Chaowei Power Holdings Limited and the Moll-Möhrstedt family have admitted Metair Investments Limited as a new partner (25.1%) of Akkumulatorenfabrik MOLL GmbH & Co. KG. An Orrick team advised Chaowei in the transaction.
Based in Hong Kong, Chaowei is a leader in the development, manufacture and sale of lead-acid and lithium-ion batteries for the automotive industry.
The MOLL Group, based in Bad Staffelstein, Bavaria, is one of the most innovative battery suppliers for the automotive industry, with a decisive influence on the global battery technology market.
Metair is a stock-exchange listed company based in Johannesburg, South Africa. The company is responsible for a portfolio of companies that primarily manufacture and distribute products for the automotive industry.
In 2014, Orrick advised Chaowei on the conclusion of its partnership with MOLL, which comprised mutual equity investments in Germany and China as well as the exchange of technology and expertise.
The Germany-based Orrick team advising Chaowei in this transaction was led by partner Wilhelm Nolting-Hauff (M&A and Private Equity) and included partner Stefan Schultes-Schnitzlein (Tax), counsel Christoph Rödter (M&A and Private Equity) and associate Julian Dirksen (M&A and Private Equity).