Status: Clearance

Acquirer: Zhengzhou Coal Mining Machinery Group Co., Ltd. (China); China Renaissance Capital Investment (China)

Acquired: Robert Bosch Starter Motors Generators Holding GmbH (Germany)

Value: Approximately $595 million

Industry: Automotive

On May 2, 2017, Zhengzhou Coal Mining Machinery Group Co., Ltd., a Chinese equipment manufacturing company publicly traded on the Hong Kong Stock Exchange, entered into a share purchase agreement with Robert Bosch GmbH and its subsidiary Robert Bosch Investment Nederland B.V. to purchase 100% equity interests in Robert Bosch Starter Motors Generators Holding GmbH, a Robert Bosch business that manufactures starter motors and generators for cars. (See Zhengzhou Coal Mining Machinery Group, Rule 13.10B Announcement, Hong Kong Stock Exchange, Aug. 23, 2017.) China based investment entity Chizhou Zhongan Zhaoshang Equity Investment LLP, under the control of China Renaissance Capital Investment, joined Zhengzhou Coal Mining Machinery Group in the purchase. (See id.; Zhengzhou Coal Mining Machinery Group, Rule 13.10B Announcement, Hong Kong Stock Exchange, Dec. 6, 2017 (machine translation of Chinese language); Bosch Press Release, With its partner CRCI, ZMJ plans to acquire Robert Bosch Starter Motors Generators Holding GmbH, May 2, 2017).  The transaction was conditioned on being “not prohibited pursuant to the relevant provisions for a voluntary filing with the Committee on Foreign Investment in the United States (CFIUS).” (See Zhengzhou Coal Mining Machinery Group, Hong Kong Stock Exchange Overseas Regulatory Announcement, Aug. 23, 2017.) Zhengzhou Coal Mining Machinery Group filed an announcement on the Hong Kong Stock Exchange that CFIUS reviewed the indirect acquisition of the U.S. business of Bosch Starter Motors Generators Holding, formerly known as Robert Bosch Motors Generators LLC, and determined on December 4, 2017 that there are no unresolved national security concerns with the deal. (See Zhengzhou Coal Mining Machinery Group, Rule 13.10B Announcement, Hong Kong Stock Exchange, Dec. 6, 2017 (machine translation of Chinese language); see also Reuters, Zhengzhou Coal Mining Machinery gets greenlight from CFIUS to buy Robert Bosch Starter, Dec. 6, 2017.)