First investment in Europe - Chinese investor becomes the majority shareholder in the Romaco Group with the assistance of GvW Graf von Westphalen

The Chinese investor Changsha Truking Investment Ltd (TRUKING) has acquired a majority shareholding in the Romaco Group (Romaco) from Deutsche Beteiligungs AG (DBAG). The parties signed the corresponding contracts on Friday, and the closing is subject to the approvals by public authorities. DBAG will initially continue to hold a participation of 24.9 % in the Group, but will completely sell the shares on to the acquiring party within the next three years.

The acquisition of the majority participation in Romaco is the first investment in Europe for TRUKING. The company, headquartered in Changsha, offers intelligent solutions with its machinery and technologies for the pharmaceutical industry and is one of the leading pharmaceutical technology companies in China with 2,600 employees as well as more than 1,200 filed national patents. The company exports its products to more than 30 countries in Asia, Europe and South America.

As a majority shareholder of Romaco, TRUKING is continuing to expand its know-how in packaging and processing technology. Romaco, with its headquarters in Karlsruhe and other locations in Germany, Italy, France, Russia, China, Brazil and the USA, is specialized in solutions for pharmaceutical packaging and delivery systems as well as process technology applications. The customers of the company, which generated sales of EUR 134 million in the financial year 2015/2016, include globally active pharmaceutical and generics producers.

GvW Graf von Westphalen advised the Chinese investor under the leadership of the Frankfurt partner Dr Marco Zessel with a team consisting of Dr Markus Sachslehner (Partner), Ming Yi, Felix Wolf (all corporate/M&A), Christian Kusulis (Partner, antitrust law, IP), Dr Frank Tschesche (Partner), Michael Engel (both tax law), Dr Raimond Emde (Partner, distribution law), Johan van der Veer (insurance law), Felix Prozorov-Bastians (Partner, litigation), Dr Joachim Mulch (Partner, IP), Dr Daniel Michel (IT), Karsten Kujath (employment law), Andrea Torka (Partner, Finance, Real Estate), Dr Bettina Schmitt-Rady (Partnerin, environmental law) und Marian Niestedt (Partner, customs and foreign trade law).

The German GvW team was supported by Patrick Heid and Li Li (Partners, both corporate/M&A) from the GvW Shanghai office and by Fabrizio De Luca from the Italian law firm of Pirola Pennuto Zei & Associati.

The law firm, with its successful China practice in Shanghai and at the German offices of GvW, is frequently involved in providing advice to Chinese companies when entering the market and on their businesses in Germany, in addition to advising German and international companies in China.  The German and Chinese GvW attorneys recently advised the Chinese company Olive in the participation in the mid-size production company Schürholz (more).

Raimond, Dr Emde

Dr Raimond Emde

Marco, Dr LL.M. Zessel

Dr Marco Zessel, LL.M.

Felix, LL.M., Maître en Droit Wolf

Felix Wolf, LL.M., Maître en Droit

Ming Yi

Ming Yi

Patrick, LL.M. Heid

Patrick Heid, LL.M.

is a lawyer and partner with GvW Graf von Westphalen. He has been serving as the head of the firm’s Shanghai office since 2010. He advises German and European companies on their foreign direct investment, M&A transactions and capital markets activities in China. In addition, he advises Chinese investors on M&A transactions and initial public offerings in Germany. Mr. Heid is a frequent conference speaker and host of seminars on legal and investment topics in China and Germany.

Michael, Dr Engel

Dr Michael Engel

Markus, Dr Sachslehner

Dr Markus Sachslehner

Bettina, Dr Schmitt-Rady

Dr Bettina Schmitt-Rady

Johan, LL.M. van der Veer

Johan van der Veer, LL.M.

Felix Prozorov-Bastians

Felix Prozorov-Bastians

Andrea, LL.M. Torka

Andrea Torka, LL.M.

Marian, M.E.S. Niestedt

Marian Niestedt, M.E.S.

Karsten, Kujath

Karsten Kujath,

Christian Kusulis

Christian Kusulis

is Lawyer and Partner at GvW Graf von Westphalen. He also is the head of GvW´s Israel Desk and the head of the Rhein-Main D-I-W G office.

Joachim, Dr Mulch

Dr Joachim Mulch