22 May 2017
- Glen Ma, Tim Wang, Yan Yuan, Richard Cui, Nicole Englisch, David Schwenneker
- Shanghai, Hong Kong, Munich
Clifford Chance advises two Chinese firms on acquisition of Robert Bosch Starter Motors Generators
Leading international law firm Clifford Chance advised Zhengzhou Coal Mining Machinery (Group) Co., Ltd. (ZMJ) and China Renaissance Capital Investment Inc. (CRCI) on the acquisition of 100% of shares of Robert Bosch Starter Motors Generators Holding GmbH (SG), through New Neckar Autoparts Holding and Operations GmbH & Co. for approximately EUR545 million. Completion of such transaction remains subject to satisfaction of several conditions precedent and approvals/clearances of applicable regulatory authorities.
This transaction is co-lead by the China and German offices of the firm. Partner Glen Ma, based in Shanghai, led the deal together with partner Nicole Englisch based in Munich. Glen and Nicole were supported by a Greater China team (including partner Tim Wang, counsel Yan Yuan and Yufei Liao, senior associates Richard Cui and Dayan Jiang, associates Peter Zhao and Louise Chui, and trainee Florence Mao) and a German team (including counsel Gwendolyn Mueller and associate David Schwenneker).
Glen said, "We are very delighted to advise on this important acquisition by the Chinese investors in the automotive sector in Germany. This transaction highlights the continuing strong interests from Chinese investors in assets in the European market."
ZMJ was established in 1958, and has become the largest company in the world focused on R&D and manufacturing powered roof support for fully mechanized coal mining.
CRCI, founded in June 2005, is a leading alternative investment management firm that focuses on investment opportunities across a broad range of industries in Greater China.