CMS advises Private Equity Investor Mutares on acquisition of Innomotive Systems Hainichen from SUMEC, a Chinese state-controlled enterprise
Munich – Listed private equity holding company Mutares SE & Co. KGaA, based in Munich, has signed an agreement to acquire Innomotive Systems Hainichen GmbH from SUMEC, a Chinese state-controlled enterprise. The company will strengthen Mutares’ Automotive & Mobility segment with production sites in Germany and China, and will be complementary to the KICO Group. The closing of the transaction is expected in the fourth quarter of 2021.
An international CMS team headed by Dr Michael Wangemann and Dr Jessica Mohaupt-Schneider advised Mutares on all legal aspects of the transaction. CMS regularly advises Mutares, recently on the put option to sell Norsilk to Protac.
Innomotive Systems Hainichen GmbH headquartered in Hainichen, Germany, with its subsidiary Innomotive Systems Hainichen Ltd. headquartered in Nanjing, China, is a leading manufacturer of sophisticated, high-precision machined door hinges made of steel or aluminium, as well as complex hinges for hoods, tailgates, and lids. Employing around 450 employees, the group achieved revenues of approximately EUR 120 million in 2020.
CMS Germany
Dr Michael Wangemann, Lead Partner, Munich
Dr Jessica Mohaupt-Schneider, Lead Counsel, Munich, both Corporate/M&A
Dr Stefan Höß, Partner, Munich
Dr Thomas Langer, Rechtsanwalt, Munich, both Real Estate & Public
Dr Markus Häuser, Partner, Munich, TMC
CMS China
Dr Ulrike Glück
Stephen Wu
Mutares Inhouse
Jan Thöle, General Counsel
Press Contact
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