LG Electronics and LG Corporation’s EUR 1.1bn acquisition of ZKW Group

Freshfields Bruckhaus Deringer advised one of the big South Korean “chaebol” conglomerates LG Electronics and LG Corporation on its acquisition of Austria-based ZKW Group for EUR 1.1bn (equity value).

Under the terms of the transaction, LG Electronics will acquire a 70% stake in ZKW Group with parent company LG Corp. purchasing the remaining 30%.

Headquartered in the Lower Austrian town of Wieselburg, ZKW Group is a high-tech leader in automotive lighting systems with a presence in markets throughout Europe in addition to China, Mexico and the United States. With revenues of EUR 1.26bn in 2017 and an average annual sales growth rate of more than 20% over the past five years, ZKW products are found in many major European premium automotive brands including Audi, BMW, Porsche and Daimler, among others.

The advisory team – under the lead of Freshfields partner Dr. Konrad Gröller (Vienna) and Dr. Heiner Braun (Frankfurt) – includes around 40 lawyers.

The advisory team of Freshfields Bruckhaus Deringer includes: Dr. Heiner Braun (Frankfurt), Dr. Konrad Gröller (Vienna), Konstantin von Richthofen (Berlin), Dr. Lars Meyer (Frankfurt), Dr. Tatjana Krutzler (Vienna), Dr. Eva-Maria Hoyler (Berlin), Dr. Sandra Gutmann (Vienna) and Maria Tumpel (Vienna).

Tax law: Dr. Martin Schiessl, Andre Happel, Dr. Leonard Kirscht (all Frankfurt), Prof. Dr. Claus Staringer, Dr. Lukas Mechtler (both Vienna)

ACT: Dr. Katrin Gassner, Katharina Gebauer (both Düsseldorf), Aaron Green und Donghao Cui (both Brussels), Ninette Dodoo (Beijing)

Due Diligence: Dr. Karin Buzanich-Sommeregger, Leonhard Prasser (both Vienna, PaR), Dr. Felix Neuwirther, Dr. Johannes Samaan, Thomas Deutinger, Filip Peric (all Vienna, Real Estate), Dr. Lukas Bauer, Dr. Andreas Huber (both Vienna, EPR), Dr. Christof Pöchhacker, Matthias Hofer (both Vienna, IP), Wolrad Prinz zu Waldeck und Pyrmont, Dr. Stephan Dorn (both Düsseldorf, IP), Mathias Lehner, Michael Isak (both Vienna, Finance), Georg Lübbehüsen (Frankfurt, Finance), Dr. Gernot Fritz, Lukas Treichl (both Vienna, TMT), Daniel Lungenschmid, Stephan Rödler (both Vienna, Corporate), Anahit Gasparyan, Eileen Siemer (both Frankfurt, Corporate)

Lee & Ko (Seoul): Jang Hyuk Yeo (Corporate/M&A)

 

Involved fees earner: Konrad Gröller – Freshfields Bruckhaus Deringer LLP; Heiner Braun – Freshfields Bruckhaus Deringer LLP; Lars Meyer – Freshfields Bruckhaus Deringer LLP; Konstantin von Richthofen – Freshfields Bruckhaus Deringer LLP; Tatjana Krutzler – Freshfields Bruckhaus Deringer LLP; Maria Tumpel – Freshfields Bruckhaus Deringer LLP; Eva-Maria Hoyler – Freshfields Bruckhaus Deringer LLP; Sandra Gutmann – Freshfields Bruckhaus Deringer LLP; Daniel Lungenschmid – Freshfields Bruckhaus Deringer LLP; Stephan Rödler – Freshfields Bruckhaus Deringer LLP; Anahit Gasparyan – Freshfields Bruckhaus Deringer LLP; Eileen Siemer – Freshfields Bruckhaus Deringer LLP; Martin Schiessl – Freshfields Bruckhaus Deringer LLP; Andre Happel – Freshfields Bruckhaus Deringer LLP; Leonard Kirscht – Freshfields Bruckhaus Deringer LLP; Claus Staringer – Freshfields Bruckhaus Deringer LLP; Lukas Mechtler – Freshfields Bruckhaus Deringer LLP; Katrin Gaßner – Freshfields Bruckhaus Deringer LLP; Katharina Gebauer – Freshfields Bruckhaus Deringer LLP; Aaron Green – Freshfields Bruckhaus Deringer LLP; Donghao Cui – Freshfields Bruckhaus Deringer LLP; Ninette Dodoo – Freshfields Bruckhaus Deringer LLP; Karin Buzanich-Sommeregger – Freshfields Bruckhaus Deringer LLP; Leonhard Prasser – Freshfields Bruckhaus Deringer LLP; Felix Neuwirther – Freshfields Bruckhaus Deringer LLP; Johannes Samaan – Freshfields Bruckhaus Deringer LLP; Thomas Deutinger – Freshfields Bruckhaus Deringer LLP; Filip Peric – Freshfields Bruckhaus Deringer LLP; Lukas Bauer – Freshfields Bruckhaus Deringer LLP; Andreas Huber – Freshfields Bruckhaus Deringer LLP; Christof Pöchhacker – Freshfields Bruckhaus Deringer LLP; Matthias Hofer – Freshfields Bruckhaus Deringer LLP; Wolrad Prinz zu Waldeck und Pyrmont – Freshfields Bruckhaus Deringer LLP; Stephan Dorn – Freshfields Bruckhaus Deringer LLP; Michael Isak – Freshfields Bruckhaus Deringer LLP; Mathias Lehner – Freshfields Bruckhaus Deringer LLP; Georg Lübbehüsen – Freshfields Bruckhaus Deringer LLP; Gernot Fritz – Freshfields Bruckhaus Deringer LLP; Lukas Treichl – Freshfields Bruckhaus Deringer LLP;

Law Firms: Freshfields Bruckhaus Deringer LLP;

Clients: LG Electronics; LG Corporation;

 

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