Press release

London Monday 22 March 2021

Steen Associates acts as financial adviser to Meigui BV

Steen Associates acted as financial adviser to the Vandenberg company and its shareholders on the sale of its China business to the Australian Group Lynch and the subsequent IPO of the enlarged Group.

Steen Associates negotiated the transaction and valued the constituent parts of the business. Steen were introduced to the situation by Aad Van Noord, and Burckhard Schneider both well known in the aerospace industry and past shareholders of Interturbine, who were shareholders in this new venture.

The China business of Vandenberg had revenues approaching $200m and the IPO of Lynch Group raised AUD $206m of new money

For more information please contact one of our Analysts or Partners using the details below.

Ends

Notes to Editors:

1

Steen Associates Frankfurt Office

Brentanostra├če 6
60325 Frankfurt
Germany

2

Steen Associates London Office

27 Great Queen Street
London, WC2B 5BB
United Kingdom

3

Steen Associates Paris Office

9, rue du Quatre Septembre
75002 Paris
France

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About Steen Associates

Steen Associates is an M&A advisory firm specialising in the aerospace, defence and industrial sectors. Steen has advised on a wide range of strategic transactions, predominantly in Europe and the USA, from its offices in London, Frankfurt, New York and Paris.

For more details about Steen Associates please visit www.steenassociates.com.

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Contact Details

 

Joerg Freimund
Partner
Steen Associates
Frankfurt

T: +49 69 770 1992 00
E: joerg@steenassociates.com

Emmanuel Roger
Partner
Steen Associates
Paris

T: +33 1 70 79 13 10
E: emmanuel@steenassociates.com

Jason Steen
Partner
Steen Associates
London

T: +44 (0)20 7405 5040
E: jason@steenassociates.com

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