AKD, together with leading Italian law firm NCTM, has advised certain minority shareholders, including the founding Tadolini family, and the management of Megadyne on this buyout transaction, described by Megadyne as ‘a turning point in its history’.  

The transaction follows Partners Group's recent agreement to acquire Ammeraal Beltech, a global leader in light-weight process and conveyor belting, from Advent International. The combined enterprise value of the two transactions, which both include investment participation from management teams, is EUR 2 billion.

Lead partner Lennart Crain: ”We are pleased to have advised the founding Tadolini family, certain other shareholders and management on this transaction, representing a new step in its business, and we are proud to have been able to contribute to this important milestone in the history of the company, alongside NCTM.”

Megadyne develops and manufactures polyurethane and rubber belts for use in power transmission and conveying systems, as well as a range of complementary products such as rubber hoses and metal pulleys. It has its headquarters in Turin, Italy, and serves over 30,000 customers across a variety of industries through 15 manufacturing plants and 33 distribution centers all around the world. The company employs more than 2,300 people and generated sales of EUR 319 million in 2017.

Click here to read Megadyne’s press release.

AKD team: Lennart Crain (lead partner), Remco Bosveld, Robert Jean Kloprogge, Natalja van Hofwegen, Mark van Kippersluis, Vincent Bettonville and Sanne Swinkels.