Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 23-09-2014 | Practice Area: | Corporate and M&A |
| Deal Title: | Prime Machinery Company Acquisition of Koninklijke Nedschroef | Industry: | General Industrials |
| Description: |
Clifford Chance advised Prime Machinery Company Limited (PMC), Shanghai, China, on its acquisition of 100% shares of Koninklijke Nedschroef Holding, Helmond, Netherlands. PMC is one of the largest fasteners exporters in China. Nedschroef belongs to the global leaders in engineered automotive fasteners. The purchase price amounts to approximately 155.4 million Euros.
PMC, a public-listed company in Hong Kong Exchange Market, is a state-owned enterprise under Shanghai Electric Group (SEC). Vendors of Nedschroef are Gilde Buy Out Partners, Parcom Capital and the company's management.
The German Clifford Chance team was led by partner Dr. Stefanie Tetz (Corporate) and comprised partner Thomas Weitkamp (Banking and Capital Markets), the counsels Bettina Krause (Real Estate), Dr. Anette Gartner (IP) and Dr. Matthias Wahl (Corporate).
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| Financial Center: | Munich | Value: | 100.01-500.00 |
| Advised Party: | Acquiror | Law Firm | Clifford Chance |
| Target Company Jurisdiction: | Netherlands | Acquiror Jurisdiction: | China |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Stefanie Tetz |
