Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 29-03-2011 | Practice Area: | Corporate and M&A |
| Deal Title: | Warburg Pincus acquisition of interest in Beijing Fanhua Datong Investment Management | Industry: | Life Insurance |
| Description: |
Davis Polk advised Warburg Pincus on its acquisition of a majority equity interest in Beijing Fanhua Datong Investment Management Co., Ltd. (Datong) from CNinsure Inc. (CNI).
CNinsure is a Nasdaq-listed insurance agency and brokerage company operating in China. Datong is primarily engaged in the distribution of life insurance products in China.
Warburg Pincus is a leading global private equity firm with more than $30 billion in assets under management. Warburg Pincus invests in a range of industries, including financial services, health care and life sciences, business services, energy, information and communication technology, media, manufacturing and real estate, and has an active portfolio of over 110 companies.
The Davis Polk corporate team included partner Howard Zhang, counsel Zhan Chen and registered foreign lawyer Meng Lai. Partner John D. Paton and associate Alon Gurfinkel provided tax advice. Jenny Zeng was the legal assistant on this transaction. Members of the team are based in the Hong Kong, Beijing and London offices.
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| Financial Center: | Beijing | Value: | 500.01-1000.00 |
| Advised Party: | Private Equity Investor | Law Firm | Davis Polk |
| Target Company Jurisdiction | China | Acquiror Jurisdiction | United States |
| Classification: |
Financial Buyer Acquisitions Primary Buy-Out |
Lawyer | Howard Zhang |
