DEALS
Zhong Lun Law Firm advises on investment by Haowu Group in FEUER powertrain
Zhong Lun Law Firm advises on investment by Haowu Group in FEUER powertrain
Zhong Lun Law Firm advised the Haowu Group on its acquisition of certain equity interest in FEUER powertrain GmbH & Co. KG. The Zhong Lun team is led by Xiaoming Song and Vincent Chen, and also included Na Zhao and Haoyuan Song. In addition, Lang & Rahmann served for Zhong Lun Law Firm, providing legal consultancy for this project. Heuking Kühn Lüer Wojtek, led by Michael Neises, acted as FEUER powertrain GmbH & Co. KG’s partners’ legal advisor.
As part of the transaction, Haowu Group will initially take a 50% holding in FEUER powertrain. As a next step an increased cooperation on the Chinese market is planned by the parties by forming a local joint venture.
One of the key objectives of the partnership is the acceleration of growth in the entire Asian region by bundling know-how and production capacities. FEUER powertrain will mainly contribute its strong technological know-how and excellent access to European and U.S. premium OEMs, while Haowu Group's contribution will be its excellent access to the Chinese and other Asian markets and its experience in building and operating efficient production plants in China.
