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Announced

4 Mar 2020

Michelin completed the acquisition of ConVeyBelts from Teak Capital.

Synopsis

Michelin, a French multinational tyre manufacturer, agreed to acquire ConVeyBelts, a manufacturer of conveyor belts used in the mining, steel, and transportation areas, from Teak Capital, a turnaround management acquisition corporation. Financial terms were not disclosed.

Principals

target

CONVEYBELTS

bidder

Michelin & Cie

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Market Context

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Bidder Team (3)

camila borba lefevre

Partner at Vieira Rezende Advogados

Lawyer

bidder

Deal

n/a

Total Value

rafael fischman hochman

Associate at Vieira Rezende Advogados

Lawyer

bidder

Deals

n/a

Total Value

florent menegaux

Managing General Partner at MICHELIN & CIE SA

Manager

bidder

Deals

£ 774 M

Total Value

Vendor Team (3)

lampros vassiliou

Chairman at TEAK CAPITAL

Investor

vendor

Deal

n/a

Total Value

luiz felipe almeida

General Counsel at TEAK CAPITAL

Investor

vendor

Deal

n/a

Total Value

carlos felipe barros

CFO at TEAK CAPITAL

Investor

vendor

Deal

n/a

Total Value

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