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.