NautaDutilh advises bidding consortium led by Advent, Cinven and RAG-Stiftung on the acquisition of the elevator business of thyssenkrupp

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.

Related articles

Shareholder Activism & Engagement Guide 2024

The Dutch Future Pensions Act: five things you need to know

ICT services: comparison of the ESMA and EBA outsourcing guidelines and DORA

NautaDutilh assists Buckaroo on partnership with ABN AMRO

NautaDutilh advises a.s.r. on its sale of Knab to BAWAG

Cross-border conversions, mergers and demergers (Mobility Directive)

Online incorporation of a private limited company

Changes in employment law: three takeaways

NautaDutilh assists Woningborg into partnership with French mutual insurer SMABTP

NautaDutilh assists Bencis and founder Pieter Kooi with exit of camera surveillance company Kooi

Five nominations for NautaDutilh at the 2023 Dutch M&A Awards

NautaDutilh advises Dutch State on its envisaged EUR 500 million investment in grid operator Stedin

Shareholder Activism & Engagement Guide 2023

Restrictive covenants: three takeaways

Temporary Transparency of Expedited Liquidation Act

NautaDutilh assists Lightyear with restructuring plan

NautaDutilh assisted FairPhone on its EUR 49 million investment round

Employment & Pensions: five things you need to know in 2023

DORA: the forthcoming EU legal framework on Digital Operational Resilience in the financial sector

NautaDutilh contributed to the International Comparative Legal Guide - Corporate Governance 2022

NautaDutilh contributed to the International Comparative Legal Guide - Corporate Governance 2022

NautaDutilh assists Keensight Capital and its portfolio company Sogelink with the acquisition of LOCATIQS

NautaDutilh assists Inflexion on the acquisition of enviolo

NautaDutilh assists Apax Partners SAS alongside Weil Gotshal & Manges LLP (France) with its acquisition of the Odin group

NautaDutilh assisted SIG Combibloc Group on the acquisition of Scholle IPN

NautaDutilh advises Accell Group on public offer by KKR-led consortium

NautaDutilh assists Pegasus Entrepreneurs with its EUR 210 million SPAC IPO on Euronext Amsterdam

NautaDutilh contributes to the International Comparative Legal Guide - Corporate Governance 2021

NautaDutilh advises on proposed merger of RTL Nederland and Talpa Network assets

NautaDutilh advises SIGNA Sports United on its $3.2 billion business combination with Yucaipa

NautaDutilh assists Lineage Logistics on the acquisition of Kloosterboer Group

NautaDutilh assists Keensight Capital with majority investment in Symeres

Five trends in Private Equity

NautaDutilh assists Bloom & Wild in the acquisition of Bloomon

NautaDutilh appoints three new partners and five new counsels

NautaDutilh assisted LLCP on its sale of FutureWhiz to NPM Capital

Record number of Dutch M&A Award nominations for NautaDutilh

NautaDutilh assists ABB with the acquisition of Codian Robotics B.V.

NautaDutilh assists FRAmelco with its sale to Bluestar Adisseo Company

NautaDutilh assisted Mediaocean with its acquisition of Symsys Software

Employment partner Homme ten Have in the FD about what we can learn from André Onana about discrimination in the workplace

NautaDutilh advises Advent and Cinven on their acquisition of Thyssenkrupp's elevator business, Europe's largest buy-out in the past decade

NautaDutilh assisted Dutch Banking Association in connection with additional COVID-19 relief arrangement for small businesses (Garantie Klein Krediet Corona)

NautaDutilh assisted Lineage Logistics with the acquisition of Frigo

NautaDutilh assisted Astorg's contemplated acquisition of a majority stake in Normec Group

Deal Certainty – Contracts upheld despite COVID-19

Shareholder Activism & Engagement in The Netherlands and Luxembourg

Private equity and VC transactions: key buy-side due diligence considerations and the mutual benefits of enhanced cooperation in uncertain times

NautaDutilh assists Levine Leichtman Capital Partners Europe with its majority investment in SiPM Group

Häfen und Güterverkehr Köln's acquisition of the European shipping business of the Imperial Group.

What issues should sellers anticipate when closing a transaction during the COVID-19 pandemic?

Do private equity firms need to reconsider the use of W&I insurance in Dutch M&A deals during the COVID-19 crisis?

NautaDutilh assists Tencent with the completion of its acquisition of a 10% stake in Universal Music Group

How to manage current M&A projects in the pre-signing stage

NautaDutilh assists Tencent on acquisition of 10% stake in Universal Music Group

Cookie notificatie