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Kirkland & Elis Advising On Strategic Acquisition In LightInTheBox By Aokang.

11 June, 2015

 

Kirkland & Ellis is advising the selling shareholders of LightInTheBox, a global online retail company, in connection with a share sale transaction pursuant to which Zhejiang Aokang Shoes Co., Ltd. has agreed to acquire a total of approximately 25.66% equity interest in LightInTheBox from such shareholders for an aggregate amount of USD 77.3m at USD 6.30 per American Depositary Share. The transaction was announced on June 10, 2015.

 

The Kirkland team is being led by partners David Zhang, Jesse Sheley and Frank Sun.

 

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