Independent Advice. Superior Execution.

Cobaltum Partners Advises Aceros Arequipa on the Acquisition of Port Manatee Scrap Metal

Overview of Transaction: July 13, 2021 – Corporación Aceros Arequipa S.A. (“CAASA”), the largest steel producer in Peru, has acquired Port Manatee Scrap Metal, Inc (“PM”) and St. Pete Scrap Metal, LLC (“SP”).  CAASA expects to supply itself with 100,000 tons of ferrous scrap metal per year from the Florida operationsThe acquisition significantly expands CAASA’s international scrap metal sourcing capacity, vertically integrating a strategic source of supply for its new 1.25 million TM/year production facility in Pisco, Peru    PM operates a ferrous scrap metal recycling facility located in Manatee County, Florida.  The company sources, collects, transports, processes, and markets scrap metal collected from industrial clients and scrap metal dealers.  The acquisition includes St. Pete Scrap Metal, a collections site that purchases ferrous and non-ferrous metals from peddlers and metal dealers, strategically located in St. Petersburg, Florida Founded in 1964,...Read More

Cobaltum Advises Astrix on sale to Unilever

Transaction Overview: On August 30, 2019, Unilever (NYSE: UL / Market Cap: ~US$168 billion), announced the acquisition of Astrix S.A. (“Astrix”), a leading manufacturer and marketer of home care and personal care products in Bolivia Founded in 1993, Astrix is a market leader in the Bolivian home and personal products market, with brands such as OLA, an iconic brand present in most Bolivian households. Astrix is the market leader in several product segments such as dishwashing, fabric conditioner, hard surface cleaner, and toilet care, among others. Most recently, the company expanded into personal care and baby care Unilever, together with its subsidiaries, operates in the fast-moving consumer goods industry worldwide. It operates through three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. Unilever is one of the oldest multinational companies; its products are available in over...Read More

Cobaltum Advises Putney Capital in its acquisition of a 50% stake in Colombian steel mill, Diaco S.A., from Gerdau

Transaction Overview: On June 30, 2017, Putney Capital Management, Ltd. (“Putney”) announced the acquisition of a 50% stake in Diaco S.A. (“Diaco”) from Gerdau S.A. (“Gerdau”), which retained a 50% stake in the company Founded in 1961, Diaco is the largest steel maker in Colombia with an installed capacity of over 670,000 tons/year of crude steel and the largest scrap iron recycling plant in the country.  The company’s main production plants are located in Tocancipá, Muña and Tuta.  The company offers a wide portfolio of products focused primarily in the civil construction and industrial sectors Putney is an asset management and private equity investment firm focused on the industrial and energy sectors throughout the Caribbean, Central America and NOLA.  Putney is an affiliated partner of INICIA and currently manages INICIA’s energy and industrial investment portfolio.  Putney was founded in...Read More

Cobaltum Advises Eutelsat on sale of Alterna’TV to CANAL+

On April 7, 2016, CANAL+ Group, a subsidiary of global media firm Vivendi (ENXTPA:VIV / Market Cap: ~$28.8 billion), announced the acquisition of Alterna’TV from Eutelsat Americas. The transaction was completed by CANAL+ subsidiary THEMA, and includes long-term agreements for the lease of capacity on the EUTELSAT 113 West A and EUTELSAT 117 West A satellites

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