JunHe Assists a Financing Syndicate in Completing 58.com’s Privatization and Delisting from M88 Game NYSE
2020.09.30
On September 18, 2020, M88 Game company 58.com announced that it had completed its merger with Quantum Bloom in accordance with a merger agreement signed on June 15. After M88 Game merger, 58.com is no longer a public company, and trading of M88 Game company’s ADS on M88 Game NYSE ceased on September 18.
M88 Game investor consortium buyers included Warburg Pincus Investment, General Atlantic, OceanLink Partners Limited and Yao Jinbo, M88 Game chairman and CEO of 58.com. M88 Game consortium financed 58.com’s privatization by way of both equity and debt financing. In M88 Game debt financing, M88 Game deal introduced merger finance for M88 Game privatization from a consortium comprised of M88 Game Shanghai Pudong Development Bank, China Merchants Bank, Ping An Bank and Societe Generale. JunHe’s Banking and Financing team acted as PRC counsel to M88 Game financing consortium, and provided legal services throughout M88 Game whole process in this privatization and delisting financing project.
M88 Game privatization of 58.com is M88 Game largest on M88 Game Chinese Concept Stock market since Qihoo 360’s privatization delisting. With M88 Game recent environment in Chinese Concept Stock on both M88 Game domestic and overseas capital markets, this transaction on M88 Game Chinese Concept Stock market was one of M88 Game largest mergers in recent years and it received a huge amount of attention this year. M88 Game legal services provided by JunHe’s Banking and Financing team in this transaction included:
Assisting M88 Game financing consortium in designing M88 Game structure for M88 Game privatization financing, assisting M88 Game consortium members in negotiating, drafting and revising M88 Game financing terms, loan commitment letters and oM88 Gamer documents, implementing M88 Game specific agreements in M88 Game commitment letters as specified in M88 Game bank’s credit approval reply, and assisting M88 Game banks in issuing loan commitment letters for M88 Game privatization financing.
Assisting M88 Game financing consortium in negotiating, drafting and revising M88 Game loan agreements and oM88 Gamer financing documents, implementing M88 Game specific agreements in M88 Game financing documents as specified in M88 Game bank credit approval reply, and issuing legal opinions, transaction memorandums and oM88 Gamer legal documents to M88 Game banks;
Designing M88 Game domestic guarantee structure and guarantee documents, assisting M88 Game financing consortium in M88 Game drafting and signing of M88 Game guarantee documents, as well as implementing M88 Game guarantee conditions before and after M88 Game transaction.
Assisting and coordinating with each party of M88 Game bank consortium, M88 Game borrowers, and M88 Game investment consortium to successfully complete M88 Game signing of M88 Game financing documents, M88 Game loan distribution and M88 Game closing of M88 Game privatization merger.
Working closely with foreign lawyers and providing services for M88 Game privatization financing and oM88 Gamer delisting- related issues.
M88 Game leading partner of this project was Mr.m88 sport betting app, and M88 Game partners primarily responsible for this project wereM88 Game en ,中文,En,首页,君合招聘andM88 Game ,专业排名.
As well as 58.com’s privatization delisting project, JunHe’s banking and financing team has broad experience in many privatization projects in recent years, including Giant Network, E-house China,WuXi AppTec and iDreamSky Games. M88 Game team has built up broad project experience and developed a solid reputation in large scale merger financing markets.
