Radar > 223809

US-based fund could acquire Ros Casares

Un fondo americano podría adquirir Ros Casares

Intel ID : 223809
Synopsis

Spanish metallurgy company Ros Casares may have received an offer from a US-based investment fund. This offer would include the acquisition of the steel company and its car and construction factories. The fund's name and the offer value have not been disclosed yet.

Thyssenkrupp is also be interested in this acquisition, although the offer only includes the two factories owned by Thyssen Ros Casares (see related radar). The US-based fund also included in its offer the acquisition of factory Esquivias (Toledo), so they would bid for the three production centers.

The fund's proposal for the production units would involve facilities and employees; they would retain the staff, aiming to continue generating business while consolidating debt.
(content in spanish)

La firma siderúrgica española Ros Casares podría haber recibido una oferta por parte de un fondo de inversión americano. Esta oferta consistiría en la adquisicion por parte del fondo de la siderúrgica, incluyendo las fábricas de automoción y de construcción. Tanto el nombre de dicho fondo como la oferta que ha presentado por la siderúrgica no se han hecho públicos por el momento.

Detrás de la firma española se encuentra también Thyssenkrupp, aunque éste sólo presentó una oferta por dos fábricas propiedad de Thyssen Ros Casares (ver radar relacionado). El fondo americano, además de ambas mercantiles, ha incorporado a su oferta la fábrica de Esquivias (Toledo), lo cuál pujaría por los tres centros productivos.

El fondo propone la adquisición de las unidades productivas, que implicaría a las instalaciones y a los empleados, por tanto, mantendría las plantillas, con el fin de seguir generando negocio al mismo tiempo que sanear sus deudas.

Target

Seller


Intel ID 223809
Value ND
Native Currency Euro (EUR)
Financial Data - Ros Casares
(31 Dec 2013)
Revenue: EUR 148,30m
Net Debt: EUR 685,15m
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

Name
verified
Subsector (Old TTR Sectors)
Industry / Steel, Metallurgy and Industrial Production (Primary)
Primary Sector (TTRSC)
20.02.01 Coal & Lignite Production
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

Secondary Sectors (TTRSC)
55.05.04 Iron & Steel Mining & Refining
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Country
Website
Description

Seller

Name
verified
Subsector (Old TTR Sectors)
Industry / Steel, Metallurgy and Industrial Production (Primary)
Primary Sector (TTRSC)
20.02.01 Coal & Lignite Production
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

Secondary Sectors (TTRSC)
55.05.04 Iron & Steel Mining & Refining
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.