Paragon Partners acquires Castolin Eutectic

Munich/ Krif­tel — Para­gon Part­ners acqui­res Casto­lin Eutec­tic, a leading global provi­der of wear protec­tion and repair solu­ti­ons for indus­trial equip­ment, from Messer Group. Shear­man & Ster­ling advi­sed Para­gon Part­ners on the refi­nan­cing for the acqui­si­tion of Casto­lin Eutectic.

Casto­lin Eutec­tic, based in Krif­tel, Germany, offers the full range of consu­ma­bles, equip­ment and services in welding, brazing and coating tech­no­lo­gies. With six plants world­wide, Casto­lin Eutec­tic manu­fac­tures products that are used in main­ten­ance and repair work by its own service team and by more than 40,000 custo­mers in over 50 indus­tries, inclu­ding engi­nee­ring & tooling, oil & gas, steel, mining, cement, glass, power gene­ra­tion and agri­cul­ture. The more than 1,600 employees gene­rate annual sales of €300 million. With more than 100 years of expe­ri­ence in the main­ten­ance and repair busi­ness, the Casto­lin Eutec­tic brand is known for outstan­ding tech­ni­cal exper­tise and quality.

PARAGON PARTNERS, foun­ded in 2004, is a leading private equity firm in Europe with more than EUR 1.2 billion in equity under manage­ment. PARAGON PARTNERS works with its port­fo­lio compa­nies to achieve sustainable growth, opera­tio­nal excel­lence and market leader­ship. PARAGON PARTNERS unlocks new value in funda­men­tally attrac­tive busi­nesses and has the ability to address comple­xity on both the tran­sac­tional and opera­tio­nal sides, repo­si­tio­ning busi­nesses through custo­mi­zed value crea­tion programs. The company is based in Munich, Germany.

Advi­sors to para­gon Part­ners: Shear­man & Sterling
Lead: Part­ner Winfried M. Carli, Part­ner Michael J. Stein­berg (New York Finance) and Part­ner Pierre-Nico­las Ferrand (Paris Finance), Of Coun­sel Danforth Newcomb (New York Compli­ance) and Asso­cia­tes Andreas Breu, Marius Garnatz and Martina Buller (all Germany Finance) as well as Akofa Tsiagbe, Omer K. Hashmi, Jordan Franks (all New York Finance) and Yaelle Cohen (Paris Finance).

About Shear­man & Sterling
Shear­man & Ster­ling is an inter­na­tio­nal law firm with 24 offices in 13 count­ries and appro­xi­m­ately 850 lawy­ers. In Germany, Shear­man & Ster­ling is repre­sen­ted at the Frank­furt office. The firm is one of the inter­na­tio­nal market leaders in advi­sing on complex cross-border tran­sac­tions. World­wide, Shear­man & Ster­ling prima­rily advi­ses inter­na­tio­nal corpo­ra­ti­ons and large natio­nal compa­nies, finan­cial insti­tu­ti­ons, and large mid-sized compa­nies. For more infor­ma­tion, visit www.shearman.com.