Milan\/ Munich\/ Osna\u00adbr\u00fcck \u2014 KME Group has comple\u00adted the repurchase of Cunova with Morgan Lewis of Para\u00adgon. Morgan Lewis has advi\u00adsed KME Group S.p.A. on a \u20ac300 million finan\u00adcing and restruc\u00adtu\u00adring for the repurchase of Cunova GmbH from Para\u00adgon Part\u00adners. The finan\u00adcing was provi\u00added by an affi\u00adliate of Apollo Global Manage\u00adment, Inc. <\/p>\n
Since Janu\u00adary 31, 2022, Cunova has opera\u00adted under a new share\u00adhol\u00adder struc\u00adture in which the invest\u00adment company The Para\u00adgon Fund<\/strong> III held 55% of the shares, while the KME Group remained a share\u00adhol\u00adder with a 45% stake in the newly foun\u00added company.<\/p>\n The tran\u00adsac\u00adtion compri\u00adses a combi\u00adned equity and debt finan\u00adcing and is part of a compre\u00adhen\u00adsive, multi-stage restruc\u00adtu\u00adring of KME\u2019s indus\u00adtrial busi\u00adness. The finan\u00adcing consists of a five-year \u20ac150 million term loan and \u20ac150 million worth of prefer\u00adred stock and the issu\u00adance of warrants to funds mana\u00adged by Apollo. The tran\u00adsac\u00adtion supports KME\u2019s acqui\u00adsi\u00adtion of the remai\u00adning shares in Cunova, the inte\u00adgra\u00adtion of certain aero\u00adspace and foundry assets into the company and the refi\u00adnan\u00adcing of exis\u00adting loans of appro\u00adxi\u00adm\u00adately \u20ac170 million. <\/p>\n The tran\u00adsac\u00adtion, first announ\u00adced on Decem\u00adber 23, 2025, crea\u00adtes an inte\u00adgra\u00adted indus\u00adtrial plat\u00adform for copper-based specialty products and streng\u00adthens the Group\u2019s capi\u00adtal struc\u00adture and future growth opportunities.<\/p>\n KME<\/strong> is a global manu\u00adfac\u00adtu\u00adrer of copper and copper alloy products for custo\u00admers in a wide range of indus\u00adtries. \u2014 www.kme.com <\/p>\n Cunova<\/strong> GmbH, head\u00adquar\u00adte\u00adred in Osna\u00adbr\u00fcck, Germany, is a global indus\u00adtrial supplier of specia\u00adli\u00adzed copper and copper alloy products, parti\u00adcu\u00adlarly for conti\u00adnuous casting, mari\u00adtime appli\u00adca\u00adti\u00adons and indus\u00adtrial high-tech applications.<\/p>\n Advi\u00adsor KME Group: Morgan Lewis (Munich) About Morgan Lewis Milan\/ Munich\/ Osna\u00adbr\u00fcck \u2014 KME Group has comple\u00adted the repurchase of Cunova with Morgan Lewis of Para\u00adgon. Morgan Lewis has advi\u00adsed KME Group S.p.A. on a \u20ac300 million finan\u00adcing and restruc\u00adtu\u00adring for the repurchase of Cunova GmbH from Para\u00adgon Part\u00adners. The finan\u00adcing was provi\u00added by an affi\u00adliate of Apollo Global Manage\u00adment, Inc. Since Janu\u00adary 31, 2022, [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":60101,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[1366],"tags":[],"class_list":["post-60103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"\n
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\nDr. Florian Harder (<\/strong>Lead), Dr. Chlo\u00e9 Lignier (both Corporate\/M&A), Dr. Jann Jetter (Tax), Dr. Michael Masling (Frank\u00adfurt, Anti\u00adtrust), Steven Miller (Orange County, Finance), Ulises R. Pin (Washing\u00adton, TMT), Matthew Riehle (Pitts\u00adburgh, Finance), Chris\u00adtian Contardo (Of Coun\u00adsel, Washing\u00adton, Inter\u00adna\u00adtio\u00adnal Trade); Asso\u00adcia\u00adtes: Sven Opper\u00admann, Hein\u00adrich Stirtz, Joice Zhang (all Corporate\/M&A), Emma Drago\u00admi\u00adrova (Tax), Jasmeen Bahous (Brussels, Anti\u00adtrust), Leetal Weiss (Los Ange\u00adles, TMT), Paulina Gerling (Tran\u00adsac\u00adtion Lawyer).<\/p>\n
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\n Morgan Lewis stands for outstan\u00adding service, legal inno\u00adva\u00adtion and excep\u00adtio\u00adnal commit\u00adment to its clients. With more than 2,200 lawy\u00aders, the firm provi\u00addes highly quali\u00adfied legal advice to multi\u00adna\u00adtio\u00adnal corpo\u00adra\u00adti\u00adons and start-ups in the United States, Europe, Asia and the Middle East. \u2014 www.morganlewis.com<\/p>\n","protected":false},"excerpt":{"rendered":"