Goodwin’s Paris Private Equity team advised Astorg Partners and the other shareholders of the Kerneos group, on the sale of Kerneos to Imerys, the world leader in mineral-based specialties for industry, for an enterprise value of €880 million. This matter included highly complex antitrust issues mainly in the U.S., EU, Russia and South Africa.
Kerneos is the world-leading manufacturer and supplier of calcium-aluminate based products. The company has 1,500 employees and operates nine production facilities in five countries: France, the United Kingdom, the United States, China and South Africa, as well as two red bauxite mining operations in Greece.
Astorg Partners is a European private equity firm with total funds under management of over €4 billion. Astorg seeks to partner with entrepreneurial management teams to acquire European companies and create value through the provision of strategic guidance, experienced governance and adequate capital.
For additional details on the transaction, please read the press release.