JunHe represented Foshan Shunde Deerma Co., Ltd. (“DEERMA”) in acquiring global water purification business of PHILIPS.
Flying Fish Group are devoted to providing “one-stop E-commerce services” to domestic and offshore electronic devices and consumer goods brands, DEERMA cooperated with domestic and offshore factories, agencies and dealers to sell home appliances to dozens of states and regions around the world by OLM. DEERMA is scheduled to build its “Produce-Supply-Sell” integration water purification product industrial chain by acquiring the targeted business.
The targeted business was divided into two parts, offshore acquisition was involved with regulations of NDRC, .MOFCOM and Foreign exchange administrative and the transference and permission of PHILIPS trade mark, the deal structure design and negotiation of agreement articles were supposed to give considerations to both domestic and offshore issues; meanwhile, PHILIPS was extremely strict with the closing time point. In such a situation, the JunHe team assisted the client to adjust the deal plan ceaselessly and safeguarded the client’s interest to the greatest extent, and successfully completed the domestic and offshore delivery in the set time.
JunHe, as legal counsel to DEERMA in its acquisition of global water purification business of PHILIPS, provided legal services including due diligence, deal structure design, registration and approval on foreign investment and legal opinions on exclusive trade mark authorization of PHILIPS in the water purification field, represented DEERMA to negotiate with PHILIPS and its legal counsel, safeguarded the client’s material commercial interests and successfully closed the project. Up til now, DEERMA has taken over the development, design, producing, marketing and after-sale services of the whole –set water purification business of PHILIPS