OpenGate Capital has acquired Extol from MCH Private Equity and combined it with Aluminum France Extrusion
Extol
Owned by the Spanish private equity fund, MCH Private Equity, and Fernando Busto, Founder and Chief Executive Officer, Extol is a reputed one-stop-shop aluminum extruder with leading positions in France and Spain. The company operates two facilities in Toledo, Spain and Nantes, France with six extrusion lines in total for an extrusion capacity of approximately 62,000 tons / year. Extol’s in-house capabilities enable it to provide finishing treatments such as powder coating, anodizing cutting and machining and thermal break.
The Deal
In 2012, OpenGate Capital acquired Aluminium France Extrusion (AFE), an aluminum extruder serving the construction, transportation and industrial sectors with facilities in Saint Florentin and Ham, France.
OpenGate Capital will combine Extol and AFE to form Aluminium Solutions Group. The business will leverage commercial and operational synergies, increase capacity to capture market growth and gain a stronger position in its respective markets to become a new European leader in aluminum extrusion capabilities.
Our Perspective
Arnaud Dudognon, Managing Director in Lincoln’s Paris office, commented, “With this transaction, OpenGate Capital takes an active role in the ongoing consolidation of the aluminum extrusion industry, with a clear understanding of environmental stakes for extruders in the future. It further evidences Lincoln International’s ability to advise financial sponsors as one team across geographies and practices.”
The Lincoln team was instrumental in the success of this complex, cross-border transaction, leveraging on its agility and unique international setup to provide impactful mergers and acquisitions (M&A) and financing advisory throughout the process.
Meet our Senior Team
I take an active role in every stage of the transaction process in order to achieve the goals of my clients.
Iván Marina
Managing Director | CEO Spain
Madrid
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