Llinks Law Offices has acted for Chinese supermarket chain operator Yonghui Superstores, which joined forces with U.S.-based Bain Capital Private Equity to acquire Connecticut-based Daymon Worldwide for $413 million.
Retail services provider Daymon was represented by McDermott Will & Emery. Meanwhile, Bain Capital tapped Kirkland & Ellis as its international counsel and Haiwen & Partners as its PRC counsel.
Under the agreement, Yonghui will pay $165 million to acquire a 40% percent stake in Daymon while Bain Capital will purchase the remaining 60 percent, according to a Reuters report. Bain Capital said it would purchase the stake from current Daymon shareholders.
The K&E team was led by corporate partners Nicholas Norris, Gary Li, Amie Tang and Derek Poon, Matthew O’Brien and Christopher Thomas.