Davis Polk Advises the Special Committee of Jiayuan.com on Its Acquisition by Baihe
Davis Polk is advising the Special Committee of Jiayuan.com International Ltd. (“Jiayuan”) in connection with its acquisition for $5.04 per ordinary share or $7.56 per American Depository Share by Baihe Network Co., Ltd. (“Baihe”). The transaction is subject to customary closing conditions, including approval by the shareholders of Jiayuan, and is expected to close no later than the first half of 2016.
Headquartered in Shanghai, China, and listed on NASDAQ, Jiayuan operates the largest online dating platform in China. Jiayuan is committed to providing a trusted, effective and user-focused online dating platform that addresses the dating and marriage needs of China’s rapidly growing urban singles population. Baihe is listed on the National Equities Exchange and Quotations of the PRC and is among the largest matchmaking and online dating service providers in China and its online platform Baihe.com is a leading marriage matchmaking platform in China.
The Davis Polk corporate team includes partners Howard Zhang and James C. Lin, counsel Sam Kelso and registered foreign lawyer Ming Chi. Members of the Davis Polk team are based in the Hong Kong and Beijing offices.