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

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.