Alibaba’s Acquisition of Remaining Shares in Ele.me

Simpson Thacher is representing Alibaba Group Holding in its acquisition of all of the outstanding shares that it does not already own in Ele.me, a leading online delivery service in China, to deepen the platform’s integration into Alibaba’s ecosystem and further expand the technology company’s New Retail strategy for local services.

The transaction implies an enterprise value of $9.5 billion for Ele.me. Alibaba and its affiliate, Ant Small and Micro Financial Services Group, currently own approximately 43% of Ele.me.

Alibaba Group Holding Limited operates as a holding company. The Company, led by Jack Yun Ma, Tsai Chung and Zhang Yong, provides internet infrastructure, e-commerce, online financial, and internet content services through its subsidiaries. Alibaba Group Holding offers its products and services worldwide. Alibaba in 2017 recorded $24 Billion Revenues.

The Simpson Thacher team leading this transaction includes Katie Sudol (Picture), Erik Wang, Sandra Kister, Sonya Ho and Matthew Leung (M&A).

 

Involved fees earner: Kathryn King Sudol – Simpson Thacher & Bartlett; Erik Wang – Simpson Thacher & Bartlett; Sandra Kister – Simpson Thacher & Bartlett; Sonya Ho – Simpson Thacher & Bartlett; Matthew Leung – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Alibaba Group Holding Ltd;

 

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Author: Michael Patrini