1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. Australia >
  5. GFG Alliance Acquires Steelforce Pty

M&A Deal Summary

GFG Alliance Acquires Steelforce Pty

On August 12, 2019, GFG Alliance acquired metals/mining company Steelforce Pty from Next Capital

Acquisition Highlights
  • This is GFG Alliance’s 1st transaction in the Metals/Mining sector.
  • This is GFG Alliance’s 1st transaction in Australia.

M&A Deal Summary
Date 2019-08-12
Target Steelforce Pty
Sector Metals/Mining
Buyer(s) GFG Alliance
Sellers(s) Next Capital
Deal Type Add-on Acquisition

Target

Steelforce Pty

Brisbane, Australia
Steelforce Pty Ltd. is a manufacturer, distributor, and traders of structural steel, merchant bar, steel pipes and tubes as well as a whole range of flat products and angles. It currently owns and operates a 120,000 tonne per annum steel pipe and tube manufacturing plant mill in Dalian, China. The company also imports products from other South East Asian mills for distribution in the Australian market. Steelforce was founded in 2000 and is based in Brisbane, Australia.

Search 214,557 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

GFG Alliance

London, United Kingdom
Category Company
Sector Diversified
DESCRIPTION

GFG Alliance is an international grouping of businesses mining, energy generation, metals, and engineering, underpinned by industry-friendly financial services, a substantial property portfolio.

DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Next Capital

Sydney, Australia

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 806M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Next Capital is an independent private equity firm focused on growth capital and small to mid-market buyout opportunities in businesses with low technology risk and limited exposure to commodity fluctuations. Sectors of interest include manufacturing, business services, consumer products, steel, and food/beverages. Next targets businesses valued between AU$50 and AU$250 million. Next Capital is based in Sydney, Australia.

DEAL STATS #
Overall 6 of 7
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Australia M&A 5 of 6
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Noisette

Port Melbourne, Australia

Noisette is a wholesale artisanal baker, supplying 1,350 customers throughout Melbourne and regional Victoria. The Business sells a range of cakes and pastries (predominantly croissants) to a diversified range of customers while also operating two retail sites in port Melbourne and Bentleigh. Noisette was founded in 2005 and is based in Port Melbourne, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-01 InterHealthcare

Queensland, Australia

InterHealthcare brings together leaders in the allied health field to grow a national network of allied health businesses and service providers. InterHealthcare is based in Queensland, Australia.

Buy -
Mergr

Solution for

Product

Company

Legal