KPS Capital Partners to acquire Metra Holdings SpA and Metra SpA

KPS Capital Partners, LP (KPS) has signed a definitive agreement to acquire Metra Holding SpA and Metra SpA, (collectively Metra), a global manufacturer of extruded aluminum.  

The selling shareholders will retain 25 per cent ownership of the company. Upon completion of the transaction, Metra will become the fourth acquisition completed by KPS Special Situations Mid-Cap Fund and KPS’ first Mid-Cap Fund acquisition in the EMEA region. 

Metra is a global, vertically integrated manufacturer of extruded aluminum profiles and related value-added services, including painting, oxidation, machining, welding and assembly. The company offers a full range of extruded aluminum profiles, which are used primarily in the industrial and building & construction end-markets across Europe and North America. 

Pierre de Villeméjane, a Partner of KPS Mid-Cap Investments (KPS Mid-Cap), says: “We are excited to acquire Metra, a differentiated aluminum extrusion business with diverse manufacturing and finishing capabilities, broad product development competencies and a superior customer service track record.  We look forward to partnering with the selling shareholders, Chief Executive Officer Enrico Zampedri, and the Metra team to accelerate growth opportunities driven by substantial investment in the Company’s assets and operations. Metra’s manufacturing expertise and commitment to quality, combined with KPS’ global strategic, operational and financial resources, provide an ideal platform for future growth. We intend to expand the business both organically and through a global acquisition strategy.”  

Enrico Zampedri, Chief Executive Officer of Metra, says: “The entire Metra team is thrilled to partner with KPS as the Company enters this next phase of growth. KPS has a demonstrated track record of investing in the metals industry and exhibiting the ability to create significant value in the sector. KPS’ global reach, commitment to manufacturing excellence and the health and safety of all Metra employees combined with its significant financial resources will enable our company to realise significant growth, while maintaining our focus on quality and customer service.” 

Completion of the transaction is expected in the second quarter of 2021 and is subject to customary closing conditions and approvals.  Financial terms of the transaction have not been disclosed. 

Intesa Sanpaolo SpA – IMI Corporate & Investment Banking Division served as lead financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to KPS. Lazard Srl. served as financial advisor, Allen & Overy LLP served as legal counsel and EY Advisory SpA served as the financial vendor due diligence advisor to Metra.