Wikborg Rein has assisted Chinese M&G Stationery in its acquisition of Norwegian company Beckmann

We are proud to announce that we have assisted Chinese stationery giant and listed company M&G in its acquisition of Beckmann, the Norwegian premium schoolbag brand.

Beckmann is a leading schoolbag brand with 75 years of experience in professional spine protection schoolbags, dating back to 1946. The brand has a market share of more than 75% in Norway and provides products and services to consumers in more than 20 countries. Beckmann was sold by private equity fund Herkules IV.

M&G Stationery is one of the world's largest comprehensive stationery manufacturers headquartered in Shanghai. M&G Stationery covers more than 80,000 retail terminals in China and its products are exported to more than 50 countries and regions. Following the acquisition, M&G Stationery and Beckmann will join forces for fast, future growth.

The Wikborg Rein offices in China and Norway contributed throughout the transaction. Our unique combination of Chinese and Norwegian lawyers was a winning combination. As commented by our Norwegian, senior lawyer based in China, Therese Trulsen: "It is great to see cross-border transactions from China to Norway occurring even when business travel is restricted. We expect the anticipated free trade agreement being negotiated between Norway and China will increase trade and business opportunities between the two countries even further.".

For more information:

  • Shipping Offshore, China

    2022

    How to navigate China’s anti-sanctions laws amidst the sanctions against Russia

    The sweeping sanctions implemented against Russia give renewed relevance to the Chinese countermeasures to foreign companies with operations in China or doing business with Chinese counterparties. Companies should tread carefully to avoid falling foul of Chinese legislation.

  • Shipping Offshore, Renewable energy and infrastructure, China

    2022

    Status on China’s offshore wind power development

    Mainland China has become the largest offshore wind market in the world. An overall industry chain has been established which encompasses complete offshore wind installation and operation, as well as maintenance and spare parts manufacturing, presenting an attractive market for both domestic and foreign companies.

  • China, Career

    2022

    Women in law Series: Therese Trulsen

    In celebration of the International Women's Day on March 8th we’ve asked some of our female lawyers from across our international offices what it’s like being a woman in law today. This time we've talked to Therese Trulsen, senior lawyer and chief representative at our office in Shanghai.