M&A Deal Summary

Cerberus Capital Management Acquires Cyanco

On February 7, 2018, asset manager Cerberus Capital Management acquired chemicals company Cyanco from Oaktree Capital Management

Acquisition Highlights
  • This is Cerberus Capital Management’s 1st transaction in the Chemicals sector.
  • This is Cerberus Capital Management’s 39th transaction in the United States.
  • This is Cerberus Capital Management’s 1st transaction in Nevada.

M&A Deal Summary

Date 2018-02-07
Target Cyanco
Sector Chemicals
Buyer(s) Cerberus Capital Management
Sellers(s) Oaktree Capital Management
Deal Type Secondary Buyout

Target

Cyanco

Reno, Nevada, United States
Cyanco is a large global producer of sodium cyanide with manufacturing facilities in Nevada and Texas serving customers in North America, Latin America, and Africa. Cyanco’s Applied Technology provides consulting services, laboratory support, and cyanide processing technologies to assist customers in optimizing their metal recoveries and sodium cyanide usage throughout the mine lifecycle. Cyanco prides itself on its commitment to safety, and is one of the original signatories to the International Cyanide Management Code (ICMC) and is represented on the Industry Advisory Group to the International Cyanide Management Institute.

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Buyer(S) 1

Buyer

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.


DEAL STATS #
Overall 57 of 87
Sector (Chemicals) 1 of 2
Type (Secondary Buyout) 8 of 14
State (Nevada) 1 of 1
Country (United States) 39 of 63
Year (2018) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-04 Isola Group

Chandler, Arizona, United States

Isola Group is a global material sciences company focused on designing, developing, manufacturing, and marketing copper-clad laminates and dielectric prepregs used to fabricate advanced multi-layer printed circuit boards. The Company's high-performance materials are used in sophisticated electronic applications in the communications infrastructure, computing/networking, military, medical, aerospace, and automotive industries. Isola Group was founded in 1912 and is based in Chandler, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-27 Bluestone Australia

Sydney, Australia

Bluestone Australia is a non-bank mortgage lender and servicer, headquartered in Sydney with operations in Australia, New Zealand and the Philippines. In addition to lending to borrowers who don’t meet bank criteria, Bluestone also provides servicing solutions to third parties, leveraging its proprietary origination and servicing systems and resources. Bluestone has successfully issued 24 securitisations across Australia and New Zealand primarily under its Sapphire shelf.

Buy -

Seller(S) 1

DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 56 of 75
Sector (Chemicals) 1 of 1
Type (Secondary Buyout) 15 of 23
State (Nevada) 3 of 3
Country (United States) 42 of 53
Year (2018) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-11 Axilone

Paris, France

Axilone is a manufacturer of plastic components for the make-up, fragrance and skincare markets: caps, jars, dispensing caps, galvanized and metallized collars and jars with strong added value through surface treatment. Axilone was founded in 1998 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-20 Bavaria Yachtbau

Giebelstadt, Germany

Bavaria Yachtbau is a manufacturer of sailing yachts, motorboats and catamarans. Bavaria Yachtbau builds around 3,500 yachts per year. Bavaria Yachtbau was founded in 1978 and is based in Giebelstadt, Germany.

Sell -