Eurasian Consulting

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Elektrofahrzeuge-Stuttgart GmbH was successfully sold to Beijing Zhonghuan

Client

Elektrofahrzeuge-Stuttgart GmbH(“EFA-S GmbH”)
EFA-S GmbH is the leading company in Europe specialized in converting traditional commercial vehicles into electric vehicles and is headquartered in Stuttgart, Germany. The company possesses the ability of deep integration of motors, electronic control units, batteries and ensures the vehicle's safe, reliable and long-life operation after the modification. The company holds the leading position in the field of converting commercial vehicles with 3.5 tons and above in Europe. Since 2012, the company has been experiencing an extremely rapid growth of annual turnover and earnings before taxes.

Project Outline

· Buyer: Beijing Zhonghuan Investment Management Co.,Ltd., the major shareholder of Beijing WKW Automotive Parts Co., Ltd. (WKW). Beijing WKW (SZ: 002662), a Sino-German joint venture, is a comprehensive manufacturer and comprehensive service provider of interior and exterior components systems for passenger vehicles. It mainly provides interior and exterior components systems for middle-class and premium passenger vehicles as well as ancillary R&D and related services. As of December 8th, 2015, the total market capitalization of Beijing WKW reached 13 billion CNY.
· Seller: individual shareholders of EFA-S GmbH
· Target: EFA-S GmbH is specialized in the R&D, conversion, production and sales of various kinds of electric automobiles.
· Our service: Successful support in the whole M&A process as exclusive M&A sell-side consultant, including drawing-up of the transaction structure, company valuation, preparation of the Indicative Offer, coordination of the Due Diligence, business negotiations with the buyer and Post Merger Integration, etc.
· Signing in November 2015.

Highlights

· Realized the optimal price and conditions to the shareholders through successful negotiations.
· The sellers maintained minority shares and will provide continuous support for the company‘s development; the buyer actively entered new energy automotive industry.

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