International law firm Simmons & Simmons has assisted Chequers Capital, IGI SGR S.p.A. and the management of Rollon S.p.A. as sellers on the direct and indirect disposal of the entire share capital of Rollon S.p.A. to US giant Timken, a NYSE-listed company.
Rollon S.p.A. is a European leading company specialising in engineered linear motion products headquartered in Italy.
The Timken Company engineers, manufactures and markets bearings, gear drives, automated lubrication systems, belts, chain, couplings and linear motion products.
The transaction follows a competitive process and represents one of the most important M&A deals of the year in the European market.
Partner Andrea Accornero commented: “We are delighted to have advised high-end parties on this transaction at a time when we are seeing increasing interest from US companies in the Italian market. Playing such a huge role in this deal highlights a strong recognition of the firm’s corporate & commercial team’s leading position in a very competitive environment.”
Our team included partner Andrea Accornero, of counsel Moira Gamba, associate Alessandro Bonazzi, supervising associate Fabrizio Nebuloni and trainees Fabrizio Guadagnolo and Alma Migliorini.