trending Market Intelligence /marketintelligence/en/news-insights/trending/kht0vpmqruyevooe_2g_gg2 content esgSubNav
In This List

Billionaire Jack Ma's Yunfeng Capital, Alibaba to take iKang Healthcare private

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


Billionaire Jack Ma's Yunfeng Capital, Alibaba to take iKang Healthcare private

IKang Healthcare Group Inc. will go private after being acquired by two entities owned by Chinese billionaire Jack Ma.

Private equity firm Yunfeng Capital and e-commerce giant Alibaba Group Holding Ltd. entered definitive agreements to buy the Beijing-based healthcare services provider for $41.20 per common share or $20.60 for every American depositary stock acquired.

Jack Ma is the co-founder of both Yunfeng Capital and Alibaba.

IKang will be delisted from Nasdaq once the acquisition goes through, expected in the third quarter of the year.

J.P. Morgan Securities (Asia Pacific) Ltd., Simpson Thacher & Bartlett LLP, Walkers and Junhe LLP advised the iKang board on the deal. Davis Polk & Wardwell LLP and King & Wood Mallesons are serving as legal counsel to iKang.

Wilson Sonsini Goodrich & Rosati and Fangda Partners are serving as legal counsel to the buyers.