We advised IDG as a rollover shareholder in the going-private transaction of BEST

Davis Polk advised IDG-Accel China Capital II L.P. and IDG-Accel China Capital II Investors L.P. on the rollover of their shares in connection with the going-private transaction of BEST Inc. that values the company’s equity at approximately $54.2 million. 

IDG Capital is a private equity investment institution that has been developing venture capital business as a pioneer in China since 1993 and invests in seed, venture, growth, buyout and public market stage companies.

BEST is an integrated smart supply chain solutions and logistics services provider in China and Southeast Asia.

The Davis Polk team included partner Lijun (Annie) Yan and counsel - registered foreign lawyer Jie Zhang. All members of the Davis Polk team are based in the Beijing office.

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