Redcliffe Partners advised a Chinese consortium comprising Zhengzhou Coal Mining Machinery (Group) Co., Ltd (ZMJ) and China Renaissance Capital Investment Inc. (CRCI) in obtaining merger clearance from the Ukrainian competition authority for the acquisition of Robert Bosch GmbH`s Starter Motors and Generators (SG) business for approximately EUR 545 million. The transaction is expected to improve SG’s regional presence, especially in Asia, and complement the purchaser’s portfolio with SG’s business for further internationalization. According to the agreement, all the approximately 7,000 associates and 16 locations in 14 countries are to be transferred.
Redcliffe’s team working on the transaction comprised counsel Anastasia Usova, associate Yulia Eismont and junior associate Kateryna Chumak.
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Robert Bosch Starter Motors Generators Holding GmbH, a subsidiary of Robert Bosch GmbH, is a world-wide leader in the field of automotive energy supply with a product portfolio that includes high-efficiency generators and starter motors for petrol and diesel engines as well as the economical and CO2-reducing start-stop and hybrid systems. SG has 16 locations in 14 countries, including Germany, China, Brazil, Hungary, India, Mexico, South Africa, Spain and the United States.
ZMJ is a global leading manufacturer of coal mining machinery and auto components and is listed on both the Shanghai and Hong Kong Stock Exchange. ZMJ has 22 wholly-owned subsidiaries, stock-holding subsidiaries and joint-stock companies all over the world covering equipment manufacture, financing, service and trade & commerce.
CRCI is a leading alternative investment management firm that focuses on investment opportunities across a broad range of industries in Greater China with over USD 2 billion of total assets under management.