Tokai Rubber Industries Ltd. (TSE:5191) agreed to acquire Dayco Fluid Technologies S.p.A. from Athena Private Equity SA, Iniziativa Gestione Investimenti SGR SpA, Compagnia Italiana Ristrutturazioni Industriali S.r.l. and other shareholders for €62.5 million on December 17, 2012. Tokai Rubber will acquire 72.5 million shares of Tokai. Athena will sell 49.41%, Iniziativa Gestione will sell 14.14% and Compagnia Italiana Ristrutturazioni will sell 33.14% stake in Dayco Fluid. For the year ended 2011, Dayco Fluid posted sales of €310.69 million, total assets of €281.89 million, net assets of €78.27 million and net income of €12.86 million. The closing of the transaction is conditional upon clearance regarding merger control filing and other several conditions precedents under the share purchase agreement. The share purchase agreement is scheduled to be signed on December 19, 2012. The deal is expected to be closed on March 31, 2013.

Gazzaniga Giovanni, Paolo Nastasi, Marco Muratore, Silvia Corbella, Francesca Croci, Silvia D'Alberti, Maria Luisa Di Lauro, Kim Richard, Benidze Tamara, Wazel Daisy, Gunther Evelyn, Bazin Dmitry, Blagovolina Maria, Mathes Stefanie, Kurmies Jolanta, Ziganshina Dilyara, Filippo Bucchi, Livio Bossotto, Mendola Lydia, Giorgia Giorgetti, Ye Jean, Polyakova Yulia and Francesco Guelfi of Allen & Overy acted as legal advisors for Tokai. Hibiya-Nakata acted as legal advisor for Tokai. Alberto Rittatore Vonwiller and Luca d'Imporzano of Carnelutti Studio Legale Associato acted as legal advisor for Athena Private Equity, Compagnia Italiana Ristrutturazioni Industriali and Iniziativa Gestione Investimenti. Bnp Paribas Securities (Japan) Limited acted as financial advisor for Tokai Rubber Industries Ltd.

Tokai Rubber Industries Ltd. (TSE:5191) completed the acquisition of Dayco Fluid Technologies S.p.A. from Athena Private Equity SA, Iniziativa Gestione Investimenti SGR SpA, Compagnia Italiana Ristrutturazioni Industriali S.r.l. and other shareholders on February 27, 2013.