Yinyi Group €1 billion acquisition of Punch Powertrain

Overview:

• Chinese conglomerate the Yinyi Group has acquired Belgian car parts group Punch Powertrain in a €1 billion deal.
• Punch was sold by a group of investors that included Gimv, Capricorn, LRM and PMV.
• The price tag includes debt.
• The deal was first announced in March of this year.

Kurt Stumpo - Journalist