M&A Deal Summary

Acerinox Acquires VDM Metals Holding

On November 7, 2019, Acerinox acquired metals/mining company VDM Metals Holding from Lindsay Goldberg and Falcon Metals B.V. for 532M EUR

Acquisition Highlights
  • This is Acerinox’s 1st transaction in the Metals/Mining sector.
  • This is Acerinox’s 2nd largest (disclosed) transaction.
  • This is Acerinox’s 1st transaction in Germany.

M&A Deal Summary
Date 2019-11-07
Target VDM Metals Holding
Sector Metals/Mining
Buyer(s) Acerinox
Sellers(s) Lindsay Goldberg
Falcon Metals B.V.
Deal Type Add-on Acquisition
Deal Value 532M EUR

Target

VDM Metals Holding

Werdohl, Germany
VDM Metals Holding GmbH is a producer of specialty nickel alloys. VDM develops and manufactures nickel, cobalt and zirconium alloys as well as high-alloyed special stainless steels. VDM Metals Holding GmbH was founded in 1930 and is based in Werdohl, Germany.

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Buyer(S) 1

Buyer

Acerinox

Madrid, Spain
Category Company
Founded 1970
Sector Metals/Mining
Employees8,245
Revenue 6.6B EUR (2023)
DESCRIPTION

Acerinox is a stainless steel manufacturer. Acerinox production network is made up of six factories, three of them integrated, spread over four continents: Europe, America, Africa and Asia. Our product sales, with more than 11,000 possible combinations, are conducted through a far-reaching commercial network operating with sales in 86 countries. Acerinox was founded in 1970 and based in Madrid, Spain.

DEAL STATS #
Overall 1 of 2
Sector (Metals/Mining) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (Germany) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-05 Haynes International

Kokomo, Indiana, United States

Haynes International is a developer, manufacturer and marketer of technologically advanced, nickel- and cobalt-based high-performance alloys, primarily for use in the aerospace, chemical processing and land-based gas turbine industries. Haynes International was founded in 1912 and is based in Kokomo, Indiana.

Buy $970M

Seller(S) 2

SELLER

Lindsay Goldberg

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lindsay Goldberg is a large private equity firm that targets investments in traditional, basic industries. Lindsay looks to commit $50 to $250 million per transaction in sectors that include basic & commodity manufacturing, financial services, food, and distribution. Lindsay looks to partner with management in pursuing transactions. Lindsay Goldberg was formerly known as Lindsay Goldberg & Bessemer. The Firm was formed in 2001 and is based in New York City.

DEAL STATS #
Overall 32 of 40
Sector (Metals/Mining) 2 of 2
Type (Add-on Acquisition) 10 of 12
Country (Germany) 3 of 4
Year (2019) 1 of 1
Size (of disclosed) 9 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-14 Amentum

Chantilly, Virginia, United States

Amentum is a contractor to the U.S. federal government and select allied national governments, supporting programs of critical national significance across defense, security and intelligence, energy, and environmental cleanup. Amentum previously operated as the Management Services segment within AECOM. Amentum is based in Chantilly, Virginia.

Buy $2.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-11 Liveo Research

Basel, Switzerland

Liveo Research is a global packaging company serving primarily the pharmaceutical and food and beverage industries. Within the pharmaceutical packaging segment, an end market with high barriers to entry and attractive growth. Liveo Research has a global presence, with production facilities in Europe, the U.S. and Asia, and a large and diverse customer base, with a proven track record of strong customer retention and low customer concentration. Liveo Research was founded in 1962 and is based in Basel, Switzerland.

Buy -
SELLER

Falcon Metals B.V.

Amsterdam, Netherlands
Category Company
Sector Metals/Mining
DESCRIPTION

Falcon Metals B.V. is a producer of nickel alloys. Falcon Metals B.V. is based in Amsterdam, Netherlands.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Germany) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 VDM Metals Holding

Werdohl, Germany

VDM Metals Holding GmbH is a producer of specialty nickel alloys. VDM develops and manufactures nickel, cobalt and zirconium alloys as well as high-alloyed special stainless steels. VDM Metals Holding GmbH was founded in 1930 and is based in Werdohl, Germany.

Buy -
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