Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) is advising Hong Kong listed AAC Technologies on the acquisition of a majority stake in Premium Sound Solutions (PSS) from Value Enhancement Partners and Ardent Equity Management. The completion of the transaction is subject to regulatory approvals and other customary closing conditions.

PSS is a global manufacturer of premium sound systems and acoustic solutions with a strong focus on innovation and sustainability. As a B2B company, PSS serves global premium customers in the automotive as well as in the consumer market. The sellers will keep a minority stake in PSS.

AAC Technologies (2018.HK) is listed on the Hong Kong Stock Exchange and a provider of sensory experience solutions with the goal of building the future of interactive sensory technologies. The company has strong capabilities in acoustics, optics, haptics, sensor and semiconductor, and precision manufacturing. AAC intends to further focus its efforts on the industries of smartphones, intelligent vehicles, virtual reality, augmented reality and smart homes.

The announcement by the parties is available here.

Freshfields is advising AAC Technologies on all legal aspects of this transaction with a European Tech M&A team based in Amsterdam, Belgium and Germany as well as teams in Hong Kong, Singapore and other locations. The team is led by partners Lars Meyer (Frankfurt/Berlin), Saloua Ouchan (Amsterdam), Nigel Gleeson (Singapore) and Frédéric Elens (Brussels) together with Principal Associates Laura Frühauf (Berlin), Zach Truscott (Amsterdam), Lauren Willen (Brussels) and Stephan Reemts (Frankfurt) as well as Associate Anne Zwolsman (Amsterdam).

The team further comprised:

Partners: Grace Huang (Corporate/M&A, Hongkong), Rafique Bachour, Merit Olthoff (all Antitrust, Brussels), Ninette Dodoo (Antitrust, Beijing), Nina Bayerl (IP, Munich), Eelco van der Stok (Tax, Amsterdam), Nabeel Yousef (Trade & Sanctions, Washington), Xin Liu (Commercial, Hong Kong), Michael Broeders (Finance, Amsterdam), and Frank Schaer (Employment, Frankfurt)

Counsel: Cindy Kwong (Hong Kong), Koen Vanlaer (Brussels), Bert Spijkervet (Amsterdam, all Corporate/M&A), Satya Staes Polet (Employment Law, Brussels), Charles Ramsey, Meytal McCoy (both Antitrust, Washington), Uwe Salaschek (Antitrust, Berlin), Nino De Lathauwer (Commercial, Brussels), and Tim Elkerbout (Finance, Amsterdam)

Principal Associates: River He (Corporate/M&A, Shanghai) and Jan Jeram (Antitrust, Brussels)

Associates: Claire Langlois (Corporate/M&A, Brussels), Hadrien Berlanger (Corporate/M&A, Brussels), Sophie Sperlich (Antitrust, Brussels), Wenting Ge, Xiaopeng Lai (both Antitrust, Beijing), Diana Baum, Kilian Seidel, Philipp Simon (all IP, Munich), Noah Lipkowitz (Commercial, New York), Théodora Milos (Real Estate, Brussels), Brunhilde Van Den Haute (Employment Law, Brussels), Fabian Zöpfchen (Employment Law, Frankfurt), and Stan Lemmen (Tax, Amsterdam).