SYNTAGMA CAPITAL Enters Into Exclusive Negotiations to Acquire Lennox’ European Commercial HVAC and Refrigeration Divisions
Syntagma Capital today announces that it has entered into exclusive negotiations with Lennox International (
NYSELII) to acquire its European Commercial HVAC and Refrigeration businesses. The HVAC division designs and manufactures commercial heating, air conditioning and air handling equipment. The Commercial Refrigeration division designs and manufactures commercial evaporators, condensing units, condensers, and dry coolers. The Businesses serve customers in the industrial, retail, logistics, residential, office and HORECA sectors in over 40 countries. The Businesses are headquartered in Lyon, France and employ ca. 940 people across 4 sites and their commercial organization. In 2023, Lennox EMEA is expected to generate ca. €200m in revenues.
SYNTAGMA CAPITAL Completes the Acquisition of Erasteel, the High-Speed Steels and Recycling Division of Eramet S.A. (Euronext Paris: ERA)
Syntagma Capital today announces that it has completed its acquisition of Erasteel (https://www.erasteel.com).
The company, which will continue to operate under the Erasteel brand, is a global leader in the conventional and powder metallurgy of high-speed steels used for high performance machining, drilling and cutting tools. In addition, Erasteel has unique metal recycling capabilities in Europe, offering sustainable solutions for the recovery of batteries, catalysts and metals. In 2022, the business generated ca. €275m in revenues serving primarily the aerospace, automotive and industrial sectors across its 6 industrial sites in France, Sweden and China. The business employs ca. 860 employees worldwide.
SYNTAGMA CAPITAL enters into exclusive negotiations, to acquire Erasteel, the high-speed steels and recycling division of Eramet S.A. (Euronext Paris: ERA)
Syntagma Capital today announces that it has entered into exclusive negotiations with Eramet, to acquire Erasteel (https://www.erasteel.com). The business is a global leader in the conventional and powder metallurgy of high-speed steels used for high performance machining, drilling and cutting tools. In addition, Erasteel has unique metal recycling capabilities in Europe, offering sustainable solutions for the recovery of batteries, catalysts and metals. The business employs ca. 850 employees across its six sites in France, Sweden, and China. In 2022, Erasteel generated ca. €275m in revenues serving primarily the aerospace, automotive and industrial sectors.
SYNTAGMA CAPITAL enters into exclusive negotiations to acquire Nexans’ LAN/data center (“LAN/DC”) and Telecom /Fibre (“FTTx”) division.
Syntagma Capital today announces that it has entered into exclusive negotiations with Nexans SA to acquire its LAN/data center (“LAN/DC”) and Telecom /Fibre (“FTTx”) division. The business designs, manufactures, and distributes smart connectivity solutions based on optical fibre and copper technologies to data centers, smart buildings, and telecom operators. The business is headquartered in Paris, France and employs ca. 680 people across its 8 sites located in France, Belgium, Germany, Greece, Morocco and China, and it generated ca. €200m in revenues across 100+ countries.
Syntagma Capital Enters Into Exclusive Negotiations to Carve out a Significant Part of Imerys’ Business Serving the Paper Markets for an Enterprise Value of €390m
Syntagma Capital today announces that it has entered into exclusive negotiations to acquire certain assets of Imerys producing kaolin, ground calcium carbonate (“GCC”), precipitated calcium carbonate (“PCC”) and talc primarily serving the paper, as well as pulp, board, packaging, ceramics and building markets for an enterprise value of €390m including an earn-out based on the future performance of the business. These activities are operated by approximately 950 employees in 24 plants, 7 distribution terminals, and 2 R&D centers in Europe, the Americas and Asia. In total, these activities represented approximately €400m in sales in 2021.
