Han Kun advised Mr. Weigang Li, the Chairman of the Board of China Fire & Security Group, Inc. (Nasdaq: CFSG) in connection with the acquisition of China Fire by Bain Capital Partners and the management of China Fire
2011-06-08
Bain Capital Partners and the management of China Fire to Acquire China Fire (Nasdaq: CFSG) for $9.00 a Share.
China Fire & Security Group, Inc. ("China Fire" or "Company") has entered into a definitive merger agreement with the affiliates of funds managed by Bain Capital Partners, LLC ("Bain Capital") on May 20, 2011. Under the terms of the merger agreement, each share of the Company's common stock issued and outstanding immediately prior to the effective time of the merger will be cancelled in exchange for the right to receive $9.00 in cash. The offer represents a total consideration of approximately $265.5 million. The merger is currently expected to close before November 15, 2011.
Han Kun advised Mr. Weigang Li, the Chairman of the Board of the Company in connection with the acquisition of the Company by Bain Capital and the management of the Company.
China Fire & Security Group, Inc. is a leading total solution provider of industrial fire protection systems in China. Leveraging on its proprietary technologies, China Fire is engaged primarily in the design, manufacturing, sales and maintenance services of a broad product portfolio including detectors, controllers, and fire extinguishers.
The leading lawyers involved in this deal are Charles Li, Ying Yang, and Irene Cai.
