Cases & Deals

Nordson Corporation acquires ARAG

Client(s) Nordson Corporation

Jones Day advised Nordson Corporation in the acquisition and financing of ARAG Group and its subsidiaries from private equity funds advised by European private equity firm Capvis AG and its founders in an all-cash transaction that values ARAG Group at an enterprise value of €960 million ($1.05 billion) and in the related debt financing which consisted of a €760 million 364-day term loan agreement with JPMorgan Bank, N.A., as administrative agent. The term loan was used to finance Nordson's acquisition of Polyusus Lux XX S.a r.l., a Luxembourg private limited liability company, AgriTech Holding S.a. r.l., a Luxembourg private limited liability company, and, indirectly, Arag S.r.l., an Italian limited liability company.

Headquartered in Rubiera, Italy, ARAG is a global market and innovation leader in the development, production and supply of precision control systems and smart fluid components for agricultural spraying. Its portfolio consists of three key product families: fluid components, such as nozzles, pumps and filters; smart components that measure and control the flow, quantity and location of the dispensed fluid; and control systems that provide a greater variety of input and functionality to the customer.