Add-on Acquisition • Metals/Mining

PPRM Acquires Pomini Long Rolling Mills

On June 12, 2023, PPRM acquired metals/mining company Pomini Long Rolling Mills from Callista Private Equity

Acquisition Context
  • This is PPRM’s 1st transaction in the Metals/Mining sector.
  • This is PPRM’s 1st transaction in Italy.

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M&A Deal Summary

Date June 12, 2023
Target Pomini Long Rolling Mills
Sector Metals/Mining
Buyer(s) PPRM
Sellers(s) Callista Private Equity
Deal Type Add-on Acquisition

Target Company

Pomini Long Rolling Mills

Legnano, Italy
Pomini Long Rolling Mills is engaged in long rolling mills in the steel industry and offers complete solutions for production lines, technological advancement of existing plants, and related services. Pomini Long Rolling Mills is based in Legnano, Italy.
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Buyer Overview 1

Buyer

PPRM

Haryana, India

Category Company
Sector Machinery
DESCRIPTION

PPRM is a premier solution provider for complete Turnkey projects for long products , Hot Rolling Mill Equipments and Heavy Equipment Fabrication and Machining. PPRM is based in Haryana, India.


Deal Context for Buyer #
Overall 1 of 1
Sector: Metals/Mining 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Italy 1 of 1
Year: 2023 1 of 1

Seller Profile 1

DESCRIPTION

Callista Private Equity GmbH is a private equity firm focused on turnaround situations and carveouts. Callista targets opportunities with €10 to €200 million of revenue and does not have any sector preferences. The Firm's process is to is to acquire a controlling or a significant minority stake of loss-making entities and begin the process of repositioning. Callista Private Equity GmbH is headquartered in Munich, Germany.


Deal Context for Seller #
Overall 9 of 9
Sector: Metals/Mining 4 of 4
Type: Add-on Acquisition 3 of 3
Country: Italy 1 of 1
Year: 2023 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-24 CCM

Chemnitz, Germany

CCM is a manufacturer of engine and compressor parts as well as the assembly of air compressors. CCM's core competence of CCM lies in the in-house development department as well as the downstream series production of individual compressor parts (crankshafts, cylinders) and the assembly of compressors. CCM was founded in 1994 and is based in Chemnitz, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-07 Schäfer

Osnabrück, Germany

Schäfer develops and manufactures complex and precise models and gauges especially for the automotive and aviation industry. In addition, Schäfer operates its own brand "Manufaktur Mos", which specializes in unique items and small series in the luxury segment and thus responds to the trend of increasing individualization. Schäfer is based in Osnabrück, Germany.

Buy -