Corporate team supports Cogne Acciai Speciali on major acquisition

2 minute read
22 September 2023

Our Corporate team, alongside ADVANT-Nctm, has advised leading European special steels manufacturer Cogne Acciai Speciali ("Cogne") on their acquisition of Special Melted Products Limited ("SMP") a leading manufacturer of nickel-based special steels and super alloys used in the aerospace, oil and gas and nuclear industries, from Mutares SE & Co. KGaA (Mutares), a German-based private equity investor, for an enterprise value of approximately €180 million.

The team advising Cogne was led by partner Chris Towle and associate Annabel Brown (both corporate), with support from partners Samuel Beighton (competition) and Chris Stiles (pensions), as well as directors Angela Rawlins (banking) and Susannah Fink (W&I).

Commenting, Chris Towle said: "It was a pleasure to work collaboratively with ADVANT-Nctm to provide legal advice and guidance to Cogne on their recent acquisition. It is an exciting opportunity for Cogne and we wish them every success going forward."

Massimiliano Burelli, Chief Executive Officer at Cogne said: "With this acquisition we take a significant step forward in our growth path, that with Special Melted Products is enriched by top notch equipment and product mix, complementary with ours".

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