Jurisdiction - China
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Orrick Advises On USD 155m Take-Private Of Sungy Mobile.

11 June, 2015

 

Orrick, Herrington & Sutcliffe is representing Mr. Yuqiang Deng, Chairman and CEO of Sungy Mobile Limited (the “Company”), and the consortium that he formed in taking the Company private. The consortium consisted of Sungy Mobile’s co-COO Mr. Zhi Zhu, several funds managed by IDG Capital Partners and CBC Mobile Venture Limited. Based in China, Sungy Mobile is a provider of mobile internet projects and services. It went public in November 2013.

 

Sungy Mobile has entered into an Agreement and Plan of Merger with Sunflower Parent Limited (“Parent”) formed by Mr. Yuqiang Deng, the consortium and Sunflower Merger Sub Limited, a wholly owned subsidiary of Parent.

 

The deal values Sungy Mobile at approximately USD 155m and is expected to close during the second half of 2015, subject to customary closing conditions. 

 

The Orrick team is led by partners Jie (Jeffrey) Sun and Richard Vernon Smith.

 

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