M&A Deal Summary

Palladium Equity Partners Acquires Kymera

On October 11, 2018, private equity firm Palladium Equity Partners acquired metals/mining company Kymera from Platinum Equity

Acquisition Highlights
  • This is Palladium Equity Partners’ 1st transaction in the Metals/Mining sector.
  • This is Palladium Equity Partners’ 43rd transaction in the United States.
  • This is Palladium Equity Partners’ 3rd transaction in North Carolina.

M&A Deal Summary
Date 2018-10-11
Target Kymera
Sector Metals/Mining
Buyer(s) Palladium Equity Partners
Sellers(s) Platinum Equity
Deal Type Secondary Buyout
Advisor(s) Lazard Middle Market (Financial)
Morgan Lewis
Baker & McKenzie
Alston & Bird (Legal)

Target

Kymera

Durham, North Carolina, United States
Kymera is a specialty materials company focused on aluminum and copper-based powders, granules, and pastes. The Company sells its products into a wide variety of end markets, including chemical, specialty auto, general industrial, additive manufacturing, mining, and aerospace applications. Kymera is the only non-ferrous metal powder producer with a global manufacturing footprint in the U.S., Australia, Europe, and Asia. Kymera's products are typically customized for the manufacturing processes of its over 1,500 active, long-tenured customers. Kymera was founded in 1876 and is based in Durham, North Carolina.

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Buyer(S) 1

Buyer

Palladium Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Palladium Equity Partners is a private equity firm that looks to invest in businesses focused on the US Hispanic marketplace. Target sectors include business services, financial services, consumer/retail, food/restaurants, healthcare, manufacturing, and media. Palladium's target investment size is $50 to $150 million with an EBITDA of $10 to $75 million. The Firm will consider investing in mature, stable businesses as well as younger companies and turnaround situations. Palladium was formed in 1997 and is based in New York City.

DEAL STATS #
Overall 44 of 52
Sector (Metals/Mining) 1 of 1
Type (Secondary Buyout) 5 of 9
State (North Carolina) 3 of 3
Country (United States) 43 of 51
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-10 Spice World

Orlando, Florida, United States

Spice World is a provider of garlic and other spices under the Spice World brand. The Company provides retailers with fresh, innovative and on-trend ingredients and spices and has multiple production facilities, and over 200 customers nationally. Spice World was founded in 1949 and is headquartered in Orlando, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 Quirch

Coral Gables, Florida, United States

Quirch is a distributor of food products in the Southeastern U.S., Latin America, and the Caribbean, with a customer list that includes independent and chain supermarkets, foodservice distributors, processors and manufacturers, cruise lines, and restaurants. Quirch was formed in 1967 and is based in Coral Gables, Florida.

Buy -

Seller(S) 1

SELLER

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.

DEAL STATS #
Overall 55 of 78
Sector (Metals/Mining) 3 of 3
Type (Secondary Buyout) 14 of 21
State (North Carolina) 2 of 2
Country (United States) 47 of 65
Year (2018) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-10 BlueLine Rental

Shippensburg, Pennsylvania, United States

BlueLine Rental LLC is a provider of rental equipment services in North America, offering comprehensive lines of earthmoving, aerial and other construction equipment to service its customer base across multiple end markets, including the industrial, energy, infrastructure, nonresidential and residential construction, and non-construction markets.

Sell $2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-16 Exterion Media

London, United Kingdom

Exterion Media (UK) Ltd. is an outdoor media company, providing custom media solutions to outdoor advertising agencies and direct clients in the United Kingdom, Ireland, France, Italy, the Netherlands, Spain and China. Exterion Media (UK) Ltd. is based in London, United Kingdom.

Sell -
Mergr

Product

Company

Legal