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:

  • Data Protection, China, Technology and digitalisation

    2021

    New Chinese privacy law – PIPL

    4 factors you need to be aware of when doing business in China.

  • China, Mergers and Acquisitions

    2021

    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.

  • China

    2020

    China opens up further to foreign investments

    China has shortened the two “Negative Lists” which enumerate the industries where foreign investment will either be prohibited or restricted. On 23 July 2020 the updated Negative Lists came into effect and replaced their 2019 versions. The update signals further opening-up of the Chinese market to foreign investors. Sectors now further opening up include service sector such as financial services, as wells as manufacturing and agriculture. Whilst sectors that remain unavailable includes oil and gas exploration, pipe network etc.