LawFuel.com – The Law Firm Newswire – Davis Polk is advising CITIC Capital Partners in connection with the $890 million going-private acquisition of Nasdaq-listed AsiaInfo-Linkage, Inc. by a consortium led by CITIC Capital Partners and that includes Edward Tian, a co-founder and significant stockholder of AsiaInfo-Linkage. The acquisition is subject to customary closing conditions, including receipt of required regulatory approvals and approval by AsiaInfo-Linkage’s stockholders.
CITIC Capital Partners is the private equity arm of CITIC Capital Holdings Limited, a China-focused alternative investment management and advisory company that manages over $4 billion of capital from a diverse group of international and Chinese investors. AsiaInfo-Linkage is a leading provider of high-quality software solutions and IT services to the telecommunications industry. Headquartered in Beijing, it provides a full suite of business support system and operational support solutions and associated professional services.
The Davis Polk corporate team includes partner Mark J. Lehmkuhler and associates Sam Kelso and Steven Sha. Partner Bradley Y. Smith and associate Margie Chan are providing credit advice. Partner Jeffrey P. Crandall and counsel Ron M. Aizen are providing executive compensation advice. Partner John D. Paton is providing tax advice. Partner Frank J. Azzopardi is providing intellectual property advice. Members of the Davis Polk team are based in the Hong Kong, London and New York offices.