{"id":12381,"date":"2024-01-04T11:20:00","date_gmt":"2024-01-04T10:20:00","guid":{"rendered":"https:\/\/mrl-munich.com\/dr-franz-koehler-chemie-establishment-of-its-own-subsidiary-in-china-with-an-innovative-shareholder-model\/"},"modified":"2025-07-14T10:49:09","modified_gmt":"2025-07-14T08:49:09","slug":"dr-franz-koehler-chemie-establishment-of-its-own-subsidiary-in-china-with-an-innovative-shareholder-model","status":"publish","type":"post","link":"https:\/\/mrl-munich.com\/en\/dr-franz-koehler-chemie-establishment-of-its-own-subsidiary-in-china-with-an-innovative-shareholder-model\/","title":{"rendered":"Dr. Franz K\u00f6hler Chemie: Establishment of its own subsidiary in China with an innovative shareholder model"},"content":{"rendered":"\n<p><strong>By Frank-Christian Raffel<\/strong><\/p>\n\n\n\n<div class=\"wp-block-media-text is-stacked-on-mobile\" style=\"grid-template-columns:20% auto\"><figure class=\"wp-block-media-text__media\"><a href=\"https:\/\/www.koehler-chemie.de\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1000\" height=\"1000\" src=\"https:\/\/mrl-munich.com\/wp-content\/uploads\/2024\/01\/DFK_Logo_L.png\" alt=\"\" class=\"wp-image-10977 size-full\" srcset=\"https:\/\/mrl-munich.com\/wp-content\/uploads\/2024\/01\/DFK_Logo_L.png 1000w, https:\/\/mrl-munich.com\/wp-content\/uploads\/2024\/01\/DFK_Logo_L-300x300.png 300w, https:\/\/mrl-munich.com\/wp-content\/uploads\/2024\/01\/DFK_Logo_L-150x150.png 150w, https:\/\/mrl-munich.com\/wp-content\/uploads\/2024\/01\/DFK_Logo_L-768x768.png 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure><div class=\"wp-block-media-text__content\">\n<p class=\"has-text-align-left\"><a href=\"https:\/\/www.koehler-chemie.de\/\" target=\"_blank\" rel=\"noreferrer noopener\">Dr. Franz K\u00f6hler Chemie (DFKC)<\/a> is a research-intensive and innovative pharmaceutical company and is owner-managed in the third generation. DFKC is, among other things, the manufacturer of the organ-protective solution CUSTODIOL\u00a9, which is distributed worldwide by DFKC. <\/p>\n<\/div><\/div>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0);color:#445c77\" class=\"has-inline-color\">Starting Point<\/mark><\/strong><\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"has-text-align-left\">China is one of the most important markets in the world for DFKC. Due to the excellent health effects of CUSTODIOL\u00a9, DFKC entered the market very early on in cooperation with Chinese distributors.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"has-text-align-left\" style=\"font-size:20px\"><em>MRL Advisors carried out a market and competition analysis for DFKC in China, which confirmed the potential that was assumed to still exist.<\/em><\/p>\n<\/blockquote>\n<\/div>\n<\/div>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0);color:#445c77\" class=\"has-inline-color\">Objectives DFKC<\/mark><\/strong><\/p>\n\n\n\n<p class=\"has-text-align-left\">The management of DFKC had decided to establish a separate corporate presence in order to better exploit the market potential, improve the strategic management of activities and implement the brand strategy in China. The two Chinese distributors were invited by DFKC to participate in a joint venture.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0);color:#445c77\" class=\"has-inline-color\"><strong>Tasks of MRL Advisors<\/strong><\/mark><\/p>\n\n\n\n<p class=\"has-text-align-left\">MRL has been commissioned by DFKC to structure and negotiate a joint venture with the two Chinese distributors and DFKC. <\/p>\n\n\n\n<div class=\"wp-block-media-text is-stacked-on-mobile\" style=\"grid-template-columns:26% auto\"><figure class=\"wp-block-media-text__media\"><img decoding=\"async\" width=\"517\" height=\"517\" src=\"https:\/\/mrl-munich.com\/wp-content\/uploads\/2024\/01\/custodiol-1.jpg\" alt=\"\" class=\"wp-image-10970 size-full\" srcset=\"https:\/\/mrl-munich.com\/wp-content\/uploads\/2024\/01\/custodiol-1.jpg 517w, https:\/\/mrl-munich.com\/wp-content\/uploads\/2024\/01\/custodiol-1-300x300.jpg 300w, https:\/\/mrl-munich.com\/wp-content\/uploads\/2024\/01\/custodiol-1-150x150.jpg 150w\" sizes=\"(max-width: 517px) 100vw, 517px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<p class=\"has-text-align-left\">MRL has implemented a structure that gives DFKC ultimate control over its business activities in China (Note: Frank-Christian Raffel has already conducted a study on success factors of China engagement together with the AHK in Hong Kong and Shanghai among more than 400 German companies with a presence in China in 1997, from which key findings have been incorporated into the consulting practice of MRL Advisors; see below).<\/p>\n\n\n\n<p class=\"has-text-align-left\"><em>Image: DFKC, Custodiol<\/em><\/p>\n<\/div><\/div>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0);color:#445c77\" class=\"has-inline-color\">Result: target-oriented joint venture model<\/mark><\/strong><\/p>\n\n\n\n<p class=\"has-text-align-left\">The model developed and negotiated by MRL Advisors, Frank-Christian Raffel in the lead for DFKC in China has the following key points:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>DFKC is majority shareholder<\/li>\n\n\n\n<li>One of the Chinese distributors as a minority shareholder<\/li>\n\n\n\n<li>Furthermore, MelchersRaffel Ltd. is a minority shareholder (MelchersRaffel Ltd., Hong Kong, is a joint venture of the Bremen-based company Melchers and Frank-Christian Raffel and worked as a sub-contractor for MRL Advisors).<\/li>\n\n\n\n<li>Melchers (Beijing) Ltd. (\u201cMBL\u201d) is also a minority shareholder.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-media-text has-media-on-the-right is-stacked-on-mobile\" style=\"grid-template-columns:auto 34%\"><div class=\"wp-block-media-text__content\">\n<p class=\"has-text-align-left\">The JV Koehler Pharmaceuticals (Beijing) Ltd. was founded in mid-2020 under the Foreign Investment Law (FIL), which has been in force since January 1, 2020 and enables significant positive structures for the corporate governance and management of companies in China. <\/p>\n<\/div><figure class=\"wp-block-media-text__media\"><img decoding=\"async\" width=\"1000\" height=\"1000\" src=\"https:\/\/mrl-advisors.com\/wp-content\/uploads\/2025\/02\/Koehler_Beijing.png\" alt=\"\" class=\"wp-image-6764 size-full\" srcset=\"https:\/\/mrl-munich.com\/wp-content\/uploads\/2025\/02\/Koehler_Beijing.png 1000w, https:\/\/mrl-munich.com\/wp-content\/uploads\/2025\/02\/Koehler_Beijing-300x300.png 300w, https:\/\/mrl-munich.com\/wp-content\/uploads\/2025\/02\/Koehler_Beijing-150x150.png 150w, https:\/\/mrl-munich.com\/wp-content\/uploads\/2025\/02\/Koehler_Beijing-768x768.png 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure><\/div>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"734\" src=\"https:\/\/mrl-munich.com\/wp-content\/uploads\/2024\/01\/Signing_Dinner_KPBL-1030x738-1-1024x734.jpg\" alt=\"\" class=\"wp-image-10974\" style=\"width:416px;height:auto\" srcset=\"https:\/\/mrl-munich.com\/wp-content\/uploads\/2024\/01\/Signing_Dinner_KPBL-1030x738-1-1024x734.jpg 1024w, https:\/\/mrl-munich.com\/wp-content\/uploads\/2024\/01\/Signing_Dinner_KPBL-1030x738-1-300x215.jpg 300w, https:\/\/mrl-munich.com\/wp-content\/uploads\/2024\/01\/Signing_Dinner_KPBL-1030x738-1-768x550.jpg 768w, https:\/\/mrl-munich.com\/wp-content\/uploads\/2024\/01\/Signing_Dinner_KPBL-1030x738-1.jpg 1030w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-left\" style=\"font-size:12px;line-height:1\">The founders at the signing dinner, from right to left: Frauke Weiss and Dr. Gernot K\u00f6hler (DFKC shareholders); Candy Cheng (MelchersRaffel Ltd.); Lily Jiang and May Li (CICEL, Beijing); Augusto Blasi (DFKC); Frank-Christian Raffel (Managing Director MelchersRaffel Ltd., Hong Kong and MRL Advisors GmbH, Munich).<\/p>\n\n\n\n<div class=\"wp-block-media-text is-stacked-on-mobile\" style=\"grid-template-columns:27% auto\"><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"450\" height=\"550\" src=\"http:\/\/mrlnew.lischi.com\/wp-content\/uploads\/2025\/06\/Koehler_II.png\" alt=\"\" class=\"wp-image-158 size-full\" srcset=\"https:\/\/mrl-munich.com\/wp-content\/uploads\/2025\/06\/Koehler_II.png 450w, https:\/\/mrl-munich.com\/wp-content\/uploads\/2025\/06\/Koehler_II-245x300.png 245w\" sizes=\"(max-width: 450px) 100vw, 450px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<p class=\"has-text-align-left\">In this respect, MRL Advisors has taken full advantage of the new opportunities created by China&#8217;s legal system for foreign companies in China to largely support the ultimate goal of ultimate JV control at DFKC. MRL Advisors has also invited Melchers (MBL) to participate in the joint venture and to provide additional services as a corporate service provider for the joint venture. <\/p>\n<\/div><\/div>\n\n\n\n<p class=\"has-text-align-left\">JV KPBL is now well established on the market and is developing very satisfactorily.<\/p>\n\n\n\n<p class=\"has-text-align-left\">Upon request, MRL Advisors will be happy to illustrate the key design elements for successful companies in China Ultimately, the design findings of MRL Advisors are based on decades of experience and the 1997 study in China (<a href=\"\/studie-erfolgsfaktoren-der-internationalisierung-china\/\" data-type=\"post\" data-id=\"6851\">open INSIGHT here<\/a>).  <\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Frank-Christian Raffel Dr. Franz K\u00f6hler Chemie (DFKC) is a research-intensive and innovative pharmaceutical company and is owner-managed in the third generation. DFKC is, among other things, the manufacturer of the organ-protective solution CUSTODIOL\u00a9, which is distributed worldwide by DFKC. Starting Point China is one of the most important markets in the world for DFKC. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":12382,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[176,181,183,194,207,201,203,216,218,238,244],"tags":[271,272,288,303,307,341],"class_list":["post-12381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-active-shareholder-en","category-cases-en","category-china-en","category-health-en","category-ma-en","category-medtech-en","category-pharma-en","category-portfolio_mrl-en","category-produkt-capital-en","category-strategy-en","category-transactions-mrl-en","tag-corporate-governance-en","tag-custodiol-en","tag-fil-en","tag-joint-venture-en","tag-localization","tag-negotiation"],"_links":{"self":[{"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/posts\/12381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/comments?post=12381"}],"version-history":[{"count":3,"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/posts\/12381\/revisions"}],"predecessor-version":[{"id":12546,"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/posts\/12381\/revisions\/12546"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/media\/12382"}],"wp:attachment":[{"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/media?parent=12381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/categories?post=12381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/tags?post=12381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}