Baker & McKenzie is advising Meibah International GmbH, an acquisition vehicle controlled by Miaocheng Guo, the CEO of the Meikai Group (headquartered in Hangzhou, China) on the public takeover of Schumag Aktiengesellschaft. The public takeover will be implemented by way of a voluntary public tender offer to all Schumag shareholders and was publicly announced on June 10, 2014.

The public M&A team of Baker & McKenzie is advising the Meikai group on the share purchase agreements entered into with the major shareholders of Schumag Aktiengesellschaft as well as on all related questions of German takeover and securities law related to the contemplated takeover of Schumag Aktiengesellschaft.

"This takeover of a Germany-listed company is the first by a private Chinese investor which made it a particularly exciting mandate for us. The acquisition of Schumag generates significant opportunities for a successful future for both Schumag and for the Meikai Group," commented Christoph Wolf, Corporate partner of Baker & McKenzie.

Head of EMEA China Group in Frankfurt, Thomas Gilles, added, "The particular complexity of the transaction is to reconcile the Chinese and German approval requirements and timelines. Being part of another pioneering transaction in relation to China outbound business, shows the strength of both our China practice and our public M&A practice."

Schumag Aktiengesellschaft is a traditional German manufacturer of precision components located in Aachen. The Schumag shares are listed on the regulated markets of the Frankfurt and the Duesseldorf stock exchanges.

The Meikai group with its subsidiary Hangzhou Meibah Precision Machinery operates successfully as a supplier in the field of precision parts for fuel injection systems for the automotive industry.

Baker & McKenzie's Corporate/M&A teams regularly advise strategic investors on transactions and restructurings. Most recently, Baker & McKenzie advised Hochtief on the restructuring of its Hochtief Solutions AG and the spin-off of its Service Solutions division, Sulzer AG on the sale of Metco Division of OC Oerlikon, Sika on the acquisition of construction adhesive business of Akzo Nobel, Knorr-Bremse on the purchase of two companies from the rail-supply sector, Mahle on the acquisition of Behr, TVH when acquiring mateco, as well as Karl Schlecht Foundation on the sale of Putzmeister, and Weichai Power on Antitrust matters regarding the strategic partnership with Kion Group.

Legal Advisor Meikai Group:

Baker & McKenzie

Lead:
Corporate: Dr. Christoph Wolf, (partner, Frankfurt), Tilman Wink (senior counsel, Frankfurt)

Team:
Corporate: Dr. Manuel Lorenz, Dr. Thomas Gilles, Christian Atzler (partners, Frankfurt), Lipei Shi (associate, Frankfurt)
Banking & Finance: Shengzhe Wang (counsel, Munich)
Labor Law: Hagen Koeckeritz, Verena Boehm (both associates, Frankfurt)
Antitrust: Sarwenaz Kiani (associate, Frankfurt)
Commercial: Heiko Franke (associate, Frankfurt)