Kirkland & Ellis represented the special committee of the board of directors of Yintech Investment Holdings Limited (NASDAQ: YIN) (“Yintech”), a leading provider of investment and trading services for individual investors in China, in its definitive merger agreement for a potential take-private transaction.
Pursuant to the agreement, which was announced on August 17, 2020, Yintech will be acquired by a buyer group comprised of Mr. Wenbin Chen, co-founder, chairman of the board of directors and chief executive officer of Yintech, Mr. Ming Yan, co-founder and director of Yintech, Ms. Ningfeng Chen, co-founder and director of Yintech, and certain other shareholders of Yintech. The transaction was valued at US$540.2 million.
Read the Yintech press release
The Kirkland team is being led by corporate partners David Zhang and Xiaoxi Lin.