Clifford Chance advised Prime Machinery Company Limited (PMC), Shanghai, China, on its acquisition of 100% shares of Koninklijke Nedschroef Holding, Helmond, Netherlands. PMC is one of the largest fasteners exporters in China. Nedschroef belongs to the global leaders in engineered automotive fasteners. The purchase price amounts to approximately 155.4  million Euros.

PMC, a public-listed company in Hong Kong Exchange Market, is a state-owned enterprise under Shanghai Electric Group (SEC). Vendors of Nedschroef are Gilde Buy Out Partners, Parcom Capital and the company's management.

The German Clifford Chance team was led by partner Dr. Stefanie Tetz (Corporate) and comprised partner Thomas Weitkamp (Banking & Capital Markets), the counsels Bettina Krause (Real Estate), Dr. Anette Gärtner (IP) and Dr. Matthias Wahl (Corporate) as well as the associates Wenzel Richter (Corporate), Mathias Klement (Litigation), Annika Schnell (Employment Law), Sabine Gröbner (Banking & Capital Markets) and transaction lawyer Caroline Lutz (Corporate) - all Munich.

The Chinese team was led by partner Glen Ma (Corporate, Shanghai), the Netherlands team by partner Hans Beerlage (Corporate, Amsterdam). Additionally involved were the Clifford Chance offices in Barcelona, Brussels, Beijing, Düsseldorf, Frankfurt, Hong Kong, Kiev, Madrid, New York, Paris und Warsaw.