Investment Summary

Rubicon Partners and Grovepoint Exits John Lawrie Group

On March 2, 2022, ArcelorMittal invested in metals/mining company John Lawrie Group from Rubicon Partners and Grovepoint

Investment Highlights
  • This is ArcelorMittal’s 13th transaction in the Metals/Mining sector.
  • This is ArcelorMittal’s 2nd transaction in the United Kingdom.

Investment Summary

Date 2022-03-02
Target John Lawrie Group
Sector Metals/Mining
Investor(s) ArcelorMittal
Sellers(s) Rubicon Partners
Grovepoint
Deal Type Add-on Acquisition

Target

John Lawrie Group

Aberdeen, United Kingdom
John Lawrie Group provides key services to the oil and gas, construction, and utility sectors through its three divisions: Metals, which remains the largest metal recycler and exporter of processed scrap metal in North and North-East Scotland. Tubulars, which is a leading specialist in the trading of new and reusable tubulars for construction piling, and casing and drillpipe for oil and gas, around the world. Decom which provides decommissioning and recycling services to the oil and gas sector. John Lawrie Group was founded in 1930 and is based in Aberdeen, United Kingdom.

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Investor(S) 1

Investor

ArcelorMittal

Luxembourg, Luxembourg

Category Company
Founded 1976
Sector Metals/Mining
Employees125,416
Revenue 62.4B USD (2024)
DESCRIPTION

ArcelorMittal is a provider of steel producer and mining company. Guided by a philosophy to produce safe, sustainable steel, it is the supplier of quality steel products in all major markets including automotive, construction, household appliances and packaging. ArcelorMittal was incorporated in 1976 and is based in Luxembourg City.


DEAL STATS #
Overall 18 of 20
Sector: Metals/Mining M&A 13 of 14
Type: Add-on Acquisition M&A Deals 14 of 15
Country: United Kingdom M&A 2 of 2
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-28 ArcelorMittal USA

Chicago, Illinois, United States

ArcelorMittal USA LLC is engages in manufacturing of steel products. ArcelorMittal USA was founded in 2002 and is based in Chicago, Illinois.

Sell $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-28 Companhia Siderúrgica do Pecém

Ceara, Brazil

Companhia Siderúrgica do Pecém is a modern steel company that uses clean, state-of-the-art technology and whose guidelines are based on sustainability in of its all aspects – environmental, social, and economic. Companhia Siderúrgica do Pecém is based in Ceara, Brazil.

Buy $2.2B

Seller(S) 2

SELLER

Rubicon Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Rubicon Partners is a large private equity firm focused on acquiring industrial service and products businesses. The Firm targets business valued from £15 to £250 million and has a special interest in situations with transactional or operational complexity. Specific areas of interest include aerospace, construction, machinery, construction, building products, automotive, energy/power, industrial services, and specialty distribution. Prospective transaction situations include carve-outs, successions, and other special situations. Rubicon Partners was formed in 1993 and is based in London.


DEAL STATS #
Overall 7 of 12
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 7
Country: United Kingdom M&A 6 of 9
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Consolidated Timber Holdings

Tilbury, United Kingdom

Consolidated Timber Holdings is a UK importer of timber sheet materials, value added panel products and sawn softwood for the UK residential and commercial construction markets. The Company operates through several business units including Falcon Panel Products, MBM Softwoods, Compass Forest Products, MBM Specialty Forest Products, Triesse and Hoffman Thornwood, each with a successful trading track record and market leading products and brands. Consolidated Timber Holdings was founded in 1990 and is based in Tilbury, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-14 Avove

Chorley, United Kingdom

Avove design, build and maintain the UK’s utilities infrastructure, delivering industry-leading performance in water, waste-water, telecoms and power management sectors. Avove was founded in 2022 and is based in Chorley, United Kingdom.

Buy -
SELLER
DESCRIPTION

Grovepoint is a private investment firm focused on principal investing, investment management, and specialty lending. Within the FIrm's principal investing group, Grovepoint seeks 'transformational' opportunities where it can be part of the controlling group and help management with growth. Grovepoint was formed in 2010 and is headquartered in London.


DEAL STATS #
Overall 3 of 3
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: United Kingdom M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-22 Algatech

Kibbutz Ketura, Israel

Algatech Ltd. is a developer and commercialization of ingredients delivered from microalgae and used by leading food supplement, food, and cosmetic brands worldwide. Algatech was founded in 1998 and is based in Kibbutz Ketura, Israel.

Sell -