Lindsay Goldberg €560 million acquisition of VDM Metals Group

Overview:

• Lindsay Goldberg Vogel acquired VDM Metals Group for €560 million from its parent company ThyssenKrupp.
• VDM was the high performance nickel alloy division of German multinational conglomerate ThyssenKrupp.
• The acquirer is the European arm of the US fund with which it shares its name.
• A €300 million syndicated working capital facility for VDM was agreed with Deutsche Bank in the course of the sale.  
• ThyssenKrupp accepted a €100 million write-down on the business in the fee. 
• ThyssenKrupp acquired VDM from Outokumpu in February 2014.

Ben Naylor - Regional Editor