21 03 2016

Chinese Yinyi Group to acquire all shares of Punch Powertrain for €1 billion

Shareholders of Punch Powertrain, which include private equity funds GIMV, LRM, Capricorn Venture, and PMV, and the management, signed an exclusive sale and purchase agreement with the China-based Yinyi Group to acquire all shares of Punch Powertrain for €1 billion.


In 2014 the Yinyi Group had a turnover of 7.6 billion EUR. The group is active in a wide range of industries such as mining, real estate, semi-conductors, aluminum rims for cars and airbag inflators. The Yinyi Group fully supports Punch Powertrain’s business plan for the coming years. Both companies share the intention to become a global player. Punch Powertrain will maintain its name. There will be no changes to our organization, employees, management team or locations. Stibbe advised the shareholders of Punch Powertrain on the transaction with a team led by partners Dries Hommez, Jan Bogaert, Stefan Odeurs and Ignace Vernimme, assisted by senior associate Giovanni Smet and associate Mathias Plouvier. Involved fees earner: Dries Hommez - Stibbe; Jan Bogaert - Stibbe; Mathias Plouvier - Stibbe; Stefan Odeurs - Stibbe; Ignace Vernimme - Stibbe; Giovanni Smet - Stibbe;

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