A&O Shearman Advises DSBJ on Acquisition of GMD Group and Restructuring of Its Financial Debt

A&O Shearman advised DSBJ PTE. LTD., the subsidiary of Suzhou Dongshan Precision Manufacturing Co., Ltd (DSBJ); FTPA Avocats represented Groupe Mécanique Découpage (GMD) and its subsidiaries; Orsay Avocats advised GMD's historic shareholders; Bird & Bird (Paris) acted for GMD's banking creditors; Weil, Gotshal & Manges LLP (Paris) acted for GMD's bondholders. DSBJ was also assisted on financial aspects by Interpath. The transaction comprised the acquisition by DSBJ of the entirety of the share capital of Groupe Mécanique Découpage (GMD), a leading French automotive subcontractor with operations in France and internationally, together with a coordinated restructuring of GMD's bank and bond debt. The shareholders of GMD and DSBJ engaged to organise the takeover of the group. The parties and GMD's banking and bond creditors reached an agreement providing for the acquisition of GMD's capital and the restructuring of its financial indebtedness. That agreement was approved by the Tribunal des activités économiques de Nanterre and the operations contemplated by the agreement were finalised on Wednesday 30 October 2025. A&O Shearman represented DSBJ PTE. LTD. with a team composed by: Hector Arroyo (partner), Antoine Santoni (counsel) and Thibault-Amaury Deleersnyder (associate) on restructuring matters; Anne-Caroline Payelle (partner), Gaëtan Le Bris (associate) and Yahn Van Kalck (associate) on corporate M&A; and Tess Fang (partner, Hong Kong) on corporate M&A in Hong Kong. The firm also deployed specialists across competition, regulatory, employment, financing, capital markets and tax: Florence Ninane (partner), Noémie Bomble (senior associate) and Victoire Sipp (associate) on competition; Luc Lamblin (counsel) and Adélie Sallou (associate) on regulatory matters; Olivier Picquerey (partner) and Tristan Destibeaux (associate) on employment; Michel Houdayer (partner) and Baudouin Harou (associate) on financing; Julien Sébastien (partner) and Quentin Herry (senior associate) on capital markets; and Mathieu Vignon (partner) on tax. A&O Shearman mobilised a team of 71 lawyers across 14 offices, with additional support from its offices in the Czech Republic, Hungary, Slovakia, Germany, Morocco, Luxembourg and Spain. Interpath advised DSBJ on the financial aspects, with a team composed by: Arnaud Demeocq (managing director), Guillaume Réquin (managing director), Gabriel Dubois (associate director) and Caroline Larue (manager). FTPA Avocats represented GMD and its subsidiaries with a team composed by: Edouard Fabre (partner), Antoine Tchekhoff (partner) and Johan Akrout (associate). Orsay Avocats advised GMD's historic shareholders with a team composed by: Samira Friggeri (partner) and Pierre Hesnault (partner). Bird & Bird (Paris) acted for GMD's banking creditors with a team composed by: Romain de Ménonville (partner), Pierre-Jean Chenard (counsel) and Maxime Hervy (associate). Weil, Gotshal & Manges LLP (Paris) acted for GMD's bondholders with a team composed by: Céline Domenget-Morin (partner), Emilie Cobigo (associate) and Olivier Ployez (associate).

A&O Shearman Advises DSBJ on Acquisition of GMD Group and Restructuring of Its Financial Debt

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