21 April, 2016
E-House (China) Holdings Limited (the "Company") (NYSE: EJ), a leading real estate services company in China, announced on April 15, 2016, that it has entered into a definitive agreement and plan of merger with E-House Holdings Ltd. (“Parent”) and E-House Merger Sub Ltd. (“Merger Sub”), a wholly-owned subsidiary of Parent.
Skadden is serving as U.S. legal counsel to the buyer group, comprising Mr. Xin Zhou, the co-chairman of the board of directors and chief executive officer of the Company, Kanrich Holdings Limited, On Chance, Inc. and Jun Heng Investment Limited, each controlled by Mr. Zhou, Mr. Neil Nanpeng Shen, a member of the board of directors of the Company, Smart Create Group Limited and Smart Master International Limited, each controlled by Mr. Shen, and SINA Corporation.
The Skadden team included Julie Gao, Michael Gisser, Haiping Li, Olivia Odell and Jie Zhang.
Davis Polk is advising the special committee of the board of directors of E-House (China) Holdings Limited in connection with the going-private acquisition of E-House for $6.85 per ordinary share or American depositary share by a consortium consisting of Xin Zhou, the co-chairman and chief executive officer of E-House, Neil Nanpeng Shen, a director of E-House, and SINA Corporation. The transaction is subject to customary closing conditions, including approval by E-House’s shareholders, and is expected to close in the second half of 2016.
The Davis Polk corporate team includes partner Miranda So, counsel Sam Kelso, registered foreign lawyers Meng Ding and Ming Chi. Counsel Margie Chan and registered foreign lawyer Ying Su are providing credit advice.
