Travers Smith Head of Corporate, Chris Hale, led the team advising the management of Dematic on the company’s sale to, and new equity arrangements with, AEA Investors and Teachers Private Capital (the private equity arm of Canadian pension fund Ontario Teachers’ Pension Plan) for a reported figure between €700-800m.
Dematic is a global leader providing a comprehensive range of intelligent intralogistics and materials handling solutions. Triton originally acquired Luxembourg-based Dematic from Siemens in 2006 and implemented a turnaround structure which took Dematic from a position whereby it was losing €100 million a year, to one earnings of €100 million, (before EITDA) on a turnover of €100 billion.
The Travers Smith team also included corporate associates James McClymont and Gemma Phillips. Triton were advised by Linklaters and AEA Investors by Fried Frank.
