Alibaba Group Holding Ltd., China’s largest e-commerce provider, agreed to repurchase a 20 percent stake from U.S. Web portal Yahoo! Inc. for a minimum of US$7.1 billion ahead of a potential initial public offering.

David Lamb, an M&A partner based in Conyers Dill & Pearman’s Hong Kong office, led a team providing Cayman law advice to Yahoo!, working alongside U.S. counsel Skadden, Arps, Slate, Meagher & Flom.

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Conyers advises Concordia Advisors (Bermuda) Limited with respect to the acquisition by Mariner Investment Group

By Elizabeth Denman, Director, Conyers Dill & Pearman

Conyers acted on behalf of Concordia Advisors (Bermuda) Limited with respect to the acquisition by Mariner Investment Group of the investment funds business operations of Concordia. Mariner Investment Group currently manages approximately US$10.2 billion of assets together with its associated advisers and employs approximately 180 employees in New York, Boston, London, Tokyo, Seoul, Philadelphia, Harrison (NY) and Rowayton (CT). The Concordia Group, an alternative manager with US$1 billion in assets under management, was founded in 1993 and previously managed a number of commingled funds and separate managed accounts with a focus on relative value trading. Mariner has absorbed substantially all of Concordia’s business operations, providing IT, risk management, back office, marketing, investor relations, legal, compliance and other business services to the Concordia Group of Funds.