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OPHOENIX ACTED AS SOLE ADVISOR & CO-INVESTOR ON THE ACQUISITION OF MERIT AUTOMOTIVE ELECTRONICS SYSTEMS S.L.

2017-03-16

Beijing, China – January 12, 2017 – Ophoenix Capital Management Inc. (“Ophoenix”) is pleased to announce the successful acquisition of Delphi Automotive PLC’s mechatronics and switch module product division (newly incorporated into “Merit Automotive Electronics Systems S.L.”, or “Merit”), by an investment consortium led by Northeast Industries Group Co., Ltd. (“Northeast”). Ophoenix acted as sole exclusive financial and industrial advisor and co-investor in the deal.

Northeast is a Changchun, China – based large-scale industrial group with significant presence in the automotive sector in China and abroad. It is a leading supplier of automotive parts and components such as flywheels and break systems. In recent years, Northeast has been striving to diversify its product portfolio and expand global footprint in order to meet evolving customer demands and strengthen competitive position in the marketplace. Ophoenix has been advising Northeast on identifying cross-border investment opportunities to help accelerate such strategic expansion for more than two years. In 2015, Ophoenix advised Northeast  on the acquisition of Delphi’s reception systems division (known as “Fuba Automotive Electronics” or “Fuba”), which generated impressive global growth within and for the Northeast group. The takeover of Merit marks a second step forward for Northeast and highlights Ophoenix’s expertise and value-add in China’s automotive sector and cross-border M&A, where it has become one of the most active advisors/investors.

Merit Automotive Electronics Systems S.L. (“Merit”) is headquartered in Barcelona, Spain with R&D centers and manufacturing sites in Spain, China, Poland, Mexico and Brazil. In the incoming era of smart/intelligent vehicles, Merit’s best-in-class TALCS (Touch, Appearance, Lighting, Color and Sound), Human Machine Interface (HMI) and complex automotive mechatronics products, display clear synergies with other Northeast’s technologies and products, such as Fuba’s advanced V-to-X wireless communication systems. The combination will prepare the group to meet global customer demands with localized concurrent R&D and manufacturing capabilities. “In order for a traditional Chinese automotive company such as Northeast to be competitive globally, it must take a differentiated approach,” said Dr. Dazong Wang, Chairman of Ophoenix, a former General Motors executive and CEO of Beijing Automotive Industry Corp. (BAIC). Through acquisitions of established global businesses, Northeast not only obtains new products and market channels, but also the capabilities and knowhow that could take decades to develop.” “For Merit, the deal could bring access to the vast Chinese market as well as great resources and support from the new owner. Hence we believe this is an all-win situation for employees, the management and the investors” he added.

Ophoenix is a China-based and Automotive-focused investment and advisory firm. The Ophoenix team has rich experience and deep connections in the automotive industry throughout China and worldwide. Its proven track record as advisor and/or co-investor on various acquisitions in Europe and North America has established Ophoenix as a leader in the execution of the “Going Abroad” and “Going Global” strategies for China’s automotive industry. Over the past two decades, the partners of Ophoenix managed more than twenty successful Sino-foreign automotive investments and/or joint ventures in China. Moreover, in the past five years, Ophoenix has successfully completed more than ten China-outbound acquisitions.

Deal Team Contact Information:

Lei Zhao

Senior Vice President

lzhao@ophoenixcap.com

+86 186 0026 0122

Victor Zhang

Senior Vice President

wtzhang@ophoenixcap.com

+86 185 1828 1181

OPHOENIX ACTED AS ADVISOR TO YINYI GROUP

2017-03-16

ON THE SUCCESSFUL ACQUISITION OF PUNCH POWERTRAIN NV

Beijing, China – August 31, 2016 – Ophoenix Capital Management Inc. (“Ophoenix” or “OCM”) is pleased to announce the acquisition of Punch Powertrain NV (“Punch”) by Yinyi Group Co., Ltd. (“Yinyi”). The transaction closed on August 31, 2016. Ophoenix Capital Management Inc. acted as the financial and industrial advisor to Yinyi in completing this deal.

Yinyi Group Co., Ltd. is a Ningbo, China – based private conglomerate founded in 1994. It is one of China’s top 50 privately-owned enterprises and ranks No.235 among China’s top 500 companies in 2015 with total asset of 60 billion RMB. In recent years, Yinyi Group has made diversified investments in automotive and other advanced manufacturing sectors in parallel with its core real estate development business. Ophoenix advised Yinyi on identifying cross-border investment opportunities of high market potentials in the automotive industry.

Punch Powertrain (“Punch”) is a Belgium-based independent full system supplier of fuel efficient powertrains with over 40 years of experience in the production of CVT Transmissions and powertrains for New Energy Vehicles such as Electric Vehicles and Hybrids. Ophoenix has been a long-term advocate of the CVT technology in China and saw great potentials in Punch. In 2013, Ophoenix advised New Horizon Capital – a China-based private equity fund – in a deal to acquire minority share in Punch. Since then, Punch has significantly expanded market share in China and grown over 35% p.a. world-wide.

Ophoenix Capital Management Inc. is a China-based and Automotive-focused boutique investment and advisory firm headed by Dr. Dazong Wang, a former General Motors executive, former CEO of Beijing Automotive Industry Corp. (BAIC) and former group Vice President of Shanghai Automotive Industry Corp. (SAIC) in charge of product development and component group. The OCM team has over 100 years of combined experience and solid connections in the automotive industry worldwide with proven track record as advisor/co-investor to Chinese corporations on successful acquisitions in Europe and North America. Over the past two decades, the partners of OCM established and managed more than twenty successful Sino-foreign automotive investments and joint ventures in China. In the past four years, OCM has successfully completed nine China-outbound acquisitions. This transaction highlights OCM’s expertise in China’s automotive sector cross-border M&A, where OCM is one of the most active advisors/investors.

 

Acknowledgement:

Ophoenix Capital Management Inc. gratefully acknowledges the valuable cooperation of Jefferies LLC during the course of this transaction.

 

Deal Team Contact:

Ling Yang

Partner

lyang@ophoenixcap.com

+86 137 6189 1234

Lei Zhao

Senior Vice President

lzhao@ophoenixcap.com

+86 186 0026 0122

OPHOENIX Announces the Sale of E-TRACTION

2017-03-16

Beijing, China – September 7, 2016 – Ophoenix Capital Management Inc. (“Ophoenix” or “OCM”) is pleased to announce the sale of e-Traction Europe B.V. (“E-Traction”) to Tanhas Group (“Tanhas”). The transaction closed on September 7, 2016. Ophoenix Capital Management Inc. acted as the exclusive sell-side financial and industrial advisor to e-Traction in completing this deal.

Founded in 1981, e-Traction Europe B.V. is an automotive technology enterprise based in the Netherlands.  In recent years, e-Traction has emerged as a world leader in the development and commercialization of the highly innovative in-wheel electric powertrain technology, a new generation e-mobility solution consists of patented in-wheel electrical motors, unique energy management and distribution systems, sophisticated control units and other advanced auxiliary systems. Ophoenix has been advising e-Traction on strategic measures such as establishing R&D and manufacturing capabilities in China. In order for e-Traction to truly localize and thrive in China – world’s largest and fastest-growing Electrical Vehicle (EV) market, OCM identified Tanhas as a suitable industrial partner for e-Traction. OCM is confident that this sale will soon unleash e-Traction’s potentials as a “revolution in motion”.

Headquartered in Tianjin, China, Tanhas Group is a tier-one automotive supplier  with advanced R&D capabilities and state-of-the-art manufacturing facilities that produce a wide range of core automotive components such as auto transmission parts and electric control systems for conventional vehicles, hybrid vehicles as well as electric-powered vehicles.

Ophoenix Capital Management Inc. is a China-based and Automotive-focused boutique investment and advisory firm headed by Dr. Dazong Wang, a former General Motors executive, former CEO of Beijing Automotive Industry Corp. (BAIC) and former group Vice President of Shanghai Automotive Industry Corp. (SAIC) in charge of product development and component group. The OCM team has over 100 years of combined experience and solid connections in the automotive industry worldwide with proven track record as advisor/co-investor to Chinese corporations on successful acquisitions in Europe and North America. Over the past two decades, the partners of OCM established and managed more than twenty successful Sino-foreign automotive investments and joint ventures in China. In the past four years, OCM has successfully completed ten China-outbound acquisitions. This transaction highlights OCM’s expertise in China’s automotive sector cross-border M&A, where OCM is one of the most active advisors/investors.

 

Deal Team Contact:

Ling Yang                          Lei Zhao         

Partner                                 Senior Vice President   

 lyang@ophoenixcap.com                    lzhao@ophoenixcap.com

+86 137 6189 1234                        +86 186 0026 0122

Victor Zhang

Senior Vice President

wtzhang@ophoenixcap.com

+86 185 1828 1181