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Announced

Completed

Acerinox completed the acquisition of VDM Group from Lindsay Goldberg for $586m.

Financials

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Transaction Value£458m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales0.5x
EV/EBITDA5.5x
Share Price Premium-
One Off Charge-

Tags

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Completed

Acquisition

Majority

Single Bidder

Private

Nonferrous Metals

nickel

Germany

stainless steel

Friendly

Private Equity

Synopsis

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Acerinox, a producer of stainless steel, completed the acquisition of VDM Group, a construction engineering company from private equity firm Lindsay Goldberg for $586m. "We are pleased with the outcome of this transaction for our investors, our partners and the dedicated management team and employees of VDM. Our investment in VDM is demonstrative of the value Lindsay Goldberg creates for our portfolio companies through deep industry expertise and our global network of highly skilled affiliate partners. We are confident that VDM is well-positioned to execute on its growth objectives under the ownership of Acerinox,” Michael Dees, Lindsay Goldberg Partner.

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