M&A Deal Summary

Syntagma Capital Acquires Erasteel

On February 22, 2023, private equity firm Syntagma Capital acquired metals/mining company Erasteel from Eramet

Acquisition Highlights
  • This is Syntagma Capital’s 1st transaction in the Metals/Mining sector.
  • This is Syntagma Capital’s 2nd transaction in France.

M&A Deal Summary
Date 2023-02-22
Target Erasteel
Sector Metals/Mining
Buyer(s) Syntagma Capital
Sellers(s) Eramet
Deal Type Divestiture

Target

Erasteel

Paris, France
Erasteel offers a wide range of steel grades and alloys produced either by powder metallurgy or conventional metallurgy. Erasteel is based in Paris, France.

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Buyer(S) 1

Buyer

Syntagma Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Syntagma Capital is a hands-on, operationally focused private equity firm focused on control investments throughout Europe. The Firm will consider a variety of transaction situations with a preference for corporate divestitures and family-owned companies. Sectors of interest include chemicals, materials, industrials, manufacturing, and business services. Syntagma Capital was established in 2009 and is based in Brussels, Belgium.

DEAL STATS #
Overall 2 of 4
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 2 of 4
Country (France) 2 of 3
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-06 Aginode

Paris, France

Aginode designs, manufactures, and distributes smart connectivity solutions based on optical fiber and copper technologies to data centers, smart buildings, and telecom operators. Aginode headquartered in Paris, France and has 8 sites located in France, Belgium, Germany, Greece, Morocco, and China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-21 Lennox - European Commercial HVAC and Refrigeration Businesses

Lyon, France

Lennox's European Commercial HVAC and Refrigeration Businesses manufactures and sells unitary HVAC products and applied systems. Lennox's European Commercial HVAC and Refrigeration Businesses is based in Lyon, France.

Buy -

Seller(S) 1

SELLER

Eramet

Paris, France
Category Company
Founded 1880
Sector Metals/Mining
Employees13,000
Revenue 3.3B EUR (2023)
DESCRIPTION

Eramet is a mining and metallurgical group operating internationally. Eramet specializes in extracting, producing, and selling non-ferrous metals and in producing and transforming alloys. Eramet was founded in 1880 and is based in Paris, France.

DEAL STATS #
Overall 4 of 5
Sector (Metals/Mining) 4 of 5
Type (Divestiture) 4 of 5
Country (France) 3 of 3
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-22 Aubert & Duval

Paris, France

Aubert & Duval designs and develops advanced metallurgical solutions in the form of long products and parts for the most demanding sectors: aerospace, defense, energy, motorsports, and medical industries. Its core activity is developing, melting, and hot processing (open and closed-die forging and rolling, casting or powder metallurgy) special steels, superalloys, aluminum alloys, and titanium alloys which need to meet our clients’ stronger specifications. Aubert & Duval was formed in 1907 and is based in Paris.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-21 Eramet Titanium & Iron

Tyssedal, Norway

Eramet Titanium & Iron is an ilmenite transformation plant in Norway producing titanium slag used in the pigment industry. Eramet Titanium & Iron is based in Tyssedal, Norway.

Sell $245M
Mergr

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