HiWing Group, Ascend Capital Partners and SAIC Motor Corporation Limited (SHSE:600104) entered into a definitive agreement to acquire IEE International Electronics & Engineering S.A from Apax Partners France and other shareholders on January 7, 2013. IEE had revenues of €160 million. The transaction must be approved by antitrust officials and regulatory authorities.

Houlihan Lokey acted as financial advisor and Vincent Ponsonnaille, Marianick Darnis Lorca, Julien Wagmann, Stan Andreassen, Thomas Bastien, Arnaud Coibon, Caroline Taudière, Danièle Buchler, Aurélie Clémentz, Bryan Chan, Jian Fang, Zhang Xiaoying, Gong Qing, Jonathan Emery, Linlin Liu, Helder Agostinho, Thomas McGrath of Linklaters LLP acted as legal advisors for APAX Partners and other sellers. Ascend Capital acted as financial advisor, Offham Technology acted as consultant, Arendt & Medernach acted as legal advisor and Deloitte acted as accountant for HiWing Group, Ascend Capital Partners and SAIC Motor Corporation Limited.