Mountain View, CA (January 22, 2015)– Fenwick & West announced today that a $3 billion merger and going private transaction on which the firm advised in 2014 was named a "Deal of the Year" by China Business Law Journal.
Fenwick served as U.S. legal counsel to the special committee of the board of directors of Giant Interactive Group Inc. in its merger with Giant Investment Limited and Giant Merger Limited. Giant Interactive is a leading online game developer and operator in China, and Giant Merger Limited is a wholly owned subsidiary of Giant Investment Limited.
The merger agreement was pursuant to a going private deal involving a consortium made up of the chairman of the board of directors of Giant Interactive Group, an affiliate of Baring Private Equity Asia and an affiliate of Hony Capital Fund V, L.P. Once the merger was approved by the company's shareholders, Giant Interactive became privately held and ceased trading on the Nasdaq stock exchange.
The transaction was the second-largest going private acquisition for a Chinese company, according to The New York Times.
Fenwick corporate partners Gordy Davidson, David Michaels and Eva Wang and associate Ken Myers led the firm's team in the transaction.
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Fenwick & West provides comprehensive legal services to groundbreaking technology and life sciences companies at every stage of their lifecycle. We craft innovative, cost-effective and practical solutions for established and emerging companies on issues ranging from venture capital, public offerings, joint ventures, M&A and strategic relationships, to intellectual property, litigation and dispute resolution, taxation, antitrust, and employment and labor law. For more than four decades, Fenwick has helped some of the world's most recognized companies become and remain market leaders.