Primavera and Ant Financial to Invest in Yum China
09.06.16
This is only gets display when printing
The Firm is representing Primavera Capital Group and Ant Financial Services Group in connection the announced total investment of $460 million in Yum China Holdings Inc. (“Yum China”), concurrent with the completion of Yum China’s spinoff from Yum! Brands, Inc (NYSE: YUM). The spinoff and concurrent completion of the investment are expected to occur on October 31, 2016, with Yum China to commence trading on the NYSE as an independent company on November 1, 2016 under the ticker symbol “YUMC.”
The Simpson Thacher team includes Patrick Naughton, Matthew Schwartz, Kyle Brett (M&A – New York); Shaolin Luo, Yang Wang and Amy Liu (M&A – Beijing); Sophie Staples (Tax); Lori Lesser and Amber Harezlak (IP); David Rubinsky and Alisa Tschorke (ECEB); Jonathan Lindabury (Derivatives); Jennifer Levitt (Banking); and James Rapp and Jennifer Nadborny (Capital Markets). Gary Horowitz (M&A – New York) provided valuable assistance.