Paragon acquires KME's Specials business

Paragon will own a 55% stake in the new entity, while KME will own 45%.

The deal will generate proceeds of €260-280m for KME. This includes a €32m loan to be repaid by the newly established entity.

Paragon held a final close for Paragon III in June 2019 on €780m. The fund writes equity tickets of €30-150m, targeting businesses with EBITDA of €10-30m and enterprise values of €30-250m.

Prior to KME's Specials business, the fund's latest platform investment was e-commerce software platform Sovendus, which the GP acquired from Bregal Unternehmerkapital.

Company
KME's Specials business produces copper moulds for use in the steel industry, as well as products with high corrosion resistance for the naval and petrochemicals industries. The company posted 2020 revenues of €260m and EBITDA of €60m.

People
Paragon Partners – Marco Attolini, Edin Hadzic, Krischan von Moeller (partners).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• DACH
• Industrials
• Germany
• Carve-out
• Paragon Partners GmbH