Shearman & Sterling advised the special committee of China Fire & Security Group with regard to the company’s take-private acquisition by Bain Capital Partners LLC. The transaction is subject to customary closing conditions.
China Fire & Security Group, Inc. (NASDAQ: CFSG), through its wholly owned subsidiary, Sureland Industrial Fire Safety Limited (“Sureland”), 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, manufacture, sales and maintenance services of a broad product portfolio including detectors, controllers, and fire extinguishers. Founded in 1995, China Fire is headquartered in Beijing with about 430 employees in more than 30 sales and project offices throughout China. Bain Capital, LLC is a global private investment firm that manages several pools of capital, including private equity, venture capital, public equity, credit products and absolute return, with approximately $65 billion in assets under management.
The Shearman & Sterling team was led by partner Ling Huang (Beijing-Mergers & Acquisitions), counsel Sidharth Bhasin (Hong Kong-Mergers & Acquisitions), and associates Xinmei Chen (Beijing-Mergers & Acquisitions), Yan Liang (Beijing-Mergers & Acquisitions), Yan Xiao (Beijing-Mergers & Acquisitions) and Pei Zhao (Beijing-Mergers & Acquisitions). Other lawyers involved in the transaction are partners Larry Crouch (Menlo Park-Tax),Stephen Hibbard (Menlo Park-Litigation), Tina Patel (Menlo Park-Intellectual Property Transactions), and Philip Urofsky (Washington, DC-Litigation) and associates Zheng Bao (Menlo Park-Intellectual Property Transactions) and Daniel Stellenberg (New York-Executive Compensation & Employee Benefits).
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