In the News

Haynes and Boone Represents Afore XXI in $1.6 Billion Pension Fund Purchase

MEXICO CITY – A team of Haynes and Boone, LLP attorneys represented Afore XXI in its bid and agreement to acquire Afore Bancomer from Spain’s Banco Bilbao Vizcaya Argentaria (BBVA) for about $1.6 billion.

The Haynes and Boone attorneys, led by Mexico City Partner Jorge Labastida, conducted due diligence, gave regulatory and corporate advice and worked on the Mexican and New York legal aspects of the bid documents and transaction agreements. >>

Latin Lawyer: Banorte Creates Mexico’s Largest Pension Fund with AFORE Buy

Covington & Burling LLP’s New York and Washington, DC offices; the Mexico City and New York offices of Haynes and Boone, LLP; and Jones Day (Mexico) are advising Grupo Financiero Banorte and its private pension fund affiliate AFORE XXI Banorte, in the acquisition of AFORE Bancomer from Spain’s BBVA for US$1.6 billion – creating the largest pension fund in Mexico. >>

George Wang in International Financial Law Review: US Lawsuit Reveals Cfius Review Defects, ChinaCo Fears

The first lawsuit against the US foreign investment regulator reveals a spike in US protectionism, and problems with the national security review of inbound investments. >>

George Wang in the Wall Street Journal: SEC's 'Conflict Minerals' Rules Open Companies to Activists

New rules issued by the Securities and Exchange Commission that require U.S.-listed companies to disclose whether their products contain minerals blamed for fueling violence in central Africa could open companies up to challenges from activist shareholders. >>

George Wang in the Wall Street Journal: Conflict Minerals Rules Could Reverberate Through Supply Chain

New rules for conflict minerals have been in the works for a long time, but much of the impact on manufacturing supply chains has yet to be felt. >>



Recent Publications

U.S. Actions Demonstrate that National Security Concerns Are a Risk, But Not a Certain Roadblock, to Chinese Investments: Good Advice, Careful Planning and Smart Execution Are Critical

The Exon-Florio Amendment gives CFIUS and the President the power to block or order divestitures before approving a "covered transaction," meaning any merger or takeover of a U.S. company that results in foreign control and that threatens to impair U.S. national security. >>

SEC Requires New Disclosures by Resource Extraction Issuers

In the next year, companies that work in the development of oil, natural gas or minerals will have to publicly make new disclosures of payments of $100,000 or more made to governments. The $100,000 threshold is on a project-by-project basis, and will require companies to provide details of the type and amounts of payments made. >>



George H. Wang

Partner

New York


30 Rockefeller Plaza
26th Floor
New York, 10112
T +1 212.659.4991
F +1 212.884.8251

Áreas de Practica

Educación

  • J.D., Cornell Law School, 1978
  • M.S., Massachusetts Institute of Technology, 1975
  • B.S., Cornell University, 1973

Bar Admissions

  • New York
  • U.S. Patent and Trademark Office
George H. Wang

George H. Wang is a partner in the Mergers and Acquisitions and Private Equity Practice Groups in the New York office of Haynes and Boone, LLP. He has extensive experience in mergers and acquisitions, securities offerings, strategic alliances, financings, fund and venture capital transactions, licensing matters and general commercial advice.

George represents domestic and foreign clients in a wide variety of industries, including energy, financial services, telecommunications, technology, consumer products, insurance, real estate and life sciences.

Representative Experience

Mergers and Acquisitions

  • Acquisition for $1.6 billion by Mexican pension fund, Afore XXI, of Afore Bancomer from Spain’s Banco Bilbao Vizcaya Argentaria creating Mexico’s largest pension fund.
  • Numerous acquisitions for a European-based private equity firm to establish a multi-billion dollar platform company located in the United States with operations in North America, Europe, Asia and Latin America.
  • Represent South Korean solar panel manufacturer in auction bid for $300 million greenfield solar farm in Southwestern United States.
  • Various going private transactions for controlling shareholders and issuers.
  • Various tender offers and tender offer-merger transactions for European and Asian-based acquirers.
  • Sale of aviation assets by a European group to a Chinese investment fund.
  • Acquisition for various European-based clients of target companies operating throughout Asia, South America, Europe and North America.
  • Divestiture of an AMEX-listed distribution company to a publicly-traded German-based conglomerate.
  • On behalf of a French publicly-traded company, merger with a Canadian-based NASDAQ-listed technology company.
  • Various stock and asset acquisitions, divestitures and mergers.

Securities Offerings

  • Initial and secondary public offerings for issuers and underwriters.

Private Equity and Venture Capital

  • Later stage venture investments in Chinese digital media and online payment processing ventures.
  • Equity roll-over and similar transactions with various private equity firms.
  • Formation of co-investment private equity, venture capital and hedge funds.
  • First and later stage convertible preferred stock and bridge financings for venture funds and portfolio companies engaged in online procurement, telecommunications, medical devices and other businesses.
  • A bridge financing for an angel investor investing in the combination of an Asian manufacturer of integrated cellular phones/personal data address book organizers, and a U.S.-based distributor of cellular products.

Technology and Life Sciences

  • Later stage venture investment in an in vivo biomarker medical technology company.
  • Acquisition for a French group of a U.S. medical reagents manufacturer.
  • A cross-licensing transaction between a major European blood bank and a NASDAQ-traded biotechnology company.
  • A supra-voting exchange offer and change of control transaction for a leading manufacturer of medical devices.
  • A cross-licensing joint venture for U.K. and U.S. chip manufacturers for development of state of-the-art chipsets.
  • Licensing agreements for a variety of technology-based companies.

Other Transactions

  • Licensing agreements for a leading French fashion house for the domestic licensing of its globally known trademarks in the fashion and related industries.
  • Revolving credit, term loan and letter of credit facilities on behalf of various corporate borrowers.
  • Equity financing for a U.S. investor in a Chinese joint venture established to commercialize cosmetics products in the domestic Chinese market.

Professional Leadership and Recognition

  • Asian American Federation, Chairman, 2011-current; Board of Directors; past Treasurer; past Annual Gala Chair
  • Co-Founder, The Geneva School of Manhattan
  • Former member of the Board of Trustees and Development Chair of the Metropolitan Montessori School
  • Served as an Educational Counselor for the Massachusetts Institute of Technology (more than 15 years)
  • Recipient of the 2006 Outstanding 50 Asian Americans in Business Award
  • Martindale Hubbell® Law Directory with a Peer Review Rating of AV® Preeminent™

Selected Publications and Speeches

  • "Dodd-Frank Act - Proposed Rules to Implement Sections 1502-1504 relating to Conflict Minerals, Mine Safety and Payments by Resource Extraction Issuers." 
  • "Investment Opportunities in the Private Equity Sector," Panelist, Paris Europlace Financial Forum, Waldorf-Astoria Hotel, New York.

Memberships

  • American Bar Association
  • Association of the Bar of the City of New York
  • Arbitrator and Member of the Board of Arbitrators of the Financial Regulatory Authority, Inc. (FINRA)

Online Publications

03/14/2013 - U.S. Actions Demonstrate that National Security Concerns Are a Risk, But Not a Certain Roadblock, to Chinese Investments: Good Advice, Careful Planning and Smart Execution Are Critical
The Exon-Florio Amendment gives CFIUS and the President the power to block or order divestitures before approving a "covered transaction," meaning any merger or takeover of a U.S. company that results in foreign control and that threatens to impair U.S. national security.

09/24/2012 - SEC Issues Rules on Disclosing Use of Conflict Minerals
The Securities and Exchange Commission (the “SEC”) has implemented Congress’ initiative to use disclosure requirements of U.S. securities laws to inhibit the ability of armed groups in the Democratic Republic of the Congo to fund their activities through the exploitation of trade in conflict minerals.

09/13/2012 - SEC Requires New Disclosures by Resource Extraction Issuers
In the next year, companies that work in the development of oil, natural gas or minerals will have to publicly make new disclosures of payments of $100,000 or more made to governments. The $100,000 threshold is on a project-by-project basis, and will require companies to provide details of the type and amounts of payments made.

07/05/2012 - Law360 Guest Article: Facing CFIUS: Better Safe Than Sorry
The Committee on Foreign Investment in the United States recently blocked yet another acquisition involving Chinese investors.

01/31/2012 - The Wall Street Journal Letter to the Editor: Say No to a U.S.-China Trade War
Regarding Alisa Newman Hood's "American Heads in the Shale About China" (op-ed, Jan. 5), Congress should look favorably on the investment by Chinese firms in U.S. shale plays.