Akin Gump Advises the Special Committee on Le Gaga Holdings Limited’s Take-Private Transaction

(Hong Kong) – Akin Gump is serving as U.S. legal advisor to the special committee of the board of directors of Le Gaga Holdings Limited in its going-private transaction.

Le Gaga announced that it has entered into a definitive agreement and plan of merger with Harvest Parent Limited and Harvest Merger Limited, both Cayman Islands exempted companies with limited liability.

This follows the receipt of a “going-private” proposal in May 2013 from a consortium including both its chairperson and its chief executive officer, valuing the company at about $184 million.

The group plans to offer $4.06 in cash for each American Depository Share it does not already own.

Le Gaga is one of the largest greenhouse vegetable producers in China, selling and marketing greenhouse vegetables such as peppers, tomatoes, cucumbers and eggplants as well as green leafy vegetables to wholesalers, institutional customers and supermarkets in China and Hong Kong.

The Akin Gump team of attorneys advising the special committee is led by Hong Kong corporate partner Greg Puff.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 850 attorneys in offices throughout the United States, Europe, Asia and the Middle East.