Partners Group takes control of Italy’s Megadyne and will merge it with Ammeraal Beltech

Partners Group, the global private markets investment manager, takes control of Megadyne, an Italian leading manufacturer of power transmission belts (see here the press release). Rumors about a change of control in the company to Partners Group have been on the market for about a month (see here a previous post by BeBeez). Sellers are Astorg Partners, Neuberger Berman and the Tadolini family. The deal is expected to close by Q3 2018. 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 2 billio