Announced
Completed
Financials
Sources
Tags
steel mills
United Kingdom
aerospace
Cross Border
Majority
Private
Disposal
Acquisition
Private Equity
Single Bidder
Iron and Steel
oil and gas
Friendly
Completed
Synopsis
Cogne Acciai Speciali, a manufacturer of stainless steels and nickel alloys long products, completed the acquisition of Special Melted Products, a manufacturer of premium specialty steels and nickel-based super alloys, from Mutares, a private equity firm, for €180m. “I could not be happier today to announce the exit of SMP. With our entrepreneurial approach, we were able to transform SMP successfully in a very short period of time and now hand over the company to the best new owner, who will further give SMP new growth impetus after returning it to a sustainable growth path. The final sale will mark the most successful exit in our history. We are delivering as promised,” Johannes Laumann, CIO of Mutares.
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