Towerbrook acquires majority stake in Metallum

The deal is expected to be finalised next month. According to Towerbrook, the GP has been in talks with Metallum since the end of 2012 regarding a deal.

One of Metallum's subsidiaries, Metallo Chimique, was acquired in 2007 by Groupe Alpha for a price understood to sit at €300m. From this transaction, Alpha obtained a 70% stake and the Metallum Holdings newco was created, according to unquote" data.

In 2011, First Reserve Corporation made a bid to acquire an 80% stake in Metallum from Groupe Alpha - a deal that valued the company at €670m. However, the deal fell through before First Reserve could acquire the business.

Company
Founded in 2007, Metallum is based in Luxembourg and comprises two subsidiaries: Belgium-based Metallo Chimique and Switzerland-based Metallum Group. The two branches provide copper and tin secondary refining services and metal scrap recycling services respectively. The company employs approximately 1,000 staff and recorded revenues of €1.7bn in 2012.

People
Patrick Verschelde is the chairman of Metallum, while Leo Steenbergen is the company CFO. Patrick Smulders and Karim Saddi are both managing directors at Towerbrook.

Advisers
Vendor & company – Sycamore Corporate Finance, Olivier Barret, Pierre-Arnaud de Lacharrière, Tristan Dupont, Thomas d'Espois, Khouloud Cheriqi (Corporate finance).

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• Topics
• Benelux
• Buyouts
• Industrials
• Luxembourg
• Towerbrook Capital Partners
• Secondary buyout