M&A Deal Summary

PARTER Capital Group Acquires Alcoa - Avilés and La Coruña Aluminum Plants

On July 31, 2019, private equity firm PARTER Capital Group acquired metals/mining company Alcoa - Avilés and La Coruña Aluminum Plants from Alcoa

Acquisition Highlights
  • This is PARTER Capital Group’s 1st transaction in the Metals/Mining sector.
  • This is PARTER Capital Group’s 1st transaction in Spain.

M&A Deal Summary

Date 2019-07-31
Target Alcoa - Avilés and La Coruña Aluminum Plants
Sector Metals/Mining
Buyer(s) PARTER Capital Group
Sellers(s) Alcoa
Deal Type Divestiture

Target

Alcoa - Avilés and La Coruña Aluminum Plants

Spain
Alcoa's Avilés and La Coruña Aluminum Plants produces and sells bauxite, alumina, and aluminum products in Spain.

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Buyer(S) 1

DESCRIPTION

PARTER Capital Group is a private investment firm focused on complex and special situations including non-core carve outs and businesses facing or in need of restructuring. The Firm does not have any sector preferences, but has experience in the electric and electronics, automotive, construction, building components, consumer goods, trade, textiles, and clothing industries. PARTER prefers majority situations and will consider target companies with €20 to €300 million of revenue. In addition to its investing activity, PARTER also provides advisory services. PARTER Capital Group is headquartered in Schindellegi, Switzerland.


DEAL STATS #
Overall 2 of 2
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: Spain M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Advionics

Oostkamp, Belgium

Advionics is a designer, manufactures, and installs "High Tech Electronic Solutions" for the global aerospace industry. Advionics was founded in 1960 and is based in Oostkamp, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-21 Advionics

Oostkamp, Belgium

Advionics is a designer, manufactures, and installs "High Tech Electronic Solutions" for the global aerospace industry. Advionics was founded in 1960 and is based in Oostkamp, Belgium.

Sell -

Seller(S) 1

SELLER

Alcoa

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1886
Sector Metals/Mining
Employees13,900
Revenue 11.9B USD (2024)
DESCRIPTION

Alcoa is a lightweight metals engineering and manufacturing company. Alcoa’s multi-material products, which include aluminum, titanium, and nickel, are used worldwide in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications. Alcoa was founded in 1886 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 21 of 22
Sector: Metals/Mining M&A 6 of 7
Type: Divestiture M&A Deals 18 of 19
Country: Spain M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Arconic

Pittsburgh, Pennsylvania, United States

Arconic is a manufacturer of aluminum sheet and plate products for the aerospace, automotive, commercial transportation, brazing and industrial markets. Arconic was founded in 1888 and is based in Pittsburgh, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 Alcoa Warrick

Evansville, Indiana, United States

Alcoa Warrick LLC is an aluminum packaging facility that has shipped over 675 million pounds of aluminum, of which approximately 60% were high-margin coated packaging products in the last twelve months. The facility includes casting, significant hot and cold rolling capacity, and a range of finishing and coating lines, representing significant replacement value.

Sell $670M