M&A Deal Summary

UMSI Acquires ALTEO Alumina

On January 8, 2021, UMSI acquired metals/mining company ALTEO Alumina from H.I.G. Private Equity

Acquisition Highlights
  • This is UMSI’s 1st transaction in the Metals/Mining sector.
  • This is UMSI’s 1st transaction in France.

M&A Deal Summary

Date 2021-01-08
Target ALTEO Alumina
Sector Metals/Mining
Buyer(s) UMSI
Sellers(s) H.I.G. Private Equity
Deal Type Add-on Acquisition

Target

ALTEO Alumina

Gardanne, France
ALTEO Alumina is a global integrated producer and supplier of specialty non-metallurgical grade alumina. ALTEO Alumina was founded in 1894 and is based in Gardanne, France.

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Buyer(S) 1

Buyer

UMSI

Conakry, Guinea

Category Company
Sector Metals/Mining
DESCRIPTION

UMSI is an integrated logistics solutions provider in the road and air transport sectors and with a major focus on fuel importation and distribution and the transportation of ore. UMSI is based in Conakry, Guinea.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.


DEAL STATS #
Overall 125 of 181
Sector: Metals/Mining M&A 3 of 3
Type: Add-on Acquisition M&A Deals 55 of 72
Country: France M&A 7 of 8
Year: 2021 M&A 2 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 Makios Logistics

Kalochori, Greece

Makios Logistics is a provider of integrated logistics services and temperature-controlled warehousing. Makios Logistics was founded in 1927 and is based in Kalochori, Greece.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-21 Continental Battery Systems

Dallas, Texas, United States

Continental Battery Systems is a distributor of aftermarket batteries to the electric utility vehicle (EUV), automotive, commercial, marine, and industrial markets. Continental Batteries operates more than 100 branches throughout North America. Continental Battery Systems was founded in 1932 and based in Dallas, Texas.

Buy -