Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

SYNTAGMA CAPITAL Completes the Acquisition of Erasteel,

the High-Speed Steels and Recycling Division of Eramet S.A. (Euronext Paris: ERA)

BRUSSELS–(BUSINESS WIRE)–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.

“Despite a very challenging M&A market, we continue to find attractive carve-out opportunities to put capital at work and provide divestiture solutions that deliver speed and certainty. We are excited by Erasteel’s potential and look forward to working with management on the global growth of the company” said Syntagma Managing Partner Sebastien Kiekert Le Moult.

“We are pleased to announce that Kerstin Konradsson is joining Erasteel as CEO. She brings very valuable experience in the metallurgy world after having been the President & CEO of Boliden Smelters as well as having held various management positions within Åkers and SSAB. We also welcome Beatrice Charon, former VP of Strategy at Constellium, to the advisory board of Erasteel. We intend to leverage our global experience in metals and Erasteel’s extensive R&D and technical know-how, global presence and strong customer relationships to further enhance its growth, both organically and through targeted M&A. We also intend to accelerate the development of the recycling division of Erasteel in France” said Syntagma Partner Frank Coenen.

Syntagma’s team involved in the transaction included Sebastien Kiekert Le Moult (Managing Partner), Frank Coenen (Partner), Benjamin Dahan (Partner), Fabio Yamasaki (Principal) and Gabriele Lo Monaco (Senior Associate).

Syntagma was advised by Willkie Farr Gallagher (Hugo Nocerino and Victor Cann (corporate), Faustine Viala, Charles Bodreau, Charles-Antoine Erignac and Jordan Pontal (Regulatory) ), Lincoln International (Géraud Estrangin, Côme de Las Cases), PwC Transaction (Eric Douheret, Clément Meudec, François-Xavier Bornet, Geoffrey Donio, Charles Simonnetto), PwC Legal and Tax (Anne-Valerie Attias-Assouline, Mathieu Norest, Morgane Croisier) and Advention Business Partners (Jean-Michel Schmitt, Iska Pivois).


About Syntagma Capital

Syntagma invests in companies that can benefit from hands-on operational expertise to accelerate growth and improve performance for all stakeholders. We are true operators with experience working in and managing companies on a global scale, leveraging our in-house resources to develop successful strategies, execute them to realize their full potential and create sustainable long-term value. Syntagma invests and operates companies in a broad range of industries with a specific focus on the material, chemical, industrial and business services markets and including manufacturing, distribution, transportation and logistics, equipment rental, metals services and other industries. Syntagma, as signatory of the UN PRI, is committed to high ESG standards across all its investments and is based in Brussels, Belgium. For more information, please visit: https://syntagmacapital.com

Contacts

Marie Ciparisse
Phone: +32 (0)2 315 70 12
Email mciparisse@syntagmacapital.com

#FOLLOW US ON INSTAGRAM