Partners Group's Megadyne buys Sati

The founders and the management team will stay on with the company and continue to lead Sati, ensuring continuity of the business strategy. 

Following this acquisition, Megadyne expects to consolidate its market position, increase its revenues and expand its product range to a complete offering of open-transmission components.

Partners Group acquired Megadyne from Astorg and Neuberger Berman in July 2018. The  deal valued the company at around €1bn, equal to 17x its EBITDA. The investment was made from several Partners Group funds and mandates, including Partners Group Direct Equity 2016, which closed on €3bn in July 2017.

Megadyne produces polyurethane and rubber belts for power-transmission and conveying systems, as well as a range of complementary products such as rubber hoses and metal pulleys. The company has 30,000 customers across several industries and operates 15 manufacturing plants and 33 distribution centres worldwide. Megadyne employs 2,300 people and generated EBITDA of around €60m from revenues of €320m in 2018.

Company
Established in 1974 and based Valsamoggia, near Bologna, Sati specialises in manufacturing industrial gears and open-transmission components. 

People
Sati – Ames Rambaldi (CEO).

Advisers
Equity – NCTM (legal).
Company – Gambino Repetto & Partners (legal).

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