InterChina Partners advised Nanotec to transfer a part of its equity interest of Fulling Motor to a group of investors.

InterChina Partners, one of the leading investment banking advisory firms based in China, is pleased to announce that it advised Nanotec Electronic GmbH & Co. KG (“Nanotec”) to transfer a part of its equity interest in Changzhou Fulling Motor Co., Ltd. (“Fulling Motor”) to group of financial and strategic investors led by FirstLight Capital and IDG Capital. Post transaction, Nanotec remains a important shareholder of Fulling and a long-term strategic partner.

Nanotec, is one of the leading manufacturers of motors and controllers for high-performance drive solutions. The company has been developing and marketing a broad range of products since 1991. Nanotec's technology is primarily used in automation systems, laboratory automation, medical engineering, the packaging industry, and semiconductor production.

Fulling Motor, was established in 2001 as a JV of German Nanotec, a Swiss company, and Chinese shareholders. Fulling Motor manufactures and sells hybrid stepper motors, BLDC motors, servo motors, and motor drivers worldwide.

FirstLight Capital, established in 2019, focuses on control as well as late-stage significant minority investments. It is one of the fastest-growing private equity funds in China in recent years, with assets under management at US$2 billion. The management team of FirstLight Capital have extensive on-the-ground experiences and industry resources, and have completed over 40 investments domestically.

IDG Capital, is a world-leading private equity investment institution that has been developing venture capital business as a pioneer in China since 1993. For the past more than 30 years, IDG Capital has invested in more than 1600 companies, and made more than 500 successful exits through IPOs and M&A.

FirstLight Capital and IDG Capital are co-lead investors, and co-investors include CITIC Securities CLSA Capital Partners, China Capital Management, GL Ventures, Shunrong Capital, AgiBOT, etc.

“The transaction aligns with Nanotec’s global strategy, showing its commitment to building a strong supply chain while maintaining a strong business relationship with its Chinese partner. This strategic move is designed to enhance Nanotec's operations and ensure a stable supply chain for its products. We are pleased to see a group of prestigious investors joining Fulling, a strong, stable, a highly resilient and innovative company” says Barry Chen, Partner of InterChina.

“Fulling Motor, supported by its original shareholders and joint investors FirstLight Capital, IDG Capital, CITIC Securities CLSA Capital Partners, China Capital Management, GL Ventures and others, will gain resources and expertise for future development and capital market, and take advantage of the upcoming technological revolution in robotics.” said Mr. Wang, Yufei, founder of Fulling Motor.

InterChina’s deal team was led by Barry Chen, Partner-In-Charge, Corporate Finance, and Angela Zhang, Director. Other team members include Frank Lee, Winnie Zhuang and Kevin Xiao.

InterChina served as Nanotec’s exclusive advisor and provided comprehensive transaction advice, including full sell-side advisory services, including pre-sale evaluation, preparation of information memorandum, investors search, preparation of data room, due diligence coordination, negotiation of key terms and definitive agreements, transaction process management, and support for the closing process.