IFLR1000

Thyssen-Bornemisza Group €1 billion acquisition of Petrolvalves

1/3/2016
Public acquisition
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€ 1 billion

$ 1.075 billion

Completed

1/3/2016

Overview:

  • Thyssen-Bornemisza Group through its investment company TBG Holdings has acquired Petrovalves for €1 billion from Sator and the Candiani family.
  • Paterovalves is an Italian valve manufacturer.
  • TBG took a controlling stake in June 2015 and completed the acquisition of the remaining shares in March 2016.

Sam Duke - Editor

Jurisdiction:

Italy

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Industrials and manufacturing

Firms:
Clifford Chance

Party: Thyssen-Bornemisza Group (Acquirer)

Lawyer: Paolo Sersale

Gianni & Origoni

Party: Sator (Seller)

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