2 August, 2016
Trina Solar Limited (NYSE: TSL), a global leader in photovoltaic modules, solutions, and services, announced on August 1, 2016, that it has entered into a definitive agreement and plan of merger with Fortune Solar Holdings Limited and Red Viburnum Company Limited, pursuant to which Trina Solar will be acquired by an investor consortium in an all-cash transaction. The deal values Trina Solar at approximately US$1.1 billion.
Kirkland & Ellis is advising the Special Committee of NYSE-listed Trina Solar Limited, in connection with its agreement and plan of merger with Fortune Solar Holdings Limited (“Parent”) and Red Viburnum Company Limited (“Merger Sub”), a wholly owned subsidiary of Parent, pursuant to which Trina Solar Limited will be acquired by a consortium of investors in an all-cash transaction implying an equity value of the Company of approximately $1.1 billion. The Merger Agreement was announced on August 1, 2016.
The Kirkland team is led by Hong Kong corporate partners David Zhang, Jesse Sheley, Benjamin Su and Xiaoxi Lin.
Skadden represented the investor consortium, including, among others, Mr. Gao Jifan (Trina Solar's chairman and CEO), Shanghai Xingsheng Equity Investment & Management Co., Ltd., Shanghai Xingjing Investment Management Co., Ltd., Great Zhongou Asset Management (Shanghai) Co., Ltd., Liuan Xinshi Asset Management Co., Ltd. and/or their respective affiliates.
The Skadden team includes partner Peter Huang, associates James Chang, Ning Dong, Peter Qiu and international legal consultant Alice Chunbei Li (corporate), counsel Andrew Foster and associate Kexin Li (anti-trust).
