Financial adviser to Meigui BV on sale of substantial stake in Vandenberg Asia to the Lynch Group and subsequent IPO
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