McDermott Represents Guangdong Xingye Investment in Its Acquisition of C.M.I.
Milan (May 17, 2017) – McDermott represented Guangdong Xingye Investment LLC, which is the controller of the listed Chinese Group Guangdong SACA, and its affiliates, in the negotiation, documentation and execution of the acquisition of a majority stake (more than 90%) in C.M.I. Cerniere Meccaniche Industriali S.r.l., leader in the production of household appliance hinges with branches in Italy and Poland.
The 70% of the corporate capital has been sold by ItalGlobal Partners. The operation foresees the continuity with Mr. Eros Gherardi and Ms. Teresa Ghedini, the founders, and Mr. Paolo Santini, CEO, retaining participations of about 9%.
SACA was advised by the McDermott team led by partner Ettore Scandale and associate Marianna Busetti.
McDermott’s Corporate & Transactional Practice represents business interests around the world, from global corporations and industry-leading companies to privately funded and entrepreneurial driven enterprises, private equity sponsors and the financial institutions that support them. McDermott consistently ranks in the leading league tables, including Mergermarket, Thomson Reuters, Bloomberg and PitchBook. The Corporate & Transactional Practice Group was named “Team of the Year” for Middle Market M&A/Buyouts by The Legal 500 and is highly ranked by Chambers in the United States, and in Europe.
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