M&A Deal Summary

KPS Capital Partners Acquires Speira

On March 5, 2021, private equity firm KPS Capital Partners acquired metals/mining company Speira from Norsk Hydro for 1.4B EUR

Acquisition Highlights
  • This is KPS Capital Partners’ 4th transaction in the Metals/Mining sector.
  • This is KPS Capital Partners’ 6th largest (disclosed) transaction.
  • This is KPS Capital Partners’ 2nd transaction in Germany.

M&A Deal Summary

Date 2021-03-05
Target Speira
Sector Metals/Mining
Buyer(s) KPS Capital Partners
Sellers(s) Norsk Hydro
Deal Type Divestiture
Deal Value 1.4B EUR

Target

Speira

Grevenbroich, Germany
website
Speira is a manufacturer of advanced rolled aluminum products, producing approximately one million tonnes per year, with over a century of experience. Speira operates seven manufacturing plants, an R&D center, and nine sales offices globally.

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Buyer(S) 1

Buyer

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1991
PE ASSETS 13.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $100 million to $1 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York City.


DEAL STATS #
Overall 42 of 52
Sector (Metals/Mining) 4 of 4
Type (Divestiture) 18 of 23
Country (Germany) 2 of 4
Year (2021) 1 of 6
Size (of disclosed) 6 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Hussey Copper

Leetsdale, Pennsylvania, United States

Hussey Copper is a manufacturer of copper bus bars and other copper products in the United States. With a fully integrated mill, the company provides a wide range of flat-rolled copper products for the electrical distribution, industrial and residential construction markets. Through its locations in Leetsdale, PA, and Eminence, KY, Hussey is vertically integrated to capitalize on the trend towards outsourced fabrication. As a fully integrated producer, Hussey manufactures its products by melting and casting its copper to provide the finished product or component part. Hussey produces a wide range of copper and, to a lesser extent, copper-nickel products. Hussey Copper was founded in 1848 and is based in Leetsdale, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-08 Eviosys

Baar, Switzerland

Eviosys is a global supplier of metal packaging, producing food cans and ends, aerosol cans, metal closures and promotional packaging to preserve the products of hundreds of consumer brands.

Buy €2.3B

Seller(S) 1

SELLER

Norsk Hydro

Oslo, Norway

website


Category Company
Founded 1905
Sector Metals/Mining
Employees31,000
Revenue 149.7B NOK (2021)
DESCRIPTION

Norsk Hydro is a global aluminium company with production, sales and trading activities throughout the value chain, from bauxite, alumina and energy generation to the production of primary aluminium and rolled products as well as recycling. Based in Norway, the company has 13,000 employees involved in activities in more than 50 countries on all continents. Rooted in more than a century of experience in renewable energy production, technology development and progressive partnerships, Hydro is committed to strengthening the viability of the customers and communities serve. Norsk Hydro was founded in 1905 and is based in Oslo, Norway.


DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 2 of 2
Type (Divestiture) 2 of 2
Country (Germany) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 WMR Recycling

Dormagen, Germany

WMR Recycling GmbH operates an aluminum recycling facility.

Buy -