DTCF Advises on the disposal of ESM Group Inc.
Cross-Border Transaction Highlights DTCF’s Global Investment Banking Network
Deloitte & Touche Corporate Finance LLC (“DTCF”) assisted Deloitte & Touche LLP in the United Kingdom (“DTUK”)* in their provision of lead advisory services to Degussa AG on the sale of its subsidiary, ESM Group Inc. (“ESM”) to Platinum Equity Capital Partners LP.
As part of Degussa’s strategy to focus on specialty chemicals, the sale of ESM concludes the disposal of Degussa’s entire metallurgical operations, which were acquired as part of the SKW Trosberg AG acquisition in 2000.
The sale mandate was secured based on the DTUK’s strong relationship with Degussa, knowledge of the sector and access to a global network of DTT member firms which provided Degussa a critical advantage in originating and executing this cross-border transaction. This transaction represents the sixth divestiture mandate on which DTUK has successfully acted as lead adviser to Degussa.
About ESM Group Inc.
Based in Amherst, New York, ESM is the market leader in the supply of desulphurization products, services and equipment to the US steel industry’ and serves as the primary supplier of specialty magnesium to the largest flare provider to the U.S. Defense Department. In 2004 the business generated revenues in excess of $150 million.
* Deloitte & Touche LLP, United Kingdom is the member firm of Deloitte Touche Tohmatsu in the United Kingdom.
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