtable organized by the Cornell-Nanyang Institute of Hospitality Management in Singapore and has recently participated in the World Export Development Forum in Istanbul.
Prior to rejoining Proskauer in 1999, Yuval practiced law in Israel, representing Israeli clients in transactions in Europe and the United States and European and U.S.-based clients in transactions in Israel. He handled transactions for major publicly traded Israeli companies such as Clal (Israel) Ltd., LifeWatch, Kitan Consolidated Ltd., Orckit Communications Ltd., ECI Telecom Ltd., Scitex Corporation Ltd. and Tecnomatix Technologies Ltd. Since joining Proskauer, Yuval has continued to represent Israeli clients on a wide range of corporate and securities matters.