DEALS

Zhong Lun Advises on Noah Education’s Going Private Transaction

Release time：2014-04-10 Voice Announcements

On April 2, 2014, Noah Education Holdings Ltd. (NYSE: NED), a leading provider of education services in China, announced that it has entered into a definitive Agreement and Plan of Merger in connection with its going-private transaction, which is currently expected to close during the third of the fourth quarter of 2014. The transaction values Noah Education’s equity at approximately US$107.4 million on a fully diluted basis.

After the completion of the transaction, Noah Education will be beneficially owned by a consortium comprised of Morgan Stanley Private Equity Asia and the following roll-over existing shareholders of Noah Education: Baring Private Equity Asia, Noah Education’s Chairman and CEO Dong Xu as well as its directors Tang Benguo, Wang Xiaotong, Du Siyuan and Du Qicai. The consortium intends to fund this transaction through a cash contribution from MSPEA.

Zhong Lun Law Firm has acted as the PRC counsel to the consortium in this transaction. The legal team from Zhong Lun is led by Anthony Zhao, and its core members include William Jia, Ada Jiang, Vega Huang and Jane Chen.

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Zhong Lun Advises on Noah Education’s Going Private Transaction