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).
There was a 10% rise in the average prison sentence length for tax evasion last year jumping to 2 years 7 months*, up from 2 years 5 months, says Pinsent Masons, the international law firm.
On World Mental Health day and, one year since the launch of the Mindful Business Charter (MBC), 17 more organisations are adopting the Charter's pledge to change avoidable working practices that can affect mental health and wellbeing.
International law firm Pinsent Masons has retained its ranking as one of the top 75 employers in the Social Mobility Employer Index 2019.
International law firm Pinsent Masons has advised the Joint Sponsors (Lego Corporate Finance Limited and TUS Corporate Finance Limited) and the Underwriters, on the approximately HK$121 million public offer and placing of shares, and listing on the Main Board of the Hong Kong Stock Exchange of LFG Investment Holdings Limited (“LFG Investment”).
Board member recognised as most innovative lawyer in Europe
International law firm Pinsent Masons has further enhanced its international life sciences and technology sector capabilities with the appointment of Nicole Jadeja in its London office.
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]
