On July 17th, CITIC Capital Holdings Co., Ltd. (hereinafter referred to as “CITIC Capitalâ€) passed the third phase of its private equity M&A fund CITIC Capital China Fund, and joined hands with 3i Group (hereinafter referred to as “3iâ€, collectively referred to as “Buyer Group†) jointly announced the completion of the acquisition of Formel D, the world's leading service provider for the automotive and parts industry, on July 13, 2017. The acquisition of CITIC Capital contributed approximately 72 million euros, equivalent to approximately 560 million yuan. Stretch Ceiling High Frequency Welding Machine
Stretch Ceiling High Frequency Welding Machine is main for to PVC ceiling ,so in Russia ,more customer will choosed small type of high frequency welding machine to do ,normally has 3 pcs of electrode ,one electrode to weld rubber with PVC ,also call harphoon ,rest head to weld two layer PVC film together and cut at same time.For electrode could do about 600mm or 650mm or 500mm lenth .
Hf Welding Machine,Stretch Ceiling High Frequency Welding Machine,Stretch Ceiling Welding Machine,Pvc Ceiling Film Welding Machine Hangzhou Xiaoshan Wanfeng Mechanical & Electrical Equipment Factory , https://www.hfweldingmachinery.com
It is reported that CITIC Capital and 3i's acquisition aims to expand Formel D's global business, promote its existing services to other regions, strengthen its customer base in Asia, and introduce more high value-added services, such as automotive testing. Specification and virtual testing.
Founded in 1993, Formel D is a global service provider for the automotive and parts industry, offering individualized and scalable solutions for quality assurance and process optimization, from development to production to after-sales. Car value chain.
For this acquisition, Zhou Wenliang, senior managing director of CITIC Capital, said: “This is our first investment in Germany. We are working with the well-known investment institution 3i and look forward to jointly promoting the business development of Formel D. We will use ourselves in Asia. Her expertise and resources to create value for the company's development."
It is understood that up to now, CITIC Capital's fund management has reached 4.8 billion US dollars, and has completed more than 50 investments in China, Japan, the United States and Australia. In this acquisition, the buyer's trading advisory services and legal advisory services were provided by CITIC Capital's financial and legal advisors respectively by Harris Williams & Co. and Shearman & Sterling LLP, and 3i's financial and legal advisory services were provided by Baird and Willkie respectively. Farr & Gallagher LLP offers.
· CITIC Capital 560 million and 3i acquired auto parts supplier Formel D