March 21, 2013
This largest German/Chinese inbound transaction ever will create the undisputed global market leader in the sanitary industry with worldwide revenues in excess of U.S. $2 billion.
An international team of the Frankfurt, Munich, Shanghai, and Hong Kong offices of the law firm Weil, Gotshal & Manges LLP had previously advised Grohe on its successful voluntary public takeover offer to the shareholder of Joyou AG and the acquisition of shares in Joyou AG preceding the takeover offer as well as on the establishment of a joint venture between the companies in 2011. The transaction showcases the expertise of Weil in the areas of M&A, capital markets, and financing, as well as its strength in cross-border transactions.
The international Weil transaction team consisted of the partners Gerhard Schmidt and Heiner Drueke (both Corporate, Frankfurt) as well as Tobias Geerling (Tax, Munich) and the associates Konrad v. Buchwaldt, Jan Harmjanz, Anna-Karina Bonacker, Laura Brauers (all Corporate, Frankfurt), Sven Ceranowski and Susanne Liebel-Kotz (both Tax, Munich), Thomas Zimmermann, (Finance, Munich) as well as Hong Kong Corporate partner Henry Ong and Shanghai Corporate associate Haitang Xu.
This news appeared in the following outlets (may require registration/subscription):
- Law360: Weil Gotshal Helps Grohe Land Majority Stake In Joyou (March 21, 2013)