Exit: Lindsay Goldberg sells VDM Metals Group to Acerinox
Hamburg/ Berlin — Flick Gocke Schaumburg advised private equity investor Lindsay Goldberg on the sale of VDM Metals Holding GmbH to Acerinox, S.A.. The closing of the transaction is still subject to the usual approval by the antitrust authorities.
With more than 1,900 employees, VDM Metals produces nickel and nickel alloys, cobalt, zirconium and special stainless steel, as well as semi-finished aluminum and copper products. In fiscal 2018/2019 the company achieved a sales volume of €1.1 billion and sold 43,000 tons of semi-finished products and metals. The Werdohl-based company was part of Thyssenkrupp’s stainless steel division until it was sold to Lindsay Goldberg in 2015.
Acerinox, S.A., a listed company, is one of the world’s leading steel companies. In 2018, Acerinox, S.A., with its approximately 6,700 employees, produced a production volume of more than 2.4 million tons of steel and generated EBITDA of 480 million euros on sales of more than 5 billion euros.
Lindsay Goldberg is a U.S. private equity fund with approximately $13 billion in fund size focused on partnering with family offices, founders and management teams looking to actively grow their businesses. Lindsay Goldberg is represented in Europe by Lindsay Goldberg Vogel GmbH, Düsseldorf.
Advisor Lindsay Goldberg: Flick Gocke Schaumburg (Hamburg)
Dr. Fred Wendt, Christian Zimmermann (both lead), Dr. Yorck Frese (all Corporate/ M&A); Dr. Christian Pitzal (Tax Law); Dr. Tobias Nießen, Dr. Andreas Wirtz (both Labor Law, Bonn); Dr. Michael Wiesbrock, Dr. Philipp Schweitzer (both Real Estate, Frankfurt)
About Flick Gocke Schaumburg
Flick Gocke Schaumburg has more than 320 professionals in Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and Zurich, advising corporate groups and family businesses, private clients, NPOs and the public sector on tax law, corporate and commercial law, auditing and business valuation.