Partner Anna Chong and Associate Charissa Ball advised 58.com on its US$8.7 billion going-private transaction involving a merger 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 marketplace for classifieds and was officially listed on the NYSE in 2013 (NYSE: WUBA).
This matter was also among the winners of China Business Law Journal’s Deals of the Year 2020, FinanceAsia Achievement Awards 2020’s Venture Capital/Private Equity Deal of the Year, The Asia Legal Awards 2021’s Finance Deal of the Year: Acquisitions, as well as IFLR Asia-Pacific Awards 2021’s Private Equity Deal of the Year.
The ALB Hong Kong Law Awards ceremony was held virtually on 10 September. This annual law awards event recognizes the excellence and outstanding achievements of Hong Kong’s leading law firms and in-house legal teams, and celebrates top deals and dealmakers over the last year. The awards are judged by at least 25 senior and expert legal industry leaders from various sectors to correspond to the diverse list of award categories.
To view the full results, please visit: https://www.legalbusinessonline.com/law-awards/alb-hong-kong-law-awards-2021.