Hempel and Boyd acted for the buyer group on the going private transaction, by way of reverse merger, of Yucheng Technologies Limited (NASDAQ: YTEC). The merger, which is subject to shareholder approval, is expected to close by the end of the fourth quarter 2012.
Yucheng Technologies Limited is a leading IT service provider to the Chinese financial service providers. Headquartered in Beijing, China, Yucheng services clients from its nationwide network with approximately 2,800 employees.
Hempel and Boyd acted as BVI counsel for Grupo Phoenix in connection with a minority equity investment made by One Equity Partners (a subsidiary investor company of JPMorgan Chase & Co) in Grupo Phoenix on 31 August 2012.
Grupo Phoenix is an innovative and rapidly growing company in the field of rigid packaging in the Americas. Grupo Phoenix has ten manufacturing plants: two in Colombia, one in Mexico, five in Venezuela and two in the United States. The company has been a leader in the packaging industry in Latin America for over 20 years, with recognised innovations in packaging and leading brands that have driven the growth and expansion from its original territories to more than 20 different countries, including the United States.
Hempel and Boyd is The British Virgin Islands Law Firm.