EHC Global closes $130 million sale to Prysmian Group

On Jan. 8, EHC Global announced that it had completed its sale to Prysmian Group for $130 million.

Established in Canada in 1977, EHC Global is a global manufacturer and supplier of escalator handrails, rollers, elevator belts, strategic components and integrated solutions for the vertical transportation industry. EHC Global also provides a comprehensive range of maintenance and installation services for escalators and moving walkways. Both EHC Global and Prysmian Group’s Draka Elevator are well-established and highly-respected brands within the global elevator and escalator industry.

Randy Lewis, EHC Global general counsel, led the in-house EHC Global transaction team.

Cassels Brock & Blackwell LLP acted for EHC Global with a deal team led by
Jake Bullen,
and which included
Mickey Lungu,
Andrew Dilts,
Jesse Tepperman (private equity and M&A),
Doug Richardson (tax),
Chris Hersh (competition and foreign investment),
Brenda Swick (international trade),
Ted Frankel,
Tim Pinos (advocacy).

Stefano Ranzini and Michele Binda led Prysmian Group’s transaction team.

Allen & Overy LLP advised Prysmian Group with a deal team that included
Paolo Ghiglione,
Antonio Ferri.

Bennett Jones LLP acted as Canadian counsel to Prysmian Group with a team that included
Ian Michael
,
Lucas Stevens-Hall.


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