The Chinese Zhongding Group has acquired all of the limited partnership and business shares of the Austrian aluminum high pressure die casting manufacturer Austria Druckguss GmbH & Co KG and its general partner Austria Druckguss GmbH, Gleisdorf, Austria. The seller was an affiliate of BAVARIA Industries Group AG.
Austria Druckguss is an international manufacturer and supplier of complex high-pressure die-casting components for the international automotive industry. The company supplies OEM automotive manufacturers and leading Tier 1 and Tier 2 suppliers with engine parts, powertrain and chassis parts as well as structural parts.
With this investment Zhongding Group, a leading automotive Tier-1 supplier with 14.000 employees and annual sales of USD 1.3 billion, continues to strengthen its dynamic growth in Europe, after acquiring WEGU Group, Kassel/Germany in 2015 and the majority stake in KACO Group, Heilbronn/Germany in 2014.
The Austria Druckguss will be managed as an independent subsidiary of Zhongding Europe GmbH, Lohr am Main, Germany. The parent company is listed as “Anhui Zhongding Sealing Parts Co Ltd” on the stock exchange in Shanghai and Shenzhen.
The closing of the transaction is subject to approval by the relevant regulatory authorities. Financial terms of the transaction were not disclosed.
Zhongding Group was strategically and commercially advised by PERLITZ STRATEGY GROUP under the lead of Matthias Litschke, legally by RITTERSHAUS RECHTSANWÄLTE, under the lead of Dr. Claudia Pleßke, partner at Mann-heim office, and in tax matters by FALK & Co under the lead of Dr. Stefan Tichy, partner at Mannheim office. The same transaction team of PERLITZ STRATEGY GROUP, RITTERSHAUS and FALK & Co already advised Zhongding Group in a number of M&A transactions, such as the majority stake in KACO Group, the acquisition of WEGU Group and others.
Advisory Team Zhongding Group:
PERLITZ STRATEGY GROUP: Matthias Litschke, Manager (Lead Commercial: Commercial Due Diligence, Deal Structure, Risk Assessment, Price Negotiation), Philipp Hendel (Commercial Due Diligence).
RITTERSHAUS Rechtsanwälte – Mannheim branch: Dr. Claudia Pleßke, Partner (Lead Legal: Legal Due Diligence, Corporate M&A), Anno Haberer (Antitrust Law), Kristina R. Lindenfeld (Corporate M&A).
FALK & Co: Dr. Stefan Tichy, Partner, auditor and tax advisor.
Sell-Side Advisory:
Zirngibl Langwieser: Dr. Dieter Lehner (Lead), Dr. Daniel Schiele, LL.M., Munich (both corporate law and M&A).
Perlitz Strategy Group (PSG) is an internationally operating, mid-sized management consultancy based in Mannheim, Germany. PSG specializes in corporate strategy, business development, reorganization/restructuring, sales management and innovation management. Its industry focus are the automotive, mechanical engineering, electrical and chemical industries.
RITTERSHAUS is a law firm with offices in Mannheim, Frankfurt and Munich. Mainly specialized on advising medium-sized and large companies, the emphasis of its services are corporate law with a focus on restructuring, M&A, private equity and venture capital transactions, as well as corporate financing and company and asset succession. Other fields of advisory are banking and capital market law, labor law, intellectual property law, public law and IT law.
FALK & Co has been in existence for over 70 years as an independent audit, accounting and tax advisory firm with more than 300 employees throughout 9 national offices. Focusses of the advisory services of FALK & Co. are M&A transactions as well as restructuring measures after an acquisition.
Contact:
PERLITZ STRATEGY GROUP GmbH & Co KG
Matthias Litschke, phone: +49 (0)621-1504217
Mail: matthias.litschke@perlitz.com
