DEALS
Zhong Lun Assists A Team in Acquiring Kendrion’s Business in China
Zhong Lun Assists A Team in Acquiring Kendrion’s Business in China
The acquisition (the "Transaction") of 100% equity interest in Kendrion (Suzhou) Co., Ltd. ("Kendrion Suzhou") by A Team Alliance (Suzhou) Intelligent Technology Co., Limited ("A Team" or the "Acquirer") from Kendrion N.V., a Dutch listed company, and its affiliates ("Kendrion") was completed recently.
Kendrion is engaged in the development, manufacturing and sale of electromagnetic systems and components. Kendrion Suzhou was formerly the main entity through which Kendrion conducted its business in China. Upon the completion of this Transaction, Kendrion completed the spin-off and divestiture of its business in China. The Acquirer, A Team, is a consortium controlled by the local management team of Kendrion Suzhou and constituted by such team and third-party investors.
This Transaction involved multi-dimensional aspects including consortium formation, equity acquisition, intellectual property transfer and licensing, and prospective IPO. Zhong Lun Law Firm, as legal counsel to A Team, provided throughout the entire Transaction comprehensive legal services, covering transaction structure design, drafting and negotiation of transaction documents, assistance with signing and completion, and analysis and assessment of the prospects for a future IPO, among others. The mandate was managed by partner Vincent Chen with team members including associates Yufeng Zheng, Liheng Zhang, and Olivia Zhu.
The completion of this Transaction will enable the Acquirer to integrate local market resources, conduct industrial technology development and innovation based on existing technologies and further promote the development of domestically-produced electromagnetic products.
