Skadden, Arps, Slate, Meagher & Flom and Kirkland & Ellis are advising on the privatization of Chinese travel site Qunar Cayman Islands, which is valued at $4.4 billion.

Guangzhou-based buyer Ocean Management Holdings will acquire all the outstanding shares of Nasdaq-listed Qunar at $10.13 apiece. Ocean Management is owned by a private equity fund controlled by Alex Zheng, co-founder of Chinese budget hotel chain 7 Days Group Holdings.