iClick Interactive Asia Group Limited (NASDAQ: ICLK) (iClick) announced on Nov. 24 that it has entered into a definitive merger agreement, pursuant to which iClick will merge with TSH Merger Sub Limited, a special purpose vehicle controlled by the management-led buyer consortium. Upon closing iClick will become a privately-held company owned by the management-led buyer consortium.
Founded in 2009, iClick is a leading enterprise and marketing cloud platform in China. Headquartered in Hong Kong, iClick currently operates in eleven locations across Asia and Europe.
The Merger is expected to close in the first quarter of 2024, subject to customary closing conditions including requisite shareholder approval.
The Ropes & Gray team representing the management-led buyer consortium was led by private equity partner Oliver Nip and private equity counsel Boxin Wang (both of Hong Kong), and included finance partner JackieKahng (Hong Kong), mergers & acquisitions partner Suni Sreepada (New York), capital markets partners DanielForman (New York) and Craig Marcus (Boston), asset management partner Vincent Ip (Hong Kong), litigation partner Martin J. Crisp (New York), finance counsel Stephen Hui (Hong Kong), capital markets counsel MarcRotter (New York), tax counsel Sara Clevering (Boston), associates Sharon Shi (Hong Kong), Samuel Tansley(New York), Kelly Petrillo and Jason Roskom (both of Boston).
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