Appleby advises on privatisation of online gaming company Giant Interactive

Appleby has advised the mandated lead arrangers (MLAs) and financial advisers in relation to the $3bn (£1.8bn) privatisation of New York-listed Chinese online gaming company Giant Interactive Group.

The MLAs included China Minsheng Banking Corp, Hong Kong branch; BNP Paribas Hong Kong branch; Credit Suisse AG, Singapore branch; Deutsche Bank AG, Singapore branch; Goldman Sachs (Asia); Goldman Sachs Lending Partners; ICBC International Finance; and JP Morgan Chase Bank, NA.

The privatisation, by way of a merger in the Cayman Islands, will involve Giant Interactive merging with Giant Merger, which is acting as the buying vehicle and is controlled by a consortium consisting of Giant Interactive’s chairman Shi Yuzhu, Baring Private Equity and Hony Capital. 

The merger is expected to close during the second half of 2014.

The Appleby team was led by Jeffrey Kirk, a banking partner in Appleby’s Hong Kong office, and assisted by senior associate Rupen Shah, while Linklaters Hong Kong acted as onshore counsel to the MLAs.

This content was originally sourced from the Appleby website.

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