Partners Group’s acquisition of conveyor belt manufacturer Ammeraal Beltech

Freshfields Bruckhaus Deringer has advised private equity firm Advent International in connection with its exclusive negotiations to sell Ammeraal Beltech, a global leader in light-weight process and conveyor belting, to Partners Group.

Ammeraal manufactures, distributes and maintains light-weight process and conveyor belts for a diverse range of applications covering nearly every major industry, including food processing, airports and baggage handling, logistics and textile production. Headquartered in Alkmaar in the Netherlands, the company provides products to over 30,000 customers in more than 150 countries. It employs over 2,600 people and generated a turnover of EUR 385 million in 2017.

The transaction is expected to close in Q3 2018, subject to completion of the consultation process with the works councils of Ammeraal Beltech and other employee representative bodies, the signing of a definitive agreement, and approval by relevant anti-trust authorities.

William Blair and RBC Capital Markets acted as M&A advisors and Clifford Chance acted as Legal Advisor to Partners Group.

Advent was advised by Goldman Sachs International and Rothschild.

The Freshfields team is being led by partners Adrian Maguire (picture) and James Scott and senior associate Vincent Bergin.

Clifford Chance has advised Partners Group on the acquisition with a team led by Global Head of Private Equity Jonny Myers, supported by antitrust partner Jenine Hulsmann and private equity partners Spencer Baylin and Greg Crookes and Claudio Cerabolini.

Involved fees earner: Jonny Myers – Clifford Chance; Spencer Baylin – Clifford Chance; Gregory Crookes – Clifford Chance; Claudio Cerabolini – Clifford Chance; Jenine Hulsmann – Clifford Chance; Adrian Maguire – Freshfields Bruckhaus Deringer LLP; James Scott – Freshfields Bruckhaus Deringer LLP; Vincent Bergin – Freshfields Bruckhaus Deringer LLP;

Law Firms: Clifford Chance; Freshfields Bruckhaus Deringer LLP;

Clients: Advent International; Partners Group;