Partners Group eyes Megadyne, Ammeraal Beltech merger after agreeing €2bn buyouts

Partners Group has agreed the €2bn buyout of a pair of businesses in the conveyor belt and power transmission belt industries from fellow private equity houses Astorg and Advent International. The firm said it hopes to merge Astorg’s power transmission belt business Megadyne Group with Netherlands-based Ammeraal Beltech, which it agreed to buy from Advent …