Kirkland & Ellis represents a consortium comprising affiliates of Carlyle Asia Partners III, L.P., Sequoia Capital China Growth 2010 Fund, L.P. and Actis LLP as well as certain management shareholders in Keystone Lodging Company Limited’s agreement to acquire 7 Days Group Holdings Limited (NYSE: SVN). The transaction contemplated under the merger agreement, announced on February 28, 2013, implies an equity value for 7 Days Group of approximately $688 million. 7 Days Group is a leading economy hotel chain based in China. The merger is expected to close in the second half of 2013, and if completed, will result in 7 Days Group becoming a privately held company and no longer listed on the NYSE.
The Kirkland team is led by partners David Zhang, Ashley Young, Jesse Sheley, Douglas Murning and Stephanie Tang, and consists of associates Aly Kassam and Steve Lin and consultant Julia Yu. Support on litigation-related matters is being provided by partner Samuel Williamson and associate Tiana Zhang.
Skadden, Arps, Slate, Meagher & Flom LLP is acting as co-counsel to the consortium in this transaction.
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