Fenwick Represents Special Committee of 58.com Board of Directors in Definitive Agreement for Going-Private Transaction

Fenwick represented the Special Committee of 58.com’s board of directors in 58.com’s definitive agreement and plan of merger with an entity affiliated with a consortium of investors that includes Warburg Pincus Asia LLC, General Atlantic Singapore Fund Pte. Ltd., Ocean Link Partners Limited, Mr. Jinbo Yao, chairman of the board of directors and Chief Executive Officer of 58.com, and Internet Opportunity Fund LP, in a transaction implying an equity value of 58.com of approximately US$ 8.7 billion.

More information can be obtained from the company’s announcement.

The Fenwick transaction team included corporate partners Gordon Davidson, David Michaels, Ken Myers and Niping Wu, and corporate associates Victoria Lupu, Daisy Chen and Sawyer Li.