Clifford Chance has advised a Chinese consortium comprising Zhengzhou Coal Mining Machinery (Group) Co., Ltd (ZMJ) and China Renaissance Capital Investment (CRCI) on the acquisition of Robert Bosch GmbH's Starter Motors and Generators (SG) business.

The transaction is expected to significantly accelerate SG's growth in North America and China, the world's largest automotive market, as well as to maintain SG's leading market position in Europe. The parties have agreed not to disclose the purchase price. The transaction is subject to closing conditions and customary regulatory approvals.

Robert Bosch Starter Motors Generators Holding GmbH (SG), a subsidiary of Robert Bosch GmbH, is a world-wide leader in the field of automotive energy supply with a product portfolio that includes high-efficiency generators and starter motors for petrol and diesel engines as well as the economical and CO2-reducing start-stop and hybrid systems. SG has 16 locations in 14 countries, including Germany, China, Brazil, Hungary, India, Mexico, South Africa, Spain and the United States.

ZMJ is a global leading manufacturer of coal mining machinery and auto components. The company is dual-listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange.

CRCI, headquartered in Hong Kong, is a Chinese private equity firm with over USD 2 billion of total assets under management.

The Clifford Chance team was led by partner Dr. Nicole Englisch and comprised counsel Gwendolyn Antonia Müller, associates David Schwenneker and Nico Basener (all Corporate, Munich), partner Dr. Stefan Simon and counsel Dr. Philipp Schäuble (both Employment, Frankfurt), partner Dr. Claudia Milbradt (Düsseldorf) and senior associates Dr. Alexander Weiß (Munich) and Diana Baer (Düsseldorf, all IP)  as well as partner Thorsten Sauerhering and counsel Dr. Dominik Engl (both Tax, Frankfurt). Lawyers from the Clifford Chance offices in Shanghai, Hong Kong and Madrid also worked on this transaction.