Beijing-headquartered Han Kun Law Offices and DLA Piper are advising the chairman and majority shareholders of China Fire & Security Group on its US$266 million acquisition by an affiliate of private investment firm Bain Capital Partners.
The Beijing-based maker of fire detectors and safety products entered a merger agreement with Amber Parent Ltd., an affiliate of Bain Capital and Amber Mergerco Inc. on May 20. The takeover, which is still subject to shareholder approval, is expected to close by mid November and will result in the company’s delisting from Nasdaq. Under the merger agreement, China Fire will receive US$9 per share in cash.
A Han Kun team led by Li Chaoying, Yang Ying and Chai Na advised China Fire’s chairman, Weigang Li, and select members of the management committee who hold approximately 59 percent of the voting rights in the company. The company’s special committee tapped Sherman & Sterling for US federal law advice, and turned to Bilzin Sumberg Baena Price & Axelrod for advice on Florida state law. DLA Piper served as the international counsel to China Fire.
A Kirkland & Ellis team comprising of Hong Kong-based partners David Eich and Jessey Sheley and US partners is Samuel Williamson and Joshua Korff is advising Bain Capital on U.S. and English laws.
Davis Polk & Wardwell is advising Barclays Capital, Bain’s financial advisor, and Allen & Overy is advising the deal’s underwriters including the Bank of America, Citibank and HSBC on U.S. and English law. Hong Kong-based banking partner Ashley Young and corporate partner Mark Roppel are leading the firm’s team. ALB
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