DLA Piper, O’Melveny & Myers and Skadden Arps Slate Meagher & Flom have taken lead roles on the $147m (£98m) take-private of China dairy products company Feihe International.
The deal, which is now in the final stages, has seen chairman and CEO You-Bin Leng, who owns approximately 50% of the company, acquire the remaining shares alongside Morgan Stanley’s private equity arm, Morgan Stanley Private Equity Asia (MSPEA) for a price of $7.40 (£4.92) per share.
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