2 June 2014

Gilde Buy Out Partners and Parcom Capital to sell Nedschroef to PMC for EUR 325 million

De Brauw Blackstone Westbroek has assisted Gilde Buy Out Partners and co-shareholder Parcom Capital in the sale of Nedschroef Holding B.V., one of the global leaders in engineered automotive fasteners, to Shanghai Prime Machinery Company Limited (PMC).

Nedschroef will benefit from an improved global reach through PMC, one of the largest fasteners exporters in China, while the acquisition provides PMC with a strategic entry into the high-end automotive fasteners business.

PMC is a 49.6% controlled subsidiary of Shanghai Electric Group Corporation (SEC) and listed on the Hong Kong Stock Exchange. The current owners of Nedschroef are Gilde Buy Out Partners, Parcom Capital and company management, who value the transaction at an enterprise value of EUR 325 million. After completion of the transaction, PMC and Nedschroef will have combined fastener sales of over EUR 600 million.

De Brauw also assisted Nedschroef in 2007 on its divestment to Gilde and Parcom, and is pleased that Gilde and Parcom again chose De Brauw to be lead counsel in this transaction.

Team
Arne Grimme (lead partner), Gaby Smeenk (Shanghai partner), Yi Duan, Willem Bijveld, Marten Munch, Claudia Priem, Constantijn Voogt, Max van Drunen, Caroline Steinmetz, Okke Suurenbroek, Menno Stoffer, Pim van Leersum, Nicolien van den Biggelaar, Jolbert Smit, Oscar Lamme, Lisette van de Wouw-Scholz, Xandra Reijntjes, and Olga Konsek