Acquisition of Punch Powertrain by Yinyi Group
Laurius is proud to announce that it acted as Belgian counsel to Yinyi Group of China for the acquisition of Punch Powertrain from among others Gimv, LRM, Capricorn Venture Fund and others. Grandall, one of China’s most important law firms with offices in China’s main cities, acted as lead counsel.
Punch Powertrain, founded in 1972 as ‘DAF Produktie Sint-Truiden N.V.’, is a Belgian producer of fuel efficient powertrains.
Yinyi was founded in 1994 and is a private conglomerate of companies active in various sectors. Yinyi is among China’s top 500 companies, and is one of the leading real estate developers in China.
Click here for the press release from Punch Powertrain.
IBA Annual Conference Washington
The 2016 International Bar Association’s Annual Conference will be held in the diverse and beautiful capital of the USA, Washington, DC. Home to an impressive list of monuments, museums and attractions, Washington is most famous as home to all three pillars of the US government – the President, Congress and the Supreme Court, as well as the Pentagon, State Department, World Bank and embassies from most corners of the globe.
The IBA Annual Conference provides an exceptional opportunity for networking and making key contacts in order to facilitate our clients’ international business even more.
Dirk Wellens and David Ryckaert will attend the conference.
Shimano signs agreement to acquire Lazer Sport
Laurius assisted the shareholders of Lazer Sport NV (Lazer) with the sale of their shares to Shimano Europe B.V.
Lazer, founded in 1919, is the oldest helmet company, specialized in helmets for cycling, leisure and winter sport, in more than 50 countries over 5 continents.
Shimano Europe, part of the Japanese Shimano Inc., known for its large range of high quality products for i.a. cycling.
David Ryckaert joins Laurius
Laurius is pleased to announce that David Ryckaert has joined the firm as a partner in the corporate department. With previous experience at Laga and Simont Braun, David will bring his significant expertise and established relationships to Laurius to further strengthen its overall corporate offering.
“Our clients will immediately benefit from David’s intimate and wide-ranging understanding of the issues affecting the corporate landscape”, said Firm Managing Partner Dirk Wellens. “We are thrilled to welcome David to our growing Brussels office, and pleased that our office continues to attract top local laterals”.
Since its start in 2006, Laurius has steadily expanded and now consists of 20 lawyers with offices in Antwerp and Brussels.