Hengeler Mueller advises Bosch on the Carve-Out and Sale of its Business Division Starter Motors and Generators
02. May 2017
Bosch plans to sell its subsidiary Robert Bosch Starter Motors Generators Holding GmbH, including all subsidiaries, to the purchaser consortium ZMJ (Zhengzhou Coal Mining Machinery Group Co., Ltd.), Zhengzhou, China, and CRCI (China Renaissance Capital Investment), Hong Kong, China.
A purchase agreement to this effect was signed by Bosch, ZMJ and CRCI on 2 May 2017. It has been agreed that the purchase price will not be disclosed. Consummation of the transaction is subject to approval by the antitrust and other official authorities, as well as further closing conditions. The purchaser intends to take on all of the nearly 7,000 employees, as well as all locations of the business division.
Hengeler Mueller advised Bosch on the worldwide carve-out of the Starter Motors and Generators division and the subsequent sale. The Hengeler Mueller team is led by partners Bernd Wirbel and Thomas Meurer (both Corporate/M&A) and includes partners Wolfgang Kellenter (IP), Alf-Henrik Bischke (Antitrust), Vera Jungkind (Regulatory) (all Düsseldorf), Matthias Scheifele (Tax, Frankfurt) as well as associates Florian A. Hassner, Jesco Lindner, Benedikt Statz (all Corporate/M&A), Anja Balitzki, Christian Dankerl (both Antitrust), Maximilian T. Wosgien (IP) (all Düsseldorf), Steffen Hörner, Claudia Nees, Yasmin Holm (all Tax, Frankfurt), and Philipp Cramer (Regulatory, Düsseldorf).
Hengeler Mueller advised on this transaction in an integrated team with Dias Carneiro Advogados (Brazil), King & Wood Mallesons (China), Schönherr (Hungary), Bredin Prat (France), Dorsey & Whitney (USA), Von Wobeser y Sierra SC (Mexico), Uria Menendez (Spain and Portugal), Trilegal (India) and Bowmans (South Africa).