M&A Deal Summary

D Orazio Capital Acquires New Castle Stainless Plate

On January 25, 2017, private equity firm D Orazio Capital acquired metals/mining company New Castle Stainless Plate from Outokumpu for 28M EUR

Acquisition Highlights
  • This is D Orazio Capital’s 1st transaction in the Metals/Mining sector.
  • This is D Orazio Capital’s 0th largest (disclosed) transaction.
  • This is D Orazio Capital’s 3rd transaction in the United States.
  • This is D Orazio Capital’s 1st transaction in Indiana.

M&A Deal Summary
Date 2017-01-25
Target New Castle Stainless Plate
Sector Metals/Mining
Buyer(s) D Orazio Capital
Sellers(s) Outokumpu
Deal Type Divestiture
Deal Value 28M EUR

Target

New Castle Stainless Plate

New Castle, Indiana, United States
website
New Castle Stainless Plate is a producer of world-class specialty and standard grades of stainless steel. Its end markets include infrastructure, transportation, power generation, heavy chemical industries, and the oil & gas sector. New Castle Stainless Plate is based in New Castle, Indiana.

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Buyer(S) 1

Buyer

D Orazio Capital

Investor Investor

website

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

D’Orazio Capital Partners is a private investment firm focused on control investments in profitable, lower middle-market North American companies with up to $100 million in annual revenue. D’Orazio will consider a variety of investment situations including ownership transitions, non-core divestitures, and recapitalizations. Sectors of interest include logistics, maintenance/repair, industrial manufacturing, supply-chain management, oil/gas, and energy products/services. D’Orazio Capital Partners was established in 2015 and is headquartered in Chicago, Illinois.

DEAL STATS #
Overall 3 of 3
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 3 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-20 GLM Energy Services

Kenai, Alaska, United States

GLM Energy Services is a provider of components, maintenance, and repairs to gas turbines, centrifugal gas compressors, pumps, gearboxes, and generators in the energy industry. GLM specializes in overhaul and parts manufacturing of Solar, GE, and Siemens gas turbines and is a certified GE Distributor and Green Tag repair center providing the highest quality of repair and expertise concerning GE valves. GLM Energy Services is based in Kenai, Alaska.

Buy -

Seller(S) 1

SELLER

Outokumpu

Helsinki, Finland

website

Category Company
Founded 1910
Sector Metals/Mining
Employees9,088
Revenue 5.6B EUR (2020)
DESCRIPTION

?Outokumpu engages in production of stainless steel with cold-rolling capacity of 2.4 million tonnes. Company create advanced materials that are efficient, long lasting and recyclable – helping to build a world that lasts forever. Stainless steel is an ideal material to create lasting solutions in demanding applications from cutlery to bridges, energy to medical equipment. Outokumpu was founded in 1910 and is based in Helsinki, Finland.

DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 2 of 2
Type (Divestiture) 2 of 2
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-30 SO.GE.PAR.

Milan, Italy

So.Ge.Par s.p.a, the Italian distributor of stainless steel.

Buy €335M
Mergr

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