12.18.14
Partners Group has acquired acquire controlling interest in Dynacast International on behalf of its clients. Deal value was 1.1 billion and is expected to close in February.
Founded nearly 80 years ago, Dynacast International is a global manufacturer of small, highly complex metal components. The company uses proprietary precision die-casting and metal injection molding technologies to produce customized, high-volume components with complex shapes and tight tolerances. Dynacast is headquartered in Charlotte, N.C., and has 23 manufacturing plants in 16 countries worldwide that serve a diverse client base in the automotive, telecommunications, computing, consumer electronics, and healthcare industries.
Dynacast was acquired in 2011 by a consortium of investors including Izurium Capital Management, W Capital Partners, Laurel Crown Partners, Kenner & Company, Babson Capital Management, Macquarie Capital and certain members of management. Since then, Dynacast has experienced considerable growth and has expanded its footprint and penetrated new markets with a broader range of product offerings, while strengthening its product portfolio with its recent acquisition of Kinetics Climax Inc.
Partners Group is acquiring Dynacast from exiting financial investors and is joined in the acquisition by Kenner & Company, an existing shareholder, and the company's management team, both of which will roll over equity stakes into the new transaction. Partners Group is a global private markets investment management firm with more than $40 billion in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland.
"Dynacast has a long and rich history of continuously refining our proprietary manufacturing technologies, in-house tooling expertise and innovative design processes to manufacture highly complex metal components in a fast, repeatable and precise manner to provide greater value to our customers,” said Simon Newman, CEO of Dynacast. "With the investment led by Partners Group, we have the strategic support and capital backing to enter into the next phase of growth for our company."
Joel Schwartz, Managing Director at Partners Group in New York, N.Y., added: "We are really looking forward to working with Simon and the rest of Dynacast's management team in this next stage of the company's development. Dynacast already has a truly differentiated position as a global supplier in the precision metal components marketplace and we see exciting potential for further expansion. We believe our global platform and deep network of industry relationships make us the ideal partner to back management's vision for the business going forward, particularly through our assistance with acquisitions and with the deepening of the company's integrated, worldwide approach."
Founded nearly 80 years ago, Dynacast International is a global manufacturer of small, highly complex metal components. The company uses proprietary precision die-casting and metal injection molding technologies to produce customized, high-volume components with complex shapes and tight tolerances. Dynacast is headquartered in Charlotte, N.C., and has 23 manufacturing plants in 16 countries worldwide that serve a diverse client base in the automotive, telecommunications, computing, consumer electronics, and healthcare industries.
Dynacast was acquired in 2011 by a consortium of investors including Izurium Capital Management, W Capital Partners, Laurel Crown Partners, Kenner & Company, Babson Capital Management, Macquarie Capital and certain members of management. Since then, Dynacast has experienced considerable growth and has expanded its footprint and penetrated new markets with a broader range of product offerings, while strengthening its product portfolio with its recent acquisition of Kinetics Climax Inc.
Partners Group is acquiring Dynacast from exiting financial investors and is joined in the acquisition by Kenner & Company, an existing shareholder, and the company's management team, both of which will roll over equity stakes into the new transaction. Partners Group is a global private markets investment management firm with more than $40 billion in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland.
"Dynacast has a long and rich history of continuously refining our proprietary manufacturing technologies, in-house tooling expertise and innovative design processes to manufacture highly complex metal components in a fast, repeatable and precise manner to provide greater value to our customers,” said Simon Newman, CEO of Dynacast. "With the investment led by Partners Group, we have the strategic support and capital backing to enter into the next phase of growth for our company."
Joel Schwartz, Managing Director at Partners Group in New York, N.Y., added: "We are really looking forward to working with Simon and the rest of Dynacast's management team in this next stage of the company's development. Dynacast already has a truly differentiated position as a global supplier in the precision metal components marketplace and we see exciting potential for further expansion. We believe our global platform and deep network of industry relationships make us the ideal partner to back management's vision for the business going forward, particularly through our assistance with acquisitions and with the deepening of the company's integrated, worldwide approach."