SORL Auto Parts, Inc.’s $91 Million Selling To A Consortium

O’Melveny is representing a buyer consortium to acquire SORL Auto Parts, Inc. (NASDAQ: SORL) (“SORL”) in a “going-private” transaction.

SORL is a leading manufacturer and distributor of automotive brake systems as well as other key safety-related auto parts in China.

Pursuant to the merger agreement signed on November 29, 2019, the buyer consortium led by the controlling shareholders of SORL will acquire all of the outstanding shares of SORL for $4.72 per share, representing an aggregate equity valuation of approximately US$91 million. The transaction is expected to close in the second quarter of 2020.

The O’Melveny team was led by partners Geng Ke (Picture), Nima Amini and counsel Alan Bao.

Involved fees earner: Nima Amini – O’Melveny & Myers LLP; Alan Bao – O’Melveny & Myers LLP; Ke Geng – O’Melveny & Myers LLP;

Law Firms: O’Melveny & Myers LLP;

Clients: SORL Auto Parts, Inc;

Author: Michael Patrini