E. J. McKay Advises SMA Solar Technology AG in Acquiring Jiangsu Zeversolar
New Energy Co., Ltd.
SHANGHAI, Dec. 21, 2012
SHANGHAI, Dec. 21, 2012 /PRNewswire/ -- SMA Solar Technology AG today signed a
definitive agreement to acquire a 72.5% controlling stake in Jiangsu
Zeversolar New Energy Co., Ltd., a leading photovoltaic inverter company in
China. The transaction enables the Niestetal, Germany based SMA to secure
access to the growing Chinese solar market and to consolidate its global
This landmark transaction, the largest in the Chinese solar industry of the
year, is representative of the kind of work E. J. McKay is engaged in, that of
"advising a highly select group of key clients in their significant
cross-border transactions that create measurable synergy and transform the
impacted industry," said James Z. Li, Chairman of E. J. McKay. "The SMA
Zeversolar deal is an important strategic milestone for our client and
solidifies EJM's leadership position in the renewable energy sector," he
The largest solar inverter maker in the world with a 2011 revenue of 1.7
billion Euros, SMA Solar Technology AG is a global leader in the development,
production, and sales of photovoltaic inverters. As a leading energy
management group, SMA offers innovative key technologies for future power
supply structures. SMA is headquartered in Niestetal, Germany, and represented
in all important PV markets in21 countries.
Jiangsu Zeversolar New Energy Co., Ltd. is a leading Chinese developer and
producer of PV inverters, based in Suzhou, Jiangsu. Zeversolar offers a range
of products from residential PV systems all the way to PV power plants in the
megawatts. The company has research and development facilities in Suzhou and
Shanghai, sales and service branches throughout China, and subsidiaries in
Australia and Germany. Zeversolar currently employs more than 450 employees
worldwide, and in 2011 achieved sales of CNY approx. 250 million.
About E. J. McKay
E. J. McKay is a Shanghai based investment banking group specialized in
structuring complex cross-border mergers & acquisitions and merchant banking
transactions. Through its offices and strategic partnerships, the firm is
present and active in major financial centers around the world. E. J. McKay
has a dedicated focus on China, and advises transactions both inbound and
outbound, representing clients both local and multinational.
For further information please visit:www.ejmckay.com,www.ejmckay.net, or
SOURCE E.J. Mckay & Co., Inc.
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