Sidley represented Vivo Capital in its agreement to invest US$150 million in New Frontier Corporation (NYSE: NFC) (NFC), a special purpose acquisition company, in connection with its initial business combination transaction to acquire United Family Healthcare (UFH).
NFC will acquire UFH from its existing shareholders, including affiliates of TPG and Fosun Pharma, to create one of China’s largest publicly listed integrated healthcare services companies. The aggregate purchase price is approximately US$1.3 billion. The closing is subject to certain customary closing conditions.
The Sidley team was led by partners Ruchun Ji, Geoffrey Levin, Michael Heinz and associate Feifei Bian.