Aurora Capital acquires Alltub
US-based investor Aurora Capital Group has acquired Alltub, a French producer of collapsible aluminum tubing, from Naxicap in a transaction reportedly worth €55m.
The buyer invested via the Aurora Resurgence vehicle. It was mainly attracted by Alltub's existing production capabilities as well as the quality of its relationships with an array of international clients. Aurora intends to grow the company both organically and via strategic acquisitions.
Debt
Information on leverage for this transaction remains confidential.
Previous funding
Naxicap acquired Alltub from 21 Centrale Partners in 2007, alongside the company's management.
Company
Established in the 1960s, Alltub manufactures collapsible aluminium tubing for a variety of customers in the cosmetics, pharmaceuticals and food industries. The group employs around 1,200 people and generates revenues of €120m.
People
Gerard Parsky and Anthony DiSimone represented Aurora Capital Group on the transaction. Thierry Bitout is CEO of Alltub.
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