28 July 2015
Kirkland & Ellis is advising Mr. Xin Jin, Mr. Rubin Li and Mr. Jinbo Yao, the founders of Xueda Education Group (NYSE: XUE) (“Xueda”), a leading national provider of personalized tutoring services for primary and secondary school students in China, in connection with its definitive agreement and plan of merger with Xiamen Insight Investment Co., Ltd. (Shenzhen: 000526.SZ) (“Insight”), a joint stock company established under the laws of the People’s Republic of China, pursuant to which Insight will acquire Xueda for US$2.75 in cash per ordinary share or US$5.50 in cash per American Depositary Share of Xueda. The transaction was announced on July 27, 2015.
The Kirkland team on the transaction is led by Hong Kong corporate partners David Zhang and Jesse Sheley, with assistance from corporate partners Benjamin Su and Amie Tang.
For additional information, please see press release here: http://finance.yahoo.com/news/xueda-education-group-enters-definitive-100000459.html
