CMS advises Chinese conglomerate Yongfeng on acquisition of German prefabricated construction group Bürkle
Shanghai – The Chinese Yongfeng Group has acquired the German Bürkle Group, a prefabricated construction enterprise including Baustoffhandel Walther Bürkle GmbH & Co KG, Betonwerk Bürkle GmbH & Co KG, Bürkle Kellerbau GmbH + Co. KG and the Swiss company Bürkle Kellerbau GmbH.
An international CMS team headed by lead partners Dr Christoph Schroeder and Dr Henrik Drinkuth advised Yongfeng on all aspects relevant to the transaction.
Yongfeng is based in Qihe near Jinan, the capital of Shandong province. The company produces steel and iron ore and operates in the construction and real estate sectors. The group’s business also covers education, municipal services, trade, logistics and financial investment. With approximately 11,000 employees, Yongfeng generated a turnover of over CNY 50 billion (EUR 6.38 billion) in 2018, making it one of China’s top 500 companies. The transaction is the group’s first overseas acquisition.
Based in Sasbach, the Bürkle Group has a history of over 60 years. It has been a family-owned enterprise until now. The former owner of the group, Johannes Bürkle, will stay on as managing director.
Dr Christoph Schroeder, Lead Partner, Corporate/M&A
Angela Chen, Junior Associate, Regulatory
Dr Henrik Drinkuth, Lead Partner
Dr Hilke Herchen, Partner
Dr Anja Wiedemann, Senior Associate, all Corporate/M&A
Jürgen Siemers, Partner
Dr Philipp Nonnenmühlen, Associate, both Labor, Employment & Pensions
Dr Fritz von Hammerstein, Partner
Dr Clara Volkert, Senior Associate, both Public
Dr Sebastian Orthmann, Partner
Dr Hans Fabian Kiderlen, Counsel, both Real Estate
Christoff Henrik Soltau, Partner
Dr Denis Schlimpert, Associate, both Competition
Dr Kerstin Block, Partner, Banking & Finance
Jan Graf von Spee, Partner, Commercial
Dr Olaf Thießen, Counsel, Tax
Petra Goldenbaum, Counsel, Intellectual Property
Dr Florian Schneider, Senior Associate, Data Protection
Dr Patrick Sommer, Partner
Andrea Zindel, Associate
Florian Jung, Associate, all Corporate/M&A