DEALS
Zhong Lun Advises on Merger of Jiayuan.com and Baihe.com
Zhong Lun Advises on Merger of Jiayuan.com and Baihe.com
On 7 December 2015, Jiayuan.com International Ltd. (NYSE:Date), operator of the largest online dating platform in China, announced that it concluded a Definitive Agreement and Plan of Merger in connection with its privatization and merger with Baihe Network Co., Ltd., which is listed on China’s over-the-counter National Equities Exchange and Quotations.
The transaction is currently expected to close during the first quarter of 2016. Jiayuan’s equity is valued at approximately USD240-250 million on a fully diluted basis. After completing the transaction, Jiayuan will become a wholly owned indirect subsidiary of Baihe.
Zhong Lun Law Firm acted as China counsel to Jiayuan. The legal team was led by Anthony Zhao, with assistance from William Jia, Sammy Hsia, Ada Jiang, Crystal Li and others.
Professionals
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Anthony ZHAO
Equity Partner
ShanghaiPractices： Hong Kong & Overseas Capital Markets,Private Equity & Investment Funds,Cross-border Investment/M&AIndustries： Telecommunications & Internet,Information & Intelligence Technology,Healthcare,Pharmaceuticals & Life Sciences,Education & Training,Media-Sports & Entertainment,Banking & Financial Services,Financial Innovation & Fintech -
Anthony ZHAO
Equity Partner
Shanghai
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