M&A at Hogan Lovells

Diversified Industrials

M&A in the diversified industrials sector decreased by volume and value in 2019 as a result of downward pressure from industry consolidation and subdued organic growth conditions, with U.S.-China trade tensions and lagging GDP growth in markets around the world particularly impacting this sector.

Deal activity centered on access to new markets, expansion and optimization of product portfolios, and the emergence of new technologies, with a notably strong performance from the industrial machinery subsector.

Our Diversified Industrials lawyers convened with sector players globally, including multinational conglomerates in Korea, Japanese trading house clients in Tokyo and New York, and chemicals companies across Europe and globally, to discuss current topics such as how technology M&A, digitalization, supply chain solutions, and international trade impact their global operations. We hosted a Hogan Lovells Construction, Engineering, and Infrastructure Day, a full-day conference in London discussing an array of topics from procurement to payment.

We launched a podcast series, Hogan Lovells Think Tech, dedicated to assessing the impact of digitalization across the sector, as well as a cross-practice publication, Hogan Lovells Dl Horizons, offering insights into pressing issues within the diversified industrials sector.

430+

Diversified Industrials
lawyers

Band 1

Infrastructure: PFI/PPP
Chambers UK, 2019

In 2019, Hogan Lovells advised on the following
DI transactions, among others:

Fagerhult

Fagerhult

We advised Fagerhult, one of Europe's leading lighting companies, on its €385m acquisition of iGuzzini illuminazione, an iconic player in the lighting market. The acquisition strengthens Fagerhult's position in the high-end market, broadening its product offering in the outdoor, hospitality, and retail spaces and increasing exposure to markets including Italy, Switzerland, Spain, and North America. A team in our Milan, Rome, Dubai, Hamburg, Hong Kong, London, Madrid, Moscow, New York, Paris, Shanghai, and Singapore offices led this deal, with support from our antitrust, commercial, employment, environment, intellectual property, real estate, regulatory, and tax practices.

ORCA Group

We advised ORCA Group, a manufacturer of engineered and coated fabrics owned by the PE fund IDI, on its quadruple acquisition to create the Angeloni Group. The new entity brings together G. Angeloni, ITT, Dynanotex, and Impregnatex Compositi into a single, vertically integrated group designed to provide a high level of service to clients and target niche markets around the world. Lawyers in our Paris and Milan offices led this transaction, with support from our finance and tax practices.

PPG

We advised PPG, a global supplier of paints, coatings, and specialty materials, on its acquisition of Hemmelrath, a coatings manufacturer for automotive OEMs worldwide. The acquisition enhances PPG’s automotive coatings offering and adds formulating and manufacturing solutions to its portfolio. A global, cross-practice team led by our Munich and Washington, D.C. offices advised on this transaction.

Sojitz Corporation

We advised Sojitz Corporation on its investment in the Yunlin offshore wind farm project off the coast of Taiwan. The deal expands Sojitz's renewable energy business in light of rising global concern for the environment and long-term business sustainability. Lawyers in our Hamburg and Singapore offices led these transactions, with support from our antitrust, banking, litigation, and projects practices.

“Hogan Lovells fields a large team of dedicated lawyers who handle the full gamut of infrastructure-related matters and are regularly involved in significant transactions.”

Legal 500 UK, 2019

Diversified Industrials market statistics as published in Hogan Lovells Deal Dynamics