Flick Gocke Schaumburg advises Lindsay Goldberg on sale of VDM Metals Group to Acerinox

Flick Gocke Schaumburg is advising private equity investor Lindsay Goldberg on the sale of VDM Metals Holdings GmbH to Acerinox, S.A. The closing of the transaction is still subject to the usual approval by the antitrust authorities.

With more than 1,900 employees, VDM Metals produces nickel and nickel alloys, cobalt, zirconium and special stainless steel, and semi-finished products made of aluminium and copper. In FY 2018/2019, the company achieved a sales volume of EUR 1.1 billion and sold 43,000 tonnes of semi-finished products and metals. The Werdohl-based company was part of the stainless-steel division of Thyssenkrupp until it was sold to Lindsay Goldberg in 2015.

Acerinox, S.A., a listed corporation, is one of the world's leading steel companies. It has approximately 6,700 employees and, in 2018, produced a volume of more than 2.4 million tonnes of steel and achieved an EBITDA of 480 million euros on revenues of more than five billion euros.

Lindsay Goldberg is an American private equity fund with a volume of about USD 13 billion, which focuses on partnerships with family offices, founders and management teams who want to actively expand their businesses. Lindsay Goldberg is represented in Europe by Lindsay Goldberg Vogel GmbH, Düsseldorf.

Advisors to Lindsay Goldberg:
Flick Gocke Schaumburg (Hamburg): Fred Wendt, Christian Zimmermann (both lead), Yorck Frese (all corporate/ M&A); Christian Pitzal (tax law); Tobias Nießen, Andreas Wirtz (both labor/employment law, Bonn); Michael Wiesbrock, Philipp Schweitzer (both real estate, Frankfurt)