Duff & Phelps Advised E-House (China) Holdings Limited on its Going-Private Transaction
E-House (China) Holdings Limited has received a non-binding proposal from the Co-Chairman and a Director to acquire the outstanding shares of the company in a going-private transaction. The outstanding shares will be purchased for US$6.85 per share.
Duff & Phelps served as financial advisor to the special committee of the board of directors of E-House (China) Holdings Limited. Cleary Gottlieb served as legal counsel to Duff & Phelps and Davis Polk served as legal counsel to the special committee.
About E-House (China) Holdings Limited
E-House is a leading real estate services company in China that has been listed on the New York Stock Exchange since 2007 (NYSE: EJ). It offers a diverse scope of services with strong brand recognition and a broad geographic presence. E-house’s offerings include real estate online services through its subsidiary, Leju Holdings Limited (NYSE: LEJU), a leading online-to-offline real estate services provider in China; brokerage and marketing services; real estate information and consulting services; real estate financial services; and community value-added services.