14 04 2016

Yinyi Group acquires 100% shares of Punch Powertrain

Zhong Lun Law Firm has advised LRM, Gimv, Capricorn and New Horizon on the deal


Punch Powertrain shareholders LRM, Gimv, Capricorn and New Horizon came to an agreement with the Yinyi Group on the sale of Punch Powertrain. The Yinyi Group will acquire 100% of the shares. The sale is subject to the usual procedural conditions. 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. Zhong Lun Law Firm has advised LRM, Gimv, Capricorn and New Horizon with a team including Zhou Yun (Picture), Dong Hao, Qu Yingying and Wang Meng. Involved fees earner: Yun Zhou - Zhong Lun Law Firm; Dong Hao - Zhong Lun Law Firm;

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