Simpson Thacher, through its Beijing and New York offices, is representing Shanghai Electric (Group) Corporation (“SEC”) in connection with its agreement with Goss International Corporation and its majority shareholder, Matlin Paterson Global Opportunities Partners, to become Goss’s second largest shareholder. SEC, a leading Chinese state-owned enterprise, is one of the largest equipment manufacturing groups in China. Goss International supplies web offset presses and finishing systems for printing applications. The transaction, which was announced on June 12, is subject to government review and other customary closing conditions. Terms of the transaction have not been disclosed.
The Simpson Thacher team included Douglas Markel, Liang Wang and Maggie Zheng of the Beijing office (Corporate) and, in the New York Office, Marni Lerner, Anthony Vernace, Nick Ferrer, Brian Korchin (M&A), Christian Struck, Justin Lungstrum and Mark Chorazak (Credit), Kurt Dudas (Tax), Mike Isby (Environmental), Rachel Berry, Beth Understahl and Nisha Jain (Executive Compensation and Employee Benefits), Julie Levy (Labor), Krista McManus and Bryan Herzbach (Real Estate), Noah Leibowitz, Marcela Robledo and Alex Key (IP/Litigation). Summer Associate Stephanie Weiner provided valuable assistance.