Simpson Thacher is representing Silver Lake Partners in leading a strategic investment round totaling $500 million in Qunar Cayman Islands Limited (NASDAQ: QUNR) in the form of 2% Convertible Senior Notes of Qunar. Silver Lake will purchase $330 million of the Qunar convertible notes, and another investor will purchase $170 million of the Qunar convertible notes.

Qunar is China’s leading mobile and online travel platform. Qunar will use the capital to continue to expand its mobile presence, grow business lines and further enhance technology capabilities.

The Simpson Thacher team included Dan Fertig and Qi Yue (Beijing - Corporate); Katie Sudol (Hong Kong - Corporate); and Katharine Moir (Tax).