GvW Graf von Westphalen advises on the entry of Beijing Zhonghuan Investment Management Co., Ltd. into the German market for electric vehicles

With Beijing Zhonghuan Investment Management Co., Ltd., another investor from China is investing in a German company. In the context of the acquisition of shares in EFA-S GmbH, the Chinese company has acquired a 75% majority stake from the previous shareholders. The SPA was notarized on 16 November 2015.

Beijing Zhonghuan Investment Management Co., Ltd., is a major shareholder in Beijing WKW Automotive Parts Co., Ltd., an automotive supplier stock-listed in China that emerged from a German-Chinese joint venture. WKW supplies automotive producers in China and Europe with its components.

EFA-S GmbH is specialized in the conversion of vehicles to electric mode, the development of electric vehicles as well as the distribution. UPS is one of EFA-S GmbH’s customers, amongst others.

GvW Graf von Westphalen has again proven its expertise in a China outbound transaction. The GvW team provided advice with Frankfurt-based partner Dr Marco Zessel as the lead lawyer (M&A/Head of the China Desk Frankfurt) and senior associate Ms Ming Yi (M&A/China Desk).

Key Contact

Dr Tim Nesemann
T +49 89 689077-0