Industrials
Financial adviser to Meigui BV on sale of substantial stake in Vandenberg Asia to the Lynch Group and subsequent IPO
Background
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 on the subsequent IPO of the enlarged group. Steen was introduced to the situation by Aad Van Noord and Burckhard Schneider, both well known in the aerospace industry and former shareholders of Interturbine, who were also shareholders in this new venture.
About the transaction
Steen Associates negotiated the transaction terms between Vandenberg and Lynch and undertook a detailed valuation of the constituent parts of the business to support the sale and the subsequent IPO. The China business of Vandenberg, which was sold to Lynch, had revenues approaching US $200 million, forming the core of the enlarged platform brought to market.
About the client
Following the acquisition of Vandenberg’s China business, the consolidated Lynch Group proceeded to an IPO which raised AU $206 million of new capital supporting the growth ambitions of the combined business supported by shareholders like Aad Van Noord and Burckhard Schneider alongside existing Vandenberg and Lynch stakeholders.
Date:
March 2021
Service:
Buy-side
Size:
Undisclosed
Deal locations:
