Simpson Thacher is representing the special committee of the board of directors of ZEEKR Intelligent Technology Holding Limited (“Zeekr”) (NYSE: ZK), the world's leading premium new energy vehicle group, in connection with a proposed going private transaction. Zeekr entered into an Agreement and Plan of Merger (the "Merger Agreement") with Geely Automobile Holdings Limited ("Geely") and an indirect wholly-owned subsidiary of Geely. Pursuant to the Merger Agreement and subject to the terms and conditions thereof, Merger Sub will merge with and into the Company, with the Company continuing as the surviving entity and becoming a wholly-owned subsidiary of Geely (the "Merger").
Pursuant to the Merger Agreement, Geely will acquire all of the issued and outstanding ordinary shares of Zeekr (including ordinary shares represented by American depositary shares of Zeekr ("Zeekr ADS")) not already beneficially owned by Geely.
The Merger, which is currently expected to close in the fourth quarter of 2025, is subject to customary closing conditions, including (i) approval of the Merger by the affirmative vote of shareholders representing two-thirds or more of Zeekr Shares (including Zeekr Shares represented by Zeekr ADSs) present and voting in person or by proxy as a single class at a meeting of Zeekr's shareholders, and (ii) approval of the Merger and the other transactions contemplated under the Merger Agreement by the affirmative vote of shareholders representing more than 50% of Geely Shares held by independent shareholders present at a meeting of the Geely's shareholders. If completed, the Merger will result in Zeekr becoming a privately held company wholly owned by Geely and the Zeekr ADSs will no longer be listed on the New York Stock Exchange.
Zeekr Group, headquartered in Zhejiang, China, is the world's leading premium new energy vehicle group from Geely Holding Group.
The Simpson Thacher team includes Yang Wang, Jie Min and Jiazhen Yan (M&A – Beijing); David Yun (M&A – Hong Kong); Caitlin Lucey and Pasco Struhs (Executive Compensation and Employee Benefits); and Chenjing Shen (Capital Markets).