Leaf provided expert guidance in China to Tesca Group in its successful acquisition closed in July 2022 of Windsor Machine, a Chinese designer and manufacturer specializing in custom head restraints and armrests for the automotive industry. Led by Shanghai-based Partner Peggy Wu, Senior Partner Bruno Grangier and Associate Lin Mengqi, Leaf facilitated the transaction process, from legal due diligence to post-closing matters, strengthening Tesca’s presence in the automotive component market in several countries including China.
Leaf collaborated closely with Tesca’s team and their international attorney, ensuring a thorough legal evaluation of the transaction. This involved conducting on-site interviews, performing legal due diligence, helping to structure the acquisition, reviewing the transaction-related documentation, securing the inventory process. Furthermore, Leaf has followed-up the closing process by assisting with the necessary filings with the authorities in the People’s Republic of China.
Partner Peggy Wu expressed satisfaction with Leaf’s pivotal role, stating, “We are pleased to have advised Tesca Group in this important acquisition during Covid time in China. By acquiring the Chinese operations of this esteemed manufacturer, Tesca solidifies its position as a leading player in the automotive component market. Our team at Leaf worked closely with Tesca and their international attorney, delivering strategic legal counsel for a seamless acquisition process despite the constraints due to Covid at that time.”
About Leaf
Leaf is a multi-awarded corporate law firm specialized in operations in Asia.
Leaf is advising international corporations and mid-cap enterprises to safely complete their cross-border operations and their joint-ventures with state-owned and private partners. We also assist our clients in their strategic operations across Asia or to structure investments in Asian-based start-ups.
The team is composed of international corporate lawyers based in China and in France.
For further information
Peggy Wu: p.wu@leaf-legal.com
Bruno Grangier: b.grangier@leaf-legal.com
Website: www.leaf-legal.com
About Tesca Group
As a textiles and seat components manufacturer for the automotive industry, the Tesca group demonstrates its expertise in comfort and materials around the world with agility through a long-term vision. Imagine tomorrow, deliver every day is our motto. We are committed to listening to our clients’ needs and keeping a creative mind at all times.
For more information: https://www.tescagroup.com/en/
About Windsor
Windsor Machines is a designer and manufacturer of custom head restraints and armrests for the automotive industry.
