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.