Skadden Advises Carlyle Group On SouGun Holdings Limited Investment.

Legal News & Analysis – Asia Pacific - China - Private Equity

21 September, 2015

 

SouFun Holdings Limited, the leading real estate Internet portal in China, announced on September 18, 2015, that Safari Group Holdings Limited and Safari Group CB Holdings Limited (both beneficially owned by Carlyle Group), together with IDG Alternative Global Limited (an affiliate of IDG Capital Partners) and SouFun's management (mainly founder and CEO Vincent Mo) will invest between US$400 million and US$700 million (of which 50% will be convertible notes) to purchase SouFun's newly issued Class A ordinary shares and convertible notes.  Skadden is advising Carlyle Group on the transaction.
 
The Skadden team includes partners Greg Miao, Peter Huang, and Daniel Dusek, counsel Andre Zhu, associates Olivia Odell, Mike Kung, Ye Sun, and international legal project manager Nick Shu (Corporate), partner Brian Breheny and counsel Ted Yu (regulatory compliance), and partner Clive Rough (finance).