February 20, 2017 – Cayman Engley Industrial Co.,Ltd, together with Guangzhou Finance Holding Sino-European M&A Fund and Eurasian Consulting, acquires a majority stake of Kranendonk Beheersmaatschappij B.V. from Kranendonk Holding B.V..
Kranendonk Beheersmaatschappij B.V., as a long-term business partner of ABB, is a global market leader in providing non-repetitive robot welding, cutting and assembly solutions and equipment with universal applications in steel-related industries.
Cayman Engley is a renowned Chinese automobile supplier listed in Taiwan exchange with a current market capitalization of over USD 650 million and a total sales of approx. USD 500 million. The acquisition is a major building block of Cayman Engley’s strategy to expand its oversea business, to upgrade its automated production lines and to enter into automation industry.
Guangzhou Finance Holding Sino-European M&A Fund is an overseas M&A buyout fund sponsored by Guangzhou Finance Holding Group, a state-owned investment platform of Guangzhou government who owns Bank of Guangzhou and other local financial institutions with a total asset of over USD 65 billion. The current size of the fund amounts to approx. USD 300 million. The fund will keep searching middle-sized targets with strong focus on automation/robotics, electric vehicles-related and healthcare sectors in German and other European regions.
Eurasian Consulting, founded in 2004, is a lead Sino-German M&A advisory firm based in Frankfurt, Germany. Since 2016 Eurasian starts its business in PE investment as the fund manager of GFH Sino-European M&A Fund.
Through this transaction, Kranendonk Beheersmaatschappij B.V. can penetrate into Chinese market with the support from new shareholders. In addition, the investors will also provide the company with strong financing capacities to expand its global business into next step.
