Simpson Thacher Represents Yunfeng in Investment in Alibaba Group Holdings Limited
09.27.11
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The Firm is representing Yunfeng Capital, a China-based private equity sponsor (“Yunfeng”), in connection with an investment in Alibaba Group Holdings Limited (“Alibaba Group”). The primary objective of the investment is to provide liquidity to Alibaba Group’s employees. Affiliates of Yunfeng, together with DST Global and Silver Lake, will be serving as lead investors in the employee liquidity program. Alibaba Group is a global e-commerce leader and the largest e-commerce company in China.
In connection with its investment in Alibaba Group, the Firm represented Yunfeng Capital in the formation and launch of two special purpose investment funds.
The Simpson Thacher team includes Leiming Chen, Philip Culhane, Adam Furber, Caitlin Gall, Richard Lin, Ying (Catherine) Wang, Justin Wong and Sarah Tang (Corporate).