Bureau Plattner and Pavia e Ansaldo for the entry of the Gloport fund in Meta System
Milan, 17 October 2019 – Bureau Plattner assisted Deren Europe Investment Holding S.à.r.l., a company of the Chinese group Deren, in the entry of the Sichuan Gloport Investment Development Group Co. Ltd fund in Meta System S.p.A., a company specialized in advanced electronic systems for the automotive sector, a leader in innovation, with over 150 registered patents and over 200 people employed on research & development. The overall investment is equal to about Euro 120 million.
Bureau Plattner’s team was led by partner Massimo Petrucci, supported by partner Carlo Gurioli, assisted by the professionals Xinxing Ji, Beatrice Gelmi, Elena Roda and Francesco Clerici. Gloport was assisted by Law firm Pavia e Ansaldo, with partners Claudio Cera and Daniele Carminati and counsel Chiara Andreotti, as well as the Chinese Grandway Law Offices.
The Deren group (ISIN: CNE00000001N62) is leader in the production of cabling and electronic components for vehicles, telematics, home appliances and the entertainment industry. Deren currently employs 20,000 people in 8 countries, with a turnover of approximately Euro 1 billion. Deren is listed on the Shenzhen stock exchange.
Gloport is a state fund controlled by the Yibin’s municipal government, which makes financial investments, performs activities of urban management, social housing, tourism and culture, real estate development, property services, energy management and technological incubation. The fund owns shareholdings in over 40 large companies.