Partners Group to Take $1.1B Controlling Stake in Dynacast
December 18, 2014
Partners Group has agreed to take a controlling stake in Dynacast International in a transaction that puts a $1.1 billion enterprise value on the company. Founded nearly 80 years ago, Dynacast manufactures metal components for the automotive, telecommunications, computing, consumer electronics and healthcare industries, employing proprietary precision die-casting and metal injection molding technologies. Kenner & Company, which was part of the consortium that acquired the company in 2011, will not sell its stake and instead join Partners as a minority shareholder. J.P. Morgan, Barclays, and Macquarie Capital have fully committed financing for the transaction, which is expected to close in February 2015.