Firm Advises Nimbus and Jorg Berger on the Sale of ebu Umformtechnik to Chinese Xuduan Group

14 Nov 2016

International law firm Simmons & Simmons has advised Dutch private equity investor Nimbus and ebu’s managing director Jörg Berger on the sale of ebu Umformtechnik GmbH to Chinese Xuzhou Metalforming Machine Group Co., Ltd (Xuduan).

Corporate/M&A partner Boris Schilmar commented: “The exceptional experience of our China Desk team in bridging cultural gaps in Sino-European SPA negotiations has clearly contributed to the success of this transaction."

The Simmons & Simmons team was led by Düsseldorf based corporate/M&A partner Dr Boris Schilmar and corporate/M&A counsel Vanessa Nieporte who had already been advising Nimbus together with the firm’s Amsterdam based partner Pieter van Uchelen on previous M&A and restructuring projects. They were assisted by China Desk Manager Yan Sun.

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3. Clients of our corporate practice include national and multinational corporations, leading financial institutions, asset managers and investment funds, governments and industry bodies. With a team of over 250 corporate lawyers based across Europe, the Middle East and Asia, we are known for handling complex and innovative domestic and cross-border transactions. Core areas of focus for the UK corporate practice include mergers & acquisitions (including public takeovers), equity capital markets, private equity, joint ventures and strategic alliances, demergers and corporate restructurings, auction sales, investments by hedge funds, commercial and consumer law, corporate governance and general corporate advisory. The ability to service clients operating in highly regulated markets is a common theme across all our work.

4. Our China Desk has been recognised by Acquisition International Magazine with the China-Focused Corporate Law Firm of the Year Germany 2016 award. It’s core team consists of partner Dr Boris Schilmar, counsel Vanessa Nieporte and China Desk Manager Yan Sun.

5. Bayreuth, Bavaria based ebu Umformtechnik is active on all fields of forming technology with a focus on automatic punching presses. In 2012, the company, then known as ebu Burkhardt and insolvent, was bought by Nimbus (90%) and Jörg Berger (10%).

6. Nimbus is a hands-on investor with a focus on companies in special situations. Besides their Zeist, the Netherlands, headquarter, Nimbus also has an office in Munich.

7. Xuduan is a company focussing on intelligent metal forming equipment system integration based in Xuzhou, Jiangsu (China). For Xuduan, the acquisition of ebu Umformtechnik is the first investment outside of China.

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