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A&O Shearman advises DSBJ on the acquisition of GMD Group and the restructuring of its financial debt

A&O Shearman advises DSBJ on the acquisition of GMD Group and the restructuring of its financial debt
Published Date
Nov 6 2025
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Quentin HerrySenior Associate, Paris
A&O Shearman has advised DSBJ PTE. LTD., a subsidiary of Suzhou Dongshan Precision Manufacturing Co., Ltd (DSBJ), an industrial group listed on the Shenzhen Stock Exchange, on the acquisition of Groupe Mécanique Découpage (GMD), a leading French automotive supplier company with operations in France and internationally, and the restructuring of its financial debt. This operation allows DSBJ to develop its activities in Europe.

The shareholders of GMD and DSBJ, one of the main manufacturers of components for the electronics, telecommunications and automotive sectors, have organized the takeover of the GMD group.

The parties and the bank and bond creditors of the GMD group have reached an agreement providing in particular for the acquisition of the entire share capital of GMD and the restructuring of its bank and bond debts. The operations planned under the terms of this agreement, approved by the Nanterre Economic Activities Court, were finalized on Wednesday, October 30, 2025.

"This case perfectly illustrates our ability to intervene in complex multi-jurisdictional transactions for the benefit of the industry. We are proud to have advised DSBJ on this major acquisition, which is part of the development of its business in Europe"

This transaction mobilized the expertise of a team of 71 lawyers in 14 offices within A&O Shearman.

The A&O Shearman team is led by partner Hector Arroyo, counsel Antoine Santoni, and associate Thibault-Amaury Deleersnyder on restructuring aspects, partner Anne-Caroline Payelle, associates Gaëtan Le Bris and Yahn Van Kalck on corporate M&A aspects, and partner Tess Fang on corporate M&A aspects in Hong Kong.

Partner Florence Ninane, senior associate Noémie Bomble, and associate Victoire Sipp were also involved on the competition law aspects, counsel Luc Lamblin and associate Adélie Sallou on regulatory aspects, partner Olivier Picquerey and associate Tristan Destibeaux on employment law aspects, partner Michel Houdayer and associate Baudouin Harou on financing aspects, partner Julien Sébastien and senior associate Quentin Herry on capital markets aspects, and partner Mathieu Vignon on tax aspects.

A&O Shearman teams in Czech Republic, Hungary, Slovakia, Germany, Morocco, Luxembourg, and Spain also intervened.

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