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Conyers advises the US$8.7 billion privatisation of 58.com Inc. by way of merger

Conyers acted as Cayman counsel to 58.com Inc. (“58.com”) in connection with its US$8.7 billion going-private transaction involving a merger of the Company with Quantum Bloom Company Ltd, a wholly-owned subsidiary of Quantum Bloom Group Ltd.

Founded in 2005 in Beijing, 58.com is China’s largest online market place for classifieds and was officially listed on NYSE in 2013 (NYSE: WUBA).

Partner Anna Chong and Associate Charissa Ball of Conyers’ Hong Kong office advised on the matter, working alongside Skadden, Arps, Slate, Meagher & Flom LLP and Han Kun Law Offices.

This matter won the China Business Law Journal’s Deals of the Year 2020 and the IFLR Asia-Pacific Awards 2021 for Private equity Deal of the Year.

 


Anna W.T. Chong
Partner

Hong Kong   +852 2842 9531
Mobile  +852 6469 3373


Charissa Ball
Associate

Hong Kong   +852 2842 9550
Mobile  +852 6469 0270


Accolades
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"They understood the urgency and demanding nature of the deals that we were working on - they were very responsive and commercial, and worked with us to make it happen."
- Chambers Global