Shentou Capital assisted Wuxi LEAD Intelligent in acquiring ONTEC Automation
Wuxi Lead Intelligent Equipment Co., Ltd. (Wuxi LEAD) announced the acquisition of ONTEC Automation GmbH (ONTEC), a German-based automation equipment manufacturer, in October 2022. This acquisition made Wuxi LEAD the first Chinese lithium equipment manufacturer to establish a technology center in Europe. Shentou Capital served as the exclusive financial advisor of Wuxi LEAD for this transaction.
Shentou assisted NKY in the sale of BioVision to Abcam for $340 million
Abcam plc (“Abcam” or “the Company”), a global leader in the supply of life science research tools, made an announcement on August 2nd regarding its definitive agreement to acquire BioVision, Inc. (“BioVision”). BioVision is a wholly-owned subsidiary of Boai NKY Medical Holdings Ltd. (“NKY”). Shentou played a role in facilitating the sale transaction between NKY and Abcam.
Shentou assisted Actblue to acquire VT Faulquemont - the exhaust gas treatment system business unit
On March 1st, 2021, Actblue Co., Ltd. (listed in A shares in China, ticker: 300816, referred to as “Actblue”) announced the signing of a “Put Option Agreement” with Vitesco Technologies Lohmar Verwaltungs GmbH (referred to as “Continental VT Lohmar”). Actblue’s intention is to acquire 100% of the shares of Vitesco Technologies Faulquemont SAS (referred to as “Continental VT FQM”) and other related assets. Shentou played a role in facilitating the acquisition process for Actblue.
Assisted Grammer With Public Takeover Offer From Jifeng
On May 29th 2018, Grammer AG (Grammer) announced the signing of a comprehensive Business Combination Agreement with affiliated companies of Ningbo Jifeng (“Jifeng”). Under this agreement, Jifeng will make a voluntary public takeover offer for all outstanding shares of Grammer. The offer entails a total consideration of €61.25 per share (equivalent to a total valuation of US$889 million), representing a premium of 19.4% over the previous day’s closing price and 11.7% over the average price targets set by German stock market analysts on the previous day. If successful, the takeover offer will make Jifeng the controlling shareholder of Grammer, holding 50% plus one shares.
This announcement marks the culmination of Grammer’s equity contention over the past two and a half years. Throughout this period, Shentou Capital (Shentou), acting as Grammer’s M&A advisor in China, provided guidance and support, ultimately facilitating Grammer’s cooperation with Jifeng. Despite the challenges Jifeng faced in acquiring Grammer, Shentou aided the employees and management team of Grammer in successfully fending off a hostile takeover attempt by the Hastor family. This was achieved by introducing a Chinese “White Knight” in the form of Jifeng, who became a new shareholder by subscribing to an additional 9% of Grammer shares – the first such instance in Germany. With the support of shareholders, labor unions, and communities, Grammer effectively resisted the Hastor family’s attempts to replace the entire management team and take over the company.
As a result, Shentou assisted Grammer in signing a comprehensive strategic cooperation agreement with Jifeng, which led to Jifeng increasing its shares in Grammer to become the largest shareholder at 25%. Subsequently, Shentou worked closely with Grammer’s management team, supervisory board, and labor union to reach agreements with Jifeng on various acquisition-related matters, culminating in Jifeng launching the comprehensive takeover offer as announced.
In accordance with the Business Combination Agreement, Jifeng has made the following commitments:
The headquarters and production sites of Grammer will remain unchanged.
Commitment to retaining the current employees.
The guarantee of job security for employees, customers, and suppliers for a period of up to 7.5 years.
Further investments in Grammer for revenue growth and research and development.
With the support of the management team, supervisory board, and labor union, the comprehensive offer from Jifeng has gained unanimous backing, as everyone is committed to the growth and success of Grammer.
It is worth noting that Shentou also played a successful role in assisting Grammer with the acquisition of TMD (Toledo Molding & Die Inc.) in the United States from 2017 to 2018.
Shentou provided a fairness opinion to assist Grammer AG in the acquisition of TMD
Grammer AG (“Grammer”), a client of Shentou, has entered into a contract to acquire 100% of the shares of Toledo Molding & Die Inc. (“TMD”). Headquartered in Toledo, Ohio, TMD specializes in the development and production of thermoplastic products and applications, primarily for vehicle interiors in the automotive and automotive supply industries. Based on preliminary figures, TMD achieved revenues exceeding $300 million in the 2017 financial year. The company operates 11 facilities in the United States and Mexico, employing approximately 1,600 individuals. Shentou provided a fairness opinion to support Grammer in the acquisition process.
Shentou unterstützte die GRAMMER AG bei der Emission einer Pflichtwandelanleihe
Im Jahr 2017 unterstützte Shentou die Grammer AG als M&A-Berater bei der Emission einer 10%igen Pflichtwandelanleihe an Ningbo Jifeng. Zusätzlich leistete Shentou beratende Unterstützung bei weiteren M&A-Aktivitäten von Grammer.
Shentou advised and helped JD Capital
Shentou played a role in providing advisory services and assistance to JD Capital.
Gründung des Joint Ventures YC Europe
Gründung eines Joint-Venture-Unternehmens YC Europe mit der Yuchai-Gruppe in Europa.
Gründung eines Joint-Venture-Unternehmens mit der Zhejiang Geely Group in der Republik Belarus.
Unterstützung des weltweit führenden Dieselmotorenherstellers Deutz AG bei der Gründung eines Joint Ventures mit der First Automobile Dalian Diesel Engine Factory.
Gründung eines Joint-Venture-Unternehmens mit ISKRA in Slowenien und Fawer Automotive Parts Company.
Shentou Investment erwarb eine 80%ige Beteiligung an der Changzhou Planet Electronics Company.
Unterstützung der Yili-Gruppe bei der Gründung eines Joint Ventures mit dem deutschen Unternehmen TOEPFER zur Herstellung von Babynahrung.
Unterstützung der Jilin Carbon Group, der führenden Kohlenstofffabrik in der chinesischen Kohlenstoffindustrie, bei der Übernahme der Shanghai Carbon Company, des drittgrößten Unternehmens.
Unterstützung bei der Zusammenarbeit zwischen der Jilin Carbon Company und dem deutschen Unternehmen SGL CARBON.
Unterstützung von TCL bei der Übernahme des deutschen Unternehmens Schneider Rundfunkwerke AG.
Unterstützung bei der Gründung des Joint Ventures zwischen dem deutschen Unternehmen ALLIGATOR und der Shanghai Shenzhen Coating Material Company.
Als Berater für deutsche Kunden an dem FAW/VW-Lokalisierungsprojekt beteiligt; unterstützte Volkswagen beim Aufbau der 827-Motorenfabrik in China; half dem deutschen Unternehmen Ex-Cell-O AG bei der Gründung eines Joint-Venture-Unternehmens mit der FAW Special Engine Factory.
Unterstützung der Bauer Media Group in Deutschland bei der Erlangung der Genehmigung zur Gründung eines Joint-Venture-Unternehmens in China und Veröffentlichung von "COSMO LADY" durch die chinesische Regierung.
Organisation eines Kompensationsgeschäfts zwischen der NAK AG, dem zweitgrößten Druck- und Färbekonzern in Europa, und der Nantong National Textile Factory No. 2 in China, wobei die Fabrik in Nantong in großem Umfang schützenlose Webmaschinen und Luftdüsenwebmaschinen kaufte und mit grauem Stoff bezahlte.