Dechert Advises Interchim and its Sharholders in its Sale to Inner Mongolia Junzheng Energy & Chemical Group Co. Ltd in Partnership with Advion, Inc.
July 10, 2020
Dechert advised Interchim, a leading family office producing life sciences equipment, along with its shareholders, in connection with its sale to the Chinese group Inner Mongolia Junzheng Energy & Chemical Group Co. Ltd (“Junzheng”) listed on the Shanghai Stock Exchange, in partnership with Advion, Inc.
The four companies operating under the name Interchim, whose main facilities are based in Montluçon, France, were acquired by Junzheng through its European subsidiary Newport Europe B.V.
This transaction between manufacturers will serve to structure the group and represents a decisive step for Interchim. It will ensure a transition between shareholders, with long-term prospects for development, by offering industrial and commercial opportunities abroad, particularly in Asia. It will also create synergies with the teams and products at Advion, Inc., their manufacturing partner since 2012, which is based in the United States.
Interchim’s experience in developing equipment for the recreational and therapeutic CBD market will allow the acquiring company to expend in North America and the rest of the world.
The Dechert team advising Interchim included:
- on corporate/M&A aspects: Isabelle Marguet, national partner, with Aude Steinberg and Vianney Toulouse, associates;
- on labour aspects: Thibault Meiers, national partner;
- on intellectual properties aspects: Marie Fillon, national partner.
About Dechert
Dechert is a leading global law firm with 26 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
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