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Gruen Advisors Advised Chinese Hangzhou Meibah Precision Machinery Co., Ltd on its Acquisition of German Schumag AG

 

Munich, November, 2014Gruen Advisors GmbH (“GA”) acted as exclusive financial advisor to Hangzhou Meibah Precision Machinery Co., Ltd 杭州美巴赫精密机械有限公司 (“Meibah”) in its acquisition of 54.6 % of the shares in Schumag Aktiengesellschaft (“Schumag”).

Meibah engaged GA to assist throughout the acquisition process by providing a full range of buy-side advisory services, including assisting Meibah with analyzing data and information to help assess range of value for the target, managing the due diligence process, advising on transaction negotiations and on the voluntary public tender offer.

“GA’s market insight and automotive industry experience enabled us to secure this complex deal for Meibah. This acquisition allows us to gain more control over our route to win over new global customers and significantly scale our operations. GA guided us through a structured and comprehensive buy-side process and was instrumental in helping us achieve our transaction objectives,” said Miaocheng Guo, Founder and CEO of Meibah.

We were fortunate to have advised Meibah. This takeover of a Germany-listed company is the first by a private Chinese investor which made it a particularly exciting mandate for us. The strong market presence of Meibah in China will offer Schumag new development opportunities in the steadily growing Asian markets,” said Martin Grün, Founder and Managing Partner, Gruen Advisors Gmbh.

 

About Hangzhou Meibah Precision Machinery Co., Ltd
Meibah, headquartered in Hangzhou, China is a manufacturer of all kinds of high-precision common rail parts for diesel engines. Meibah's main products are common rail control valves, including Delphi and Bosch series. The company sells to the domestic market, covering 28 provinces, and to overseas markets covering more than 58 countries. For more information, please visit
en.meibah.com.

About Schumag Aktiengesellschaft
Schumag Aktiengesellschaft is a German manufacturer of high-precision components for the automotive and medical devices industry located in Aachen. Key clients include Bosch, Continental, Delphi, Cummins and Caterpillar. The Schumag shares are listed on the regulated market of the Frankfurt stock exchanges. For more information, please visit
www.schumag.de.