Kirkland & Ellis acted as international counsel to the special committee of the board of directors of LAIX Inc. (OTC: LAIXY) on its going-private transaction. A public company in the United States, LAIX is an artificial intelligence company in China that creates and delivers products and services to popularize English learning. The buyer group consists of, among others, the co-founders and senior management of LAIX and LAIX’s institutional shareholders, including GGV, IDG, Trustbridge and CMC Capital. The transaction was signed on June 17, 2022 and is expected to close in the second half of 2022.
The Kirkland team was led by transactional partners David Zhang and Rongjing Zhao.