14 Mar 2019 | 02:07 pm | 1 min. read
Huizhou Desay SV Automotive Co., Ltd. ("Desay SV") has acquired ANTEBB Holding GmbH, the sole shareholder of Antennentechnik ABB Bad Blankenburg GmbH based in Weimar, which also holds participations in Sweden and Turkey (together "ABB"), from a fund advised by financial investor PREMIUM Equity Partners with the help of Pinsent Masons.
Desay SV, based in Huizhou, China, whose shares are listed on the Shenzen Stock Exchange, is a leading automotive electronics supplier whose customers include major Chinese and international OEMs. The company employs approximately 4,000 people worldwide. Dr Markus J. Friedl and Sven Schulte-Hillen have been advising Desay SV on M&A projects and corporate law issues for many years. As part of the current project, they advised Desay SV on its first acquisition of a German company. Among other things, they advised the purchaser on obtaining a clearance certificate from the Federal Ministry of Economics and Energy.
ABB employs around 75 people at its site in Weimar. The highly specialized technology company for intelligent antenna systems focuses on the development of products and customer solutions for autonomous driving and "connected cars", which are particularly concerning reliable and secure data transmission using high-performance antennas. Other areas of innovation of the company are smart metering and Industry 4.0.
The seller, PREMIUM Equity Partners, is an investment company which invests primarily in strong niche companies in the DACH region (i.e. Germany, Austria and Switzerland) with turnover of 10 to 50 million euros.
Following the opening of the Frankfurt office of Pinsent Masons in February 2019, this was the first M&A transaction to be advised from the new location.
Advisors Ad Huizhou Desay SV Automotive Co., Ltd.:
Multinational law firm Pinsent Masons has advised NTR PLC on the acquisition of a 54MW portfolio of co-located solar and battery storage projects in County Wexford, Ireland, from renewable energy developer RES.
Multinational law firm Pinsent Masons has advised propco investor LDC Care Homes and its asset and investment manager Elevation Advisors on the migration of a care homes portfolio from Four Seasons Health Care Group (FSHC) to new operators.
Multinational law firm Pinsent Masons has advised Teva Pharmaceuticals’ subsidiary, Actavis Group PTC, on the successful €84m sale of a suite of consumer healthcare products to Karo Pharma AB (Karo).
Multinational law firm Pinsent Masons has been appointed to the UK Government's new Trade Law Panel in an international consortium with BakerHostetler in the USA, and Fasken in Canada, to advise on international trade law disputes.
Multinational law firm Pinsent Masons has advised the Department for Digital, Culture, Media and Sport (DCMS) on its innovative joint £28m investment in 5G test projects to showcase the capability of 5G technology across a range of industries and identify commercially sustainable long-term use cases.
Multinational law firm Pinsent Masons advised GNA Biosolutions GmbH on IP and commercial aspects of its rapid PCR Covid-19 test.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on