Clifford Chance has advised Commerzbank Aktiengesellschaft as mandated lead arranger on two loans for the acquisition of ZF Friedrichshafen's Global Body Control Systems business by Luxshare, headquartered in Hongkong. The transaction is subject to the approval of the relevant regulatory authorities.

The Clifford Chance team was led by partners Dr. Bettina Steinhauer (Frankfurt) and Thomas Weitkamp (Munich) and comprised counsel Philipp Kropatscheck (Frankfurt), associates Dr. Johann Melchior Raiser and Ololade Oni (both Munich) – all Banking & Capital Markets, partner Olaf Mertgen (Tax), partner Dr. Kerstin Kopp and senior associate Rafael Lamlé (both Corporate, Frankfurt) as well as associates Eleanor Shu Xian Chai (Hong Kong) and Victor Greenstreet (Sydney, both Banking & Finance). A Clifford Chance team led by partner Timothy Democratis (Banking & Finance, Beijing) advised on the second loan. Lawyers in Clifford Chance's offices in New York, Warsaw, Prague, Milan and London also advised on the transaction.