Kirkland & Ellis Leads Going-Private of China’s WSP Holdings Limited

Kirkland & Ellis International LLP represents the Special Committee of the board of directors of WSP Holdings Limited (NYSE: WH) in its merger agreement announced on February 21, 2013, with WSP OCTG GROUP Ltd., a company owned by H.D.S. Investments LLC. The transaction contemplated under the merger agreement represents a total transaction value of approximately $893.6 million, including the assumption of the outstanding debt of WSP Holdings Limited.

WSP Holdings Limited is a leading Chinese manufacturer of American Petroleum Institute (API) and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration, drilling and extraction, and other pipes and connectors. The merger is expected to close in the second quarter of 2013, and if completed, will result in WSP Holdings Limited becoming a privately held company and no longer listed on the NYSE.

The Kirkland team representing the Special Committee is led by corporate partners David Zhang, Jesse Sheley, Pierre Arsenault and Benjamin Su and associates Steve Lin and Yi Gao.

Kirkland & Ellis attorneys have been trusted advisors in Asian deals for more than two decades, regularly representing clients in complex transactions in and involving Asia, including inbound and outbound mergers and acquisitions, capital markets issuances, leveraged buyouts, joint ventures, growth equity investments, and offshore and RMB fund formations. Kirkland's Hong Kong and Shanghai offices have more than 65 lawyers serving global clients in private equity, investment funds, mergers and acquisitions, banking and finance, capital markets, government and internal investigations, intellectual property and tax matters.

Kirkland & Ellis LLP is one of the world's leading law firms, with more than 1,600 attorneys across the globe representing clients in complex corporate and tax, restructuring, litigation and dispute resolution/arbitration, and intellectual property and technology matters.