Orrick Advises on US$1B Take Private of Perfect World


Orrick, Herrington & Sutcliffe is advising Michael Yufeng Chi, the founder and chairman of Chinese gaming company Perfect World Co. Ltd. (NASDAQ: PWRD), as he takes the company private. Beijing-based Perfect World is the latest take-private of a U.S.-listed Chinese company and has entered into an Agreement and Plan of Merger with Perfect Peony Holding Company Limited (Parent), beneficially owned by Mr. Chi and Perfect World Merger Company Limited, a wholly owned subsidiary of Parent. The deal values Perfect World at approximately US$1 billion. 

The Orrick team is led by Shanghai-based Corporate partner Jie (Jeffrey) Sun and San Francisco-based M&A and Private Equity partner Richard Vernon Smith and also includes San Francisco-based M&A and Private Equity senior associate Hari Raman and Shanghai-based Corporate associate Lu (Echo) Wang

Please find a link to Perfect World’s press release here​.