22 Dec 2025

Baker McKenzie Advises Bright Scholar on Going‑Private Merger with Excellence Education

"Baker McKenzie, with involvement from FenXun, advised Bright Scholar Education Holdings Limited in its going‑private merger with Bright Education Mergersub Limited, a wholly owned subsidiary of Excellence Education Investment Limited. The transaction made Bright Scholar a wholly owned subsidiary of Excellence Education and led to the cessation of ADS trading on the NYSE."

Baker McKenzie, with participation from FenXun, advised Bright Scholar Education Holdings Limited in connection with its merger with Bright Education Mergersub Limited, a wholly owned subsidiary of Excellence Education Investment Limited. The transaction was a going‑private merger pursuant to which Bright Scholar became a wholly owned subsidiary of Excellence Education. As a result of the merger, Bright Scholar’s American Depositary Shares ceased trading on the New York Stock Exchange effective 16 December 2025. Bright Scholar will file to deregister its shares with the U.S. Securities and Exchange Commission. Bright Scholar is a global education services group focused on providing international education and preparing students for higher education through academic foundation and skill development. The matter builds on Baker McKenzie’s experience advising on high‑profile take‑private transactions and reflects the firm’s broader transactional capabilities in complex cross‑border capital markets work. Baker McKenzie represented client(s) Bright Scholar Education Holdings Limited with a team composed by: Dan Ouyang (partner; co‑chair, Asia Pacific and China Capital Markets practices), Celia Li, Chelsea Wang. FenXun participated on the deal team with a team composed by: Ronnie Li (International Capital Markets Practice).
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