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siNTerama s.p.a. aNd iNdorama veNTures plC aCquire The polyesTer sTaple Fiber aNd speCialTy FilameNT busiNesses oF


Trevira Gmbh' sinterama s.p.a., an italian and leading european manufacturer of dyed polyester yarns, and indorama ventures public Company limited, the world’s largest vertically integrated polyester chain producers, listed in Thailand and belonging to the indonesian group indorama, have approved the 100% acquisition of the polyester staple Fibre, specialty Filament business of Trevira Gmbh, which has operations in Germany and poland. The whole share capital of Trevira Gmbh will be held by sinterama s.p.a. with an initial 25% and the remaining 75% by indorama ventures public Company. The deal will be done through a new Joint venture Company. In this regard the new JV Company signed a definitive Share


Purchase Agreement on 4 February 2011 with the seller. The transaction is expected to be completed by Q2, 2011.


Trevira GmbH is a fully integrated Polyester Fibre Company in Europe with a capacity of 120,000 tonnes per annum of staple fibre and filament yarn at its manufacturing locations in Germany and Poland. It is the European market leader in high value applications of polyester, especially in automotive and home textiles. Orrick acted as legal advisors on this transaction, which was


led by partners, Guido Testa of the Milan office and Erich Michael of the Frankfurt office. fi


Trevira GmbH is a fully integrated Polyester Fibre Company in Europe with a capacity of 120,000 tonnes per annum of staple fibre and filament yarn at its manufacturing locations in Germany and Poland.


The Nation Indorama Ventures Plc acquires the Polyester Staple Fiber and Specialty Filament Businesses of Trevira GmbH


Legal advisor to the management team:


Legal advisor to the vendor: Legal advisor to the Carlyle Group: Financial advisor to the equity provider: Financial due diligence provider: Legal advisor to Tsubaki Nakashima:


Environmental due diligence provider:


Management team due diligence provider:


t ransact ions


121


The Carlyle Group To aCquire Tsubaki Nakashima Co., lTd.; supporTiNG Tsubaki Nakashima


overseas expaNsioN Global alternative asset manager The Carlyle Group has reached final agreement to acquire 96.56 per cent of outstanding shares of Tsubaki Nakashima Co., ltd. from Nomura principal Finance Co., ltd. (NpF). The transaction is expected to close by the end of march 2011. Tsubaki Nakashima is a global manufacturer of high quality bearing


components, mainly precision balls. With its advanced engineering and production capabilities spanning Japan, China, India, Eastern Europe, Taiwan and the U.S., Tsubaki Nakashima has established a large clientele of global bearing manufacturers. Tsubaki Nakashima is highly focused on further expanding its global business operation to capture growing demand in the emerging markets and from the economic upturn among developed countries. Mr. Tamotsu Adachi, Managing Director and Co-Head of Carlyle


Japan Partners said, “Tsubaki Nakashima has solid market positioning and advanced engineering capabilities, making it highly competitive in global markets. It is well placed to benefit from the global economic recovery and the fast emerging market growth. Tsubaki Nakashima represents a good investment opportunity for Carlyle to participate in the growth of a well-managed company that is led by President Mr. Kondo.” Mr. Takanori Kondo, President of Tsubaki Nakashima, said “Tsubaki


Nakashima supplies a diverse range of products to customers worldwide, with the aim of creating value through manufacturing and contributing to society. To serve the increasing market demands, we are aggressively expanding our global footprint and supply capacity, focusing on developing new products, new technologies, and new markets.” fi


Tsubaki Nakashima has solid market positioning and advanced engineering capabilities, making it highly competitive in global markets.


Carlyle buys Tsubaki Nakashima for $856.9M


This announcement appears as a matter of record only


This announcement appears as a matter of record only fi MONTHLY MARCH 2011


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