凯易团队牵头律师为合伙人Daniel Dusek 、林晓希、郑蓓旎、David Irvine；威嘉团队牵头律师为合伙人Tim Gardner、Chris Welty。
Numerous firms on the second largest go-private deal of CCS to date
Chinese online classifieds 58.com has agreed to be taken private by an investor group for $8.7 billion.
Fenwick & West has represented the Special Committee in the deal, while Skadden, Arps, Slate, Meagher & Flom and Han Kun Law Offices acting as the U.S. and PRC legal counsels, respectively. Conyers Dill & Pearman has advised 58.com under Cayman Islands laws.
Meanwhile, Wilson Sonsini Goodrich & Rosati, Paul, Weiss, Rifkind, Wharton & Garrison, Kirkland & Ellis and Weil, Gotshal & Manges are serving as international co-counsels to the buyer group, with Fangda Partners and Maples and Calder advising under PRC laws and Cayman Islands laws, respectively. Linklaters has advised the financing banks in the deal.
The take-private consortium includes Warburg Pincus, General Atlantic, Ocean Link Partners, 58.com Chief Executive Officer Yao Jinbo. This is by far the second largest go-private deal of a Chinese Concept Stock company, slightly short of internet giant 360’s $9 billion deal in 2016.
Founded in 2005, 58.com operates China's largest online classifieds marketplace through both its website and mobile applications. It was listed in New York in 2013. 58.com is the second Chinese Concept Stock withdrawing from the U.S. capital market in less than a week, after Bitauto’s $1.1 billion deal.
The Kirkland team was led by partners Daniel Dusek, Lin Xiaoxi, Jacqueline Zheng and David Irvine; meanwhile the Weil team was led by partners Tim Gardner and Chris Welty.
To contact the editorial team, please email ALBEditor@thomsonreuters.com.