Baker & McKenzie is advising Shanghai Electric Group Co. Ltd., Shanghai (China), on its intended strategic cooperation with Manz AG. The cooperation is intended to cover energy storage, automation technology, solar technology and other areas of the Manz Group. In this context, Shanghai Electric intends to acquire a participation stake in Manz AG. Manz AG and Shanghai Electric concluded an investment and backstop agreement, according to which a subsidiary of Shanghai Electric will acquire those shares from the planned capital increase that are not subscribed by the shareholders at the subscription price.
Chu Kong Shipping Group (“CKS”) entered into a sale & purchase agreement (“SPA”) to acquire a 40% interest in Brødrene Aa AS (“Brodrene”) in December 2015. Brodrene is a Norwegian manufacturer of fast commercial passenger vessels built in carbon fiber composites. With their state of the art technology, Brodrene is widely considered to be a global leader in its field. Through this acquisition, CKS intends to establish new ship yard facilities in Mainland China for the construction of carbon fiber vessels based on the technology of Brodrene.
BDO Hong Kong was the exclusive corporate advisor of CKS and assisted them in the whole transaction by providing financial and tax due diligence (working with BDO Norway), valuation services and M&A advice including negotiating the term sheet and SPA.
The Crowe Horwath’s Consulting & Valuation Team has recently provided transaction advisory services on a residential land acquisition in the US for a Hong Kong Listed Company, with acquisition price around HKD200 million. The site is situated in Santa Monica of Southern California, which is a premier coastal location for business, entertainment and upscale housing, while the team has provided valuable advice to their client and facilitate the acquisition via the team's extensive network and professional knowledge.
Deacons assisted a Chinese leading leather-works manufacturer based in Zhejiang in the restructuring of its offshore shareholding structure in Hong Kong.
In the Apex Technology-led consortium's US$3.6 billion all-cash announced acquisition of the US laser printer and ink maker Lexmark International in April 2016, Deloitte China's Financial Advisory Services and M&A Tax, with collaborative efforts from other Deloitte member firms (United States and Switzerland), jointly advised Apex Technology and PAG Asia Capital in connection with the transaction and provided financial, tax, HR and commercial due diligence and tax structuring services.
The Asia-based consortium consisted of the China-listed aftermarket printer consumables supplier Apex Technology and the Hong Kong-based private equity firm PAG Asia Capital. The transaction will allow Apex to partner with Lexmark for the development of cutting-edge technologies and solutions, which will enable them to better serve customers and pursue unprecedented opportunities driven by strong economic growth in Asia.
EY has assisted various clients from the mainland of different industries to invest and operate overseas by leveraging Hong Kong as a strategic window for “going global”. For instance, a Chinese aviation enterprise acquired shares in an European listed company through its Hong Kong based holding platform, which was because of Hong Kong’s favorable investment and financing position as an international financial center; another Chinese private game operator has set up its overseas intangible assets operation center in Hong Kong for the environmental advantages of intellectual property protection and the professional talent pool in Hong Kong.
In June 16, HSBC provided a EUR220m bridge financing to support a Chinese state-owned enterprise's (SOE) subscription in the EUR500m rights issue of its EU based subsidiary. The Chinese SOE is engaged in manufacturing and sale of diesel engines. Its products are used in vehicles, marine vessels and power generators. The Chinese SOE's EU subsidiary is a world leading player in forklift and hydraulic production. Proceeds of this rights issue was used to support the subsidiary’s acquisition of a leading global supplier of integrated automated technology, software and services for supply chain optimization.
