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.:
Pinsent Masons: Dr Markus J. Friedl (lead), Sven Schulte-Hillen (both M&A/Frankfurt), Dr David Stoppelmann (employment law/Düsseldorf).
Multinational law firm Pinsent Masons has advised Malaysian utility, TNB and Vantage RE, its UK/European arm, on its acquisition of a 49% stake in the offshore wind farm company Blyth Offshore Demonstrator Limited (BODL) from EDF Renewables.
Multinational law firm Pinsent Masons has advised the UK government on its contracts for the purchase of significant volumes of two novel, Covid-19 specific, antivirals.
Multinational law firm Pinsent Masons has advised SUSI Partners on its purchase of a 50MW battery storage project from German renewables developer ABO Wind in Kells, Northern Ireland.
Multinational law firm Pinsent Masons has advised the UK government on its contracts for the purchase of significant volumes of two novel, Covid-19 specific, antivirals.
Multinational law firm Pinsent Masons has launched a cyber security platform and behavioural assessment service aimed at measuring and improving information security processes and employee behaviours, in the wake of a surge of business cyberattacks.
Multinational law firm Pinsent Masons has advised premium haircare brand Hairburst on its majority stake sale to sports giant JD Sports.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]