KUALA LUMPUR, July 5 (Bernama) -- Syntagma Capital announced it has completed its acquisition of Erasteel, the high-speed steels and recycling division of Eramet.
According to a statement, Erasteel, a global leader in the conventional and powder metallurgy of high-speed steels, will continue to operate under the Erasteel brand.
“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.
Meanwhile, Syntagma Partner Frank Coenen said: “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.”
Syntagma’s team involved in the transaction included Le Moult, Coenen, Benjamin Dahan (Partner), Fabio Yamasaki (Principal) and Gabriele Lo Monaco (Senior Associate).
Erasteel has unique metal recycling capabilities in Europe, offering sustainable solutions for the recovery of batteries, catalysts and metals.
Based in Brussels, Belgium, 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, and metals services.
-- BERNAMA
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