Simpson, Thacher & Bartlett has served as U.S. legal counsel to an investor consortium in a $408 million to acquire Guangdong-headquartered China Ming Yang Wind Power Group, which turned to Fenwick & West for advice regarding U.S. laws.
Ming Yang Chairman and CEO Chuanwei Zhang is heading the buyer group, which tapped JunHe to handle issues related to Chinese law, and Travers Thorp Alberga to oversee concerns regarding Cayman Islands law.
One of China’s major providers of wind energy solutions Ming Yang accepted the merger agreement based on the unanimous recommendation of its Special Committee, which was represented by Skadden, Arps, Slate, Meagher & Flom, Maples and Calder and Commerce & Finance Law Offices on U.S., Cayman Islands and PRC law, respectively.
Partner Leiming Chen oversaw the transaction for STB while Shanghai-based corporate partner Karen Yan handled the deal for Fenwick. Beijing-based partner Peter Huang led Skadden's deal team.
The consortium plans to fund the acquisition, which is expected to close in the first half of 2016, through a combination of debt financing and cash contributions from the investors. After the merger, Ming Yang will delist from New York Stock Exchange and become a privately held company.
