Partners Group has completed its acquisition of a controlling stake in Dynacast. This transaction was first announced in December 2014. The seller of Dynacast includes a consortium of investors that purchased the company in 2011. The consortium includes Izurium Capital Management, W Capital Partners, Laurel Crown Partners, Kenner & Company, Babson Capital Management, Macquarie Capital and members of the management team.
Partners Group is joined in the acquisition of Dynacast by Kenner & Company, an existing shareholder, and the company’s management team, which will both roll over significant equity stakes into the new transaction.
Dynacast is a manufacturer of engineered metal components using die-casting and metal injection molding technologies to produce components with complex shapes and tight tolerances. The company’s products are used in the automotive, telecommunications, computing, consumer electronics, and healthcare industries. Dynacast is headquartered in Charlotte and has 23 manufacturing plants in 16 countries worldwide (www.dynacast.com).
Partners Group is a global private markets investment management firm with over $40 billion of assets under management in private equity, private real estate, private infrastructure and private debt. The firm is headquartered in Zug, Switzerland, and has over 700 employees across 18 offices around the globe (www.partnersgroup.com).
Kenner & Company invests in middle-market industrial and manufacturing businesses. The firm was founded in 1986 and is headquartered in New York (no website found).
The transaction was financed by JPMorgan Chase Bank, Barclays and Macquarie Capital. Morgan Stanley and Co. served as exclusive financial advisor to Dynacast.
© 2015 PEPD • Private Equity’s Leading News Magazine • 2-3-15