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).
GvW Graf von Westphalen advised the transmission system operator 50Hertz on the award of a major contract for the North Sea Connector 2 offshore grid connection project. The project involves the planning, construction, installation and commissioning of a converter system comprising an offshore converter platform in the North Sea and an onshore converter station in Mecklenburg-Western Pomerania. The North Sea Connector 2 project is intended to connect offshore wind farms in the North Sea to the German electricity grid in future.
GvW Graf von Westphalen has advised Primepulse and Vsquared Ventures on the Series C financing round of NEURA Robotics GmbH. The transaction ranks among the largest venture financing rounds in the European startup ecosystem to date.
GvW Graf von Westphalen has advised Ethereal Space, Inc., a pioneering commercial space company, on space and satellite law matters and the establishment of its affiliate Ethereal Space GmbH.
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