Reference Transaction

Advising IFC Composite GmbH on the sale to Shandong Sinoma Composite Auto Parts Co., Ltd

IFC Composite GmbH
Shandong Sinoma Composite Auto Parts Co., Ltd

SECTOR

Automotive

TRANSACTION TYPE

Special Situations & Restructuring

CLOSING TIME

26/08/2020

At its site in Haldensleben (Saxony-Anhalt), IFC Composite GmbH produces and sells not only shafts, stabilisers and clutch joint plates but also, and above all, ultra-light leaf springs made of glass and carbon fibre reinforced plastics (GRP and CFRP).

"Shandong Beiqi Haihua Automobile Parts Co, Ltd. (""Beiqi Haihua"") is a publicly listed company in China and, as part of the Chinese BAIC Group, primarily produces steel springs for well-known national and international automobile manufacturers. "

Saxenhammer Transaction Team

Following transaction team facilitated the transaction for our client.

About the sector

Automotive

The automotive industry is at the heart of the German economy. No other industrial sector is as important for prosperity and employment in this country. The deep-rooted and fragmented value-added network links a multitude of other industries to the automotive economy.