16 June, 2020
Skadden is advising the special committee of the board of directors of Bitauto Holdings Ltd., a leading provider of internet content and marketing services, and transaction services for China's automotive industry, in its US$ 1.1 billion going-private acquisition by an investor consortium led by Morespark Limited, an affiliate of Tencent Holdings Limited and Hammer Capital Opportunities Fund L.P. The transaction is currently expected to close in the second half of 2020 and is subject to customary closing conditions.
The Skadden team was led by partners Julie Gao (Hong Kong) and Peter Huang (Beijing), with Layton Niu, Associate (Hong Kong) and Cindy Zhiran Li, Associate (Hong Kong).
