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Consortium takes Frontage Holdings private

November 2026

Client(s) Li, Dr. Song

Jones Day is acting as counsel to the Chairman of Frontage Holdings Corporation, Dr. Song Li, in the take-private of the company by way of scheme of arrangement by a consortium consisting of Dr. Li, TigerMed and Charles River Laboratories, and the subsequent separation of the business into three components.

The take-private will be funded by Charles River Laboratories, who at closing will own two laboratory facilities in Exton, Pennsylvania. The existing controlling shareholder, TigerMed, will retain the China business. Dr. Li will retain the remaining business, consisting of laboratory facilities and business operations in Exton, Pennsylvania, Secaucus, New Jersey, Hayward, California, Cleveland, Ohio, Deerfield Beach, Florida, Toronto and Vancouver, Canada, and Milan, Italy.

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