Simpson Thacher and Skadden among firms advising on $408m Chinese wind power deal
A raft of firms are providing US, Cayman Islands and China legal advice on China Ming Yang Wind Power Group's take private
February 17, 2016 at 06:12 AM
2 minute read
US firms Simpson Thacher & Bartlett and Skadden Arps Slate Meagher & Flom and Chinese firm Jun He Law Offices are advising on China Ming Yang Wind Power Group's $408m (£285.6m) take private.
Under the agreement the group will be acquired by a consortium of investors led by Chuanwei Zhang, the chairman of the company, in an all-cash transaction.
China Ming Yang, which designs, sells and services wind turbines, will merge with a Chinese company owned by the consortium, which includes Regal Ally Limited, a Cayman Islands company.
Simpson Thacher is providing US law advice to the buyer consortium with a team led by the firm's China head and corporate partner Leiming Chen.
Hong Kong partner Christopher Bell is advising on the financing aspects of the deal, while Palo Alto partners Tristan Brown and Katharine Moir are advising on employment and tax law relating to the transaction.
Slaughter and May's best friend firm in China, Jun He, is providing PRC law advice to the consortium on the deal. Travers Thorp Alberga is serving as Cayman Islands legal counsel to the Buyer Consortium.
The independent committee that recommended the deal to the China Ming Yang's board turned to Skadden for US law advice, mandating Maples and Calder and Commerce & Finance Law Offices as Cayman Islands legal counsel and PRC counsel, respectively.
Fenwick & West is serving as US legal counsel to China Ming Yang itself.
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