分享到
CN
  • News & Activities News & Activities

Advised Wolong Electric Group Co., Ltd. on its acquisition of  the Small Industrial Motor (SIM) divi...

Wolong Electric Group Co., Ltd. (hereinafter referred to as “Wolong Electric”) officially signed the closing documents with General Electric Company (hereinafter referred to as "GE") on June 30, 2018, and successfully completed the all-cash M&A with GE for USD 160 million regarding the delivery of low and medium voltage motor business ("SIM"). Since then, GE's SIM business has officially become an important part of Wolong Electric's global business layout, making Wolong Electric's market share in the motor and control industry a global leader.


Ms. Emilia Shi, the senior partner in the Capital Markets Department of Dentons (Shanghai) Law Firm, provided comprehensive legal advice and coordination on all law-related matters throughout the project as the Wolong Electric’s legal counsel. The structure of this transaction is complex, and includes the acquisition of 100% of the equity interest of two companies of GE’s SIM businesses in Mexico, as well as the transfer of local assets and employees of the motor business of GE's related entities worldwide.


The main tasks in this project included, conducting legal due diligence on GE target companies and multiple national entities, reviewing and modifying the Purchase Agreement and its affiliate agreements, as well as all Closing documents including the Transaction Service Agreement, Global Employee Service Agreement, the local transfer agreements of the U.S., France, Italy, Mexico, Canada and other countries, representing client in participating in overseas negotiations, assisting in U.S. and Mexican antitrust filings, U.S. CFIUS national security review filings, and PRC foreign  investment filing, etc. Ms. Emilia Shi’s team conducted this project with excellence, diligence and efficiency in rendering professional legal services throughout the transaction process and has won high recognition and praise from the client.

Recent Deals
  • More

    Advised UK-based Paul Smith on expanding its busin...

  • More

    Advised Wolong Electric Group Co., Ltd. on its acq...

Follow:
Address:9th/ 24th/ 25th Floor, World Financial Center, 100 Century Avenue, Pudong New Area, Shanghai,China
Phone:+86 21 5878 5888
Beijing Dacheng Law Offices, LLP (“大成”) is an independent law firm, and not a member or affiliate of Dentons. 大成 is a partnership law firm organized under the laws of the People’s Republic of China, and is Dentons’ Preferred Law Firm in China, with offices in more than 40 locations throughout China. Dentons Group (a Swiss Verein) (“Dentons”) is a separate international law firm with members and affiliates in more than 160 locations around the world, including Hong Kong SAR, China. For more information, please see dacheng.com/legal-notices or dentons.com/legal-notices.