Corporate
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Mr. Lehmkuhler is a member of Davis Polk & Wardwell’s Corporate Department and has worked in the firm’s Hong Kong and Tokyo offices since 1997. His work focuses on merger and acquisition transactions, including private equity portfolio investments, leveraged buyouts, tender offers, and cross-border joint ventures and strategic alliances throughout Asia. Mr. Lehmkuhler has also advised a number of institutional clients in connection with the formation of Asia-focused private equity funds and other investment vehicles. He also has significant experience in Asian high-yield bond financings and other capital markets transactions.
The M&A matters Mr. Lehmkuhler has worked on recently include advising the independent committee of Advanced Semiconductor Engineering (ASE), the world’s largest independent semiconductor packaging and testing company, in connection with a proposed US$5.6 billion buyout by an investor consortium led by The Carlyle Group and advising ASE on its recently announced US$780 million going-private acquisition of the public shareholding of its Nasdaq-listed Singapore subsidiary ASE Test; advising PCCW Limited, the leading provider of local and international telecommunications services on Hong Kong, in its US$250 million offer to acquire substantially all the businesses and assets of SUNDAY Communications Limited, one of the largest providers of 2G and 3G wireless communications and data services in Hong Kong; advising Morgan Stanley as financial adviser to the special committee of STATS ChipPAC, a Nasdaq- and Singapore-listed semiconductor company, in connection with a US$1.5 billion tender offer by Temasek, its major shareholder; advising Goldman Sachs on its investment in HONY Capital Fund III; advising GE Commercial Finance on its investment in Credit Orienwise, a leading PRC financial services company, and CITIC Capital China Partners, a PRC-focused private equity fund; advising ICBC, the largest bank in China, on its strategic sale of a 10% stake for US$3.8 billion to Goldman Sachs, Allianz and American Express; advising CNOOC Limited on its US$18.5 billion attempted acquisition of Unocal; advising Credit Suisse on its formation of the China Renaissance private equity joint venture; advising Linktone, a Nasdaq-listed PRC wireless services company, in connection with its takeover by PT Media Nusantra Citra, an Indonesian telecommunications and media company; advising Profit Eagle on its acquisition of the minority public interest in Superdata Software; advising the Indian government in its US$2.5 billion sale of a 20% stake in Oil and Natural Gas Corporation, the largest Indian privatization in history; advising Ajinomoto on the sale of its 50% interest in a series of interlocking Asian joint ventures to Unilever; advising BancTec (a Welsh, Carson, Anderson & Stowe portfolio company) on the sale of its Japanese subsidiary to local management and JAFCO, a major Japanese buyout fund; advising Tata Group on its tender offer for VSNL, the major Indian international long-distance phone company; and advising NCR on its strategic alliance with Fujitsu.
Mr. Lehmkuhlers recent capital markets experience includes representing underwriters in various high-yield debt offerings by a number of Asian issuers, including True Move, a Thai mobile phone operator; Mandra Forestry, a PRC-based natural resources company; and Galaxy Holdings, a Macau casino developer; representing Morgan Stanley as underwriter in the Nasdaq IPOs of 51job, Inc., the leading PRC recruitment services company, and Vimicro, a leading PRC-based fabless semiconductor company; and representing issuers and underwriters in various other capital markets transactions, including a US$1 billion equity offering by Bangkok Bank.
In 2000, Mr. Lehmkuhler served for one year as an executive director of The iReality Group, an Asian tech-focused boutique investment bank, where he specialized in M&A advice and transaction execution throughout the Asia-Pacific region for iReality and its clients.
He was an associate at Davis Polk from 1995 to 2000 and rejoined the firm in 2001. He was counsel from 2006 to 2008 and became a partner in 2008.
Mr. Lehmkuhler graduated from the University of Virginia in 1986, where he was an Echols Scholar. In 1995, he received his J.D., Order of the Coif, from the University of Virginia School of Law, where he was on the editorial board of the Virginia Law Review. He is admitted to the bar of New York.
Mr. Lehmkuhler is listed as a leading lawyer in Chambers Asia (2008).