Grammer: Chinese White Knight Triumphs, Hastor out of the Game

Jiye Auto Parts GmbH, an affiliate of the Chinese automotive supplier Ningbo Jifeng and strategic partner of Grammer, announced on 10th August that about 48.45% of Grammer shareholders have accepted their takeover offer. The affiliated companies of Ningbo Jifeng currently hold 25.56% of the Grammer shares. Taking the 48.45% new shares into consideration, Jifeng will now have approximately 74.02% of the total shares of Grammer AG. The transaction is expected to be accomplished in the third quarter of 2018.

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August 15,2018

Shentou Capital Assists Grammer With Public Takeover Offer From Jifeng

On 29th May, Grammer AG (Grammer) announced the signing of a comprehensive Business Combination Agreement with affiliated companies of Ningbo Jifeng ("Jifeng"), under which Jifeng will make a voluntary public takeover offer for all outstanding shares of Grammer. The total consideration of 61.25 Euro per share (or US$ 889 million in total valuation) represents a premium of 19.4% over the closing price on the previous day,

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June 11, 2018

Shentou provided Fairness Opinion to assist Grammer AG in acquiring Toledo Molding & Die Inc.

Grammer AG (“Grammer”), Shentou’s client, has signed a contract to acquire 100% share of Toledo Molding & Die Inc. (“TMD”). Based in Toledo, Ohio, Unite States, the TMD Group specializes in development and production of thermoplastic products and applications mainly for vehicle interiors for automotive and automotive supply industries. According to preliminary figures, TMD generated revenue of more than $300 million in the financial year 2017, consisting of 11 facilities in the United States and Mexico with approx. 1600 employees.

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May 22, 2018

YC Europe GmbH successfully held its Annual General Meeting 2017

YC Europe GmbH held its 2017 Annual General Meeting as well as the Second meeting of the Board of Directors at Yuchai Power Building on 11 September 2017.

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Sept 25, 2017

Exclusive interview with Dr. Qing Ding with German magazine M&A: 'The annual general meeting was fantastic.'

As Grammer AG’s Chinese consultant, Shentou assisted Jifeng in acting as a White Knight and successfully helped Grammer fend off the hostile takeover from Hastor at the Annual General Shareholder Meeting in May 2017.

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Aug 9, 2017

European Version of ‘Vanke Equity Dispute’ Shentou assisted Jifeng in acting as a White Knight

German listed company Grammer AG is a world leading automotive parts supplier. Since February 2017, the fight in its controlling interest has gained the attention of the whole industry.

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July 5, 2017