Cases & Deals

AGIC Capital sells Gimatic Srl to Barnes Group for €370 million (US$432.2 million)

Client(s) Asia-Germany Industrial Promotion Limited

Jones Day advised Asia-Germany Industrial Promotion Limited ("AGIC Capital"), a leading European-Asian private equity firm focused on equity investments in controlling interests and qualified minorities, in connection with its sale of Gimatic Srl to Barnes Group Inc. for €370 million (US$432.2 million) in cash. Gimatic Srl is the leading Italy-based supplier of "EOAT" (end-of-arm tools) for industrial automation and robotic applications.

Jones Day also previously acted as counsel to AGIC in its acquisition of Gimatic two years ago. This current exit by AGIC represents a four times return in value of investment.