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  • Deal or case news
  • 03-03-2020

NautaDutilh advises a consortium led by international private equity firms Advent, Cinven and RAG-Stiftung on the Dutch aspects of the acquisition of the elevator division of thyssenkrupp AG. The transaction with a value of €17.2 billion is expected to be the largest-ever European buyout transaction to date. The transaction is expected to close by the end of the third quarter of 2020, subject to customary closing conditions and regulatory approvals.

thyssenkrupp's elevator division is a leading international provider of elevator technology with worldwide operations including the Netherlands. Its product portfolio includes passenger and freight elevators, escalators and moving walkways, passenger boarding bridges, stair and platform lifts as well as a customised service business including maintenance of its entire product portfolio.

The NautaDutilh team was led by Private Equity/M&A partner Joost den Engelsman and counsel Joost Kloosterman. The team also included Jules van de Winckel, Alex Draaisma (Corporate/M&A), Homme ten Have (Employment), Sjuul Jentjens (Tax), Lesley Van Cappellen (Finance) and Frans Overkleeft (Corporate Advice).

NautaDutilh is working alongside law firm Kirkland & Ellis on the transaction.

Read the press releases from Advent and Cinven.

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