Orient Hontai Capital $1.4 billion acquisition of AppLovin

Overview:

• Chinese private equity firm Orient Hontai Capital has acquired a majority stake in US mobile marketing platform AppLovin for $1.4 billion.
• The purchase marks a continued recent trend of Chinese investment in US businesses.
• AppLovin has been profitable every year since its first, an unusual accomplishment for a start up.
• The deal is expected to close in the fourth quarter of 2016.
• Wilson Sonsini Goodrich & Rosati (Zhan Chen) advised Orient Hontai.
• Fenwick & West (Kris Withrow, Ken Myers, Michael Esquivel) advised AppLovin.

Kurt Stumpo - Journalist - North America and the Caribbean