Kion $2.1 billion acquisition of Dematic

21/6/2016

Private acquisition

Value:

$ 2.1 billion

Status:

Completed

Date:

21/6/2016

Overview:

The KION Group, a supplier of forklift trucks and warehouse equipment has acquired Dematic, an automation provider and specialist in supply‑chain optimization, from funds managed by AEA Investors and Ontario Teachers’ Pension Plan.
The transaction was valued at $2.1 billion.
KION Group obtained €3.0 billion bridge loan facility to finance the acquisition.

Rani Mehta - Journalist

Jurisdictions:

United States
Germany

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Technology and telecommunications

Firms:

Cravath Swaine & Moore

Party: Kion Group AG (Acquirer)

Lawyers: Aaron Gruber, Mark Greene

Fried Frank Harris Shriver & Jacobson

Party: Ontario Teachers' Pension Plan (Seller)

Party: AEA Investors (Seller)

Gleiss Lutz

Party: Kion Group AG (Acquirer)

Lawyer: Adrian Bingel

Hengeler Mueller

Party: Kion Group AG (Borrower)

Lawyer: Johannes Tieves

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