OpenGate Capital has acquired Umicore Zinc Chemicals
OpenGate Capital, a global private equity firm, has acquired Umicore Zinc Chemicals, a global leader in the production of specialty zinc chemicals, from parent company Umicore. As part of the transition process, OpenGate Capital has renamed the business to EverZinc. The acquisition financing was arranged via a unitranche by Deutsche Bank as sole lead arranger and underwriter.
Lincoln International (“Lincoln”) acted as exclusive debt advisor to OpenGate Capital and supported OpenGate Capital in all aspects of the acquisition financing. In particular the identification and structuring of a suitable financing debt package reflecting EverZinc’s international footprint and business model has been a key element of the transaction.
“Lincoln executed a well-structured, competitive and professional financing process involving a diverse group of potential lenders and provided an excellent execution throughout a complex transaction,” said Fabien Marcantetti, Principal in OpenGate Capital’s Paris office. “Lincoln’s financing knowledge, guidance and thoughtful advice were invaluable in securing a successful transaction.”
About EverZinc
With industrial operations in Belgium, the Netherlands, Norway, China and Malaysia, EverZinc specializes in three product lines: fine zinc powders, zinc oxide and zinc for batteries. EverZinc products are sold to customers around the world for use in a variety of applications, including anti-corrosion paints, tires, pharmaceutical chemicals, ceramics and glass, and sunscreens. Zinc is one of the most versatile and important compounds used throughout the world in everyday applications. Headquartered in Angleur, Belgium, EverZinc generates over Euro 400 million in annual revenue and has more than 500 employees globally.
About OpenGate Capital
OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses seeking revitalization through growth and operational improvements. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California, and has a European office in Paris, France. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate and build successful businesses. To date, OpenGate Capital, through its legacy and fund investments, has executed more than 30 acquisitions ranging from corporate divestitures to turnaround acquisitions, industry consolidations and other special-situation investments.
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