Transaction Reports Waterside House

Gaw Capital acquires

Waterside House Legal advisor:

Gaw Capital Partners Acquires Waterside House at Paddington London

Tax advisor:

Hong Kong-based private equity real estate firm Gaw Capital Partners recently announced that it has acquired the Waterside House at Paddington in London on behalf of a pool of top-tier Korean institutional investors. Gaw Capital Partners is the advisor and co-investor in the Waterside House deal and will become the asset manager. It is the fourth acquisition in London led by Gaw Capital Partners on behalf of its Asian clients and is its eighth separate account direct investment since 2010.

This significant acquisition follows on the purchase of the iconic Lloyd’s of London Building by Ping An Insurance in July. Gaw Capital Partners advised Ping An Insurance on the purchase and it was the first

direct overseas property acquisition by a mainland China insurance company.

Designed by star architect Richard Rogers, the 237,800 square feet, Waterside House is located in one of the largest regeneration developments in Europe and is one hundred percent occupied by Marks & Spencer, where the property serves as its global headquarters.

Goodwin Gaw, Chairman and Managing Principal, said, “We are so pleased to acquire the striking and stunning Waterside House at Paddington London.” Gaw Capital Partners has raised equity in excess of US$3.567 billion since 2005 and currently commands assets of US$ 7.47 billion under management encompassing residential developments, retail centers, hotels and commercial properties.

ZF Friedrichshafen AG TMT to acquire

Rubber & Plastics Business Unit from

ZF Friedrichshafen AG Legal advisor to ZF Friedrichshafen AG:

Legal advisor to Zhuzhou Times New Materials:

TMT to acquire Rubber & Plastics Business Unit from ZF Friedrichshafen AG

Tax:

Shanghai-listed Zhuzhou Times New Material Technology Co., Ltd. (TMT) recently signed an agreement with ZF Friedrichshafen AG to acquire its Rubber & Plastics Business Unit. The Rubber & Plastics Business Unit will be carved out and transferred into a new company. TMT and ZF will ensure that all legal and contractual requirements are met and safeguard the transition of the current employees’ terms and conditions. The transaction is expected to close in the first half of 2014 and is subject to regulatory approvals for example in China and Europe as well as to approval by TMT’s shareholders.

Against the backdrop of strong consolidation in the rubber and plastics industry, ZF has concluded that

the Business Unit Rubber & Plastics - currently part of ZF’s Car Chassis Technology Division - will be better positioned as a standalone company, backed by a long-term strategic investor. The Business Unit Rubber & Plastics will generate sales of about EUR 700 million in 2013 with approximately 3,300 employees in nine locations across Europe, North and South America, Asia and Australia.

Dr. Stefan Sommer, CEO of ZF Friedrichshafen AG, said: “The new owner offers opportunities to the Rubber & Plastics Business Unit that we could not have provided within ZF. We are delighted that we have found a strategic partner that follows a long- term strategy, is willing to invest in the business and provides the best solution possible for our employees and customers.”

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