Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
8 January 2014
Deals | France - M&A | Gide advises ZF Friedrichshafen on the sale of its rubber and plastics business
Gide has advised ZF Friedrichshafen AG on the French legal aspects of the sale of its Rubber & Plastics business unit to Shanghai-listed Zhuzhou Times New Material Technology Co., Ltd. (TMT). The sold business unit includes nine sites across Europe, North and South America, Asia and Australia, with approx. 3,300 employees for estimated revenues of 700 million euros in 2013. The transaction is still subject to regulatory approvals, including in China and Europe.
The sale of this business unit is a landmark transaction, one of the largest Chinese direct investments in Germany so far.
Gleiss Lutz acted as lead counsel to ZF Friedrichshafen AG. This transaction underlines the strength and efficiency of the Gide and Gleiss Lutz relationship in a network of independent European law firms (alongside Italian Chiomenti and Spanish Cuatrecasas Gonçalves Pereira) and illustrates the growth of Gide's Franco-German practice.
The Gide team advising ZF Friedrichshafen AG was led by partner Karl Hepp de Sevelinges, and included partner Foulques de Rostolan (employment law) and associate Erwan Ogier (M&A).
