M&A Deal Summary

Noroeste Acquires Cementos Balboa

On June 30, 2021, Noroeste acquired building materials company Cementos Balboa from KKR

Acquisition Highlights
  • This is Noroeste’s 1st transaction in the Building Materials sector.
  • This is Noroeste’s 1st transaction in Spain.

M&A Deal Summary

Date 2021-06-30
Target Cementos Balboa
Sector Building Materials
Buyer(s) Noroeste
Sellers(s) KKR
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
Latham & Watkins (Legal)

Target

Cementos Balboa

Alconera, Spain
Cementos Balboa is a cement plant located in the Extremadura region in Spain with a state-of-the-art facility finalized in 2005.

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Buyer(S) 1

Buyer

Noroeste

Vigo, Spain

Category Company
Founded 1958
Sector Building Materials
DESCRIPTION

Noroeste is a manufacturer of concrete and aggregates. Noroeste was founded in 1958 and is based in Vigo, Spain.


DEAL STATS #
Overall 1 of 1
Sector: Building Materials M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Spain M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 165 of 215
Sector: Building Materials M&A 7 of 8
Type: Add-on Acquisition M&A Deals 56 of 69
Country: Spain M&A 6 of 7
Year: 2021 M&A 14 of 21
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