Information Run on the Silk Road
On July 17, 2019, Tenova SpA announced that the company has sold 100% stake of HTC Group to Shanghai Qiqi Information Technology Co., Ltd., which was jointly established by Ningbo Qijing Holdings and Shanghai Oriental Securities Capital Investment Co., Ltd. In 2019, the annual revenue of HTC Group is expected to be approximately €100 million. In this transaction, Seta Capital, a cross-border M&A advisor, acts as the exclusive financial advisor to Tenova SpA. As a subsidiary of Tenova SpA, HTC group consists of four companies: IVA Schmetz (Germany), Mahler(Germany), Fours Industriels B.M.I. (France) and IVA Schmetz Furnaces (China). The group specializes on heat treatment of metal workpieces. Its revenue in 2019 is expected to be approximately €100 million. Currently, the demand for heat treatment in the aerospace industry is growing rapidly, and the demand in medicine and metal powder will also expand rapidly soon.
Tenova SpA, a member of Techint group, provides innovative solutions for metals and mining with advanced technology, products and engineering services. The group is headquartered in Italy. Its parent company, Techint Group, is a world-famous industrial group. Techint Group was founded in 1945. It has six industrial groups, two of which are listed in the US and Europe. The Group's industries span engineering, construction, steel, mining, oil and gas, industrial plants and healthcare. It has subsidiaries and plants in more than 35 countries and regions around the world. In 2019, Techint Group ranked 90th in the Fortune Global 500 Family Business, with an annual revenue of $18.5 billion.
About Qijing Holdings Co., Ltd.:
The buyer of this transaction is Shanghai Qiqi Information Technology Co., Ltd., which was jointly established by Ningbo Qijing Holdings Co., Ltd. and Shanghai Oriental Securities Capital Investment Co., Ltd. Ningbo Qijing Holdings Co., Ltd. is the parent company of Qijing Machinery Co., Ltd. (603677.SH). Qijing Machinery Co., Ltd. is a listed company specializing in mechanical product research and development and precision processing. Its product structure includes home appliance parts, power tool parts and auto parts. Its clients include Haier, Whirlpool, Samsung, Bosch, Panasonic, TCL, Hisense, Skyworth, Makita, Hilti and other high-quality premium customer groups. The company has become one of the largest manufacturers of fine machining workpieces in China.
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Shanghai, August 15, 2019
Shanghai M&G Stationery Inc. (“M&G”), the largest stationery company in China with a market capitalization of about 3.6 Billion Euros, today announced that it has signed a strategic partnership agreement with Carioca SpA (“Carioca”). M&G will become the long-term exclusive distributor of Carioca products in China, while a fund under M&G will separately invest in Carioca as a minority shareholder. Both parties are confident that by partnering with M&G, Carioca will be able to penetrate the market and become a leading foreign brand in the children’s stationery category in China. The companies are enthusiastic about having a strong partnership and further enhance their international presence in strategic markets such as China and Europe. Carioca has been selling in China for a number of years via online channels, however M&G plans to introduce Carioca products into its large network of offline stationery stores, as well as its various online channels in China to support Carioca’s growth strategy. Both Carioca and M&G will mutually benefit from growing new markets. As part of the strategic alliance, Carioca also plans to distribute selected M&G’s stationery products in Europe. In this transaction, Carioca was advised by the law firm Groder. M&G was advised by Seta Capital, a Europe-China cross border M&A advisor, as its financial advisor; and Ernst & Young Italy as its due diligence and legal advisor.
Shanghai M&G Stationery Inc. is the largest stationery company in China and the only listed company in this industry in China, with a current annual revenue of approximately EUR 1.1 billion and a market capitalization of EUR 3.5 billion. Shanghai-based M&G was established in 1996 and it has become a household brand in China with a retail network encompassing more than 70,000 retail stores, mostly branded M&G. M&G also has a 300,000 m² M&G Industrial Park and over 10,000 staff. M&G has co-operated with a number of international stationery brands in recent years. In 2017, it acquired the Chinese subsidiary of Office Depot, to establish its office supply division named M&G Colipu.
Founded in Italy，CARIOCA® is an internationally loved brand created in 1965, specializing in the production of coloring tools. Its product range includes felt tip pens, colored pencils, tempera, pastels, educational games and many other drawing items. The brand caught on in the early 60s with a historic advertising campaign starring the beloved character Carioca Jo, who is still featured on all CARIOCA® packaging. Today CARIOCA® is a symbol of the best of “Made in Italy,” with products designed to free the imaginative powers of adults and children in a shared play of creativity and dexterity.
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Milan, February 15, 2019
Trying to figure out the feasibility to do business in China? Take this latest updates into account before deciding. Number prove that China has made solid progress in turning itself into a friendly land for international business. China has climbed the rank of the Ease of Doing Business Index, from 78th to 46th in the past 2 years, now ahead of Italy. Especially in Shanghai, the government has recently rebuilt the company regulation system to attract business. Today, it only takes 2 weeks to set up a WOFE from zero. Check out for the detailed guide here: https://lnkd.in/fwUF2Ca
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