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).