Eurasian Consulting

ReferencesReferences

Fosun acquired private bank Hauck & Aufhäuser

Client

Fosun International Ltd.
Fosun was founded in 1992 in Shanghai, and has been listed on the Hong Kong Stock Exchange since 16th July 2007 as Fosun International Ltd. (00656.HK). The total assets of Fosun Group amount to over 320 billion CNY (31th December 2014).

Project Outline

· Buyer: Fosun International Ltd.
· Seller: Shareholders of Hauck & Aufhauser Privatbankiers KGaA
· Target: Hauck & Aufhauser Privatbankiers KGaA, one of the few independent private banks in Germany (Assets under Management: Over EUR 35 billion (2014)).
· Our Service: Successful support through the whole M&A process as exclusive M&A adviser of the buyer, including design of the transaction structure, company valuation, preparation of the indicative offer and negotiations with the managmenet and sellers.
· Binding Offer on 5^th July 2015; Acceptance of the offer by shareholders holding more than 80% of the shares until 8^th July 2015.
· Fosun announced closing on 9^th September 2016.

Highlights

· The target is a renowned German private bank with a very long history.
· Hauck & Aufhäuser will be the first German bank with a majority shareholding by a Chinese company.
· The entire transaction process from the first contact until the acceptance of the purchase offer by the majority of shareholders lasted only three months.

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