[Frankfurt, ] GÖRG Partnerschaft von Rechtsanwälten mbB has advised BMC Europe Fund I (“Beautiful Mind Capital“, or “BMC”) under the lead of partner and head of the firm’s China desk, Florian Wolff, on its first investment with the acquisition of Cordenka Group from Chequers Capital.
BMC is an independent private equity fund established in early 2018 in partnership with Shanghai International Group, a Sovereign Wealth Fund in Shanghai.
BMC was supported by a group of Shanghai institutions including Shanghai Electric, Shanghai MG Investment, ABA Chemicals, Bank of Shanghai and by ABC International (a subsidiary of Agricultural Bank of China). Acquisition debt was provided by Goldman Sachs and Barings.
GÖRG, in this further transaction for Chinese investors in Germany, advised in the full process of the acquisition by a team of lawyers from its Frankfurt and Cologne offices.
GÖRG Partnerschaft von Rechtsanwälten mbB
Florian Wolff (lead), Partner, Corporate/M&A, Frankfurt
Dr. Jia Ding, LL.M., China Desk, Corporate/M&A, Frankfurt
Dr. Adalbert Rödding, LL.M., Partner, Tax, Cologne
Dr. Jens-Dietrich Mitzlaff, Partner, Finance, Frankfurt
Dr. Christian Bürger, Partner, Merger Control, FDI Clearance, Cologne
Thoralf Herbold, Partner, Energy Law, Cologne
Dr. Heiko Reiter, Associated Partner, Employment Law, Frankfurt
Dr. Said W. Ashrafnia, Associate, M&A, Frankfurt
Dr. Maximilian Lentz, Associate, Corporate/M&A, Frankfurt
Marc Zimmermann, Associate, Finance, Cologne
Dutch Counsel for BMC
Kathrin Bungenberg, Lin Xu
Luxembourg Counsel for BMC
BONN STEICHEN & PARTNERS
Laurent Lazard, Melvin Tjon Akon
About Beautiful Mind Capital
BMC has an investment mandate to connect French, German and European manufacturing companies with the Yangtse River Delta area and wider Chinese market. BMC was launched in Shanghai in February 2018 during British Prime Minister Theresa May’s visit to China, as a partnership between three former investment banking professionals from Credit Suisse, Dr Xinya Vivian Wang in Shanghai together with Mr Sebastian Grigg and Ms Jialu Vicky Wang in London. The fund has joint headquarters in Shanghai and London and is a mutually exclusive partner of South Molton Street Capital Limited.
Cordenka is the world’s leading producer of industrial rayon. Rayon is a fibre derived from cellulose and used as a heat-resistant reinforcement material in high-performance tires. Cordenka supplies tire manufacturers serving premium car brands including Aston Martin, Audi, BMW, Chevrolet, Mercedes, Tesla and Volvo. Cordenka has 650 employees and is headquartered in Obernburg, Germany.