Xuzhou Construction Machinery Group（XCMG) the largest Chinese construction machinery manufacturer, with a turnover of over 3 billion Euro (2011)
Project Outline
· Buyer: XCMG Europe GmbH · Seller: Schwing Family · Target: The world leading German concrete machine manufacturer SCHWING GmbH, turnover: 500 Mio. Euro (2010) · Our service: successful support through the whole M&A process as the exclusive M&A buyer consultant, including formation of the acquisition structure, company valuation, preparation of the indicative offer, coordination of the Due Diligence,negotiation with the seller and banks, establishment of JV company in China etc. · Contract signed on 31st March 2012 · Closing in the end of June 2012
Highlights
· Transaction price was far lower than similar M&A cases · Substantially reduced the financial burden of the target company through successful negotiations with financial institutions · Full participation in post-integration
