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Aurora completes €55m buy-out of France’s Alltub

15 Dec 2011

LA-based private equity firm Aurora Capital has bought the Alltub Group, a French producer of collapsible aluminum tubing. Although financial terms of the transaction were not disclosed, news reports suggest it the deal could be valued at about €55m.

Headquartered near Paris, France, Alltub has an annual production capacity in excess of 1.5 billion tubes. The company serves a multinational customer base in the cosmetics, pharmaceuticals and food end markets, sectors whose stable demand characteristics are not tied to macroeconomic events. It operates from five facilities in the Czech Republic, Italy, France and Mexico.

Gerald L. Parsky, chairman of Aurora Capital, said, “Alltub is a great addition to the Aurora Capital Group portfolio of companies. We have a long track record of creating value by partnering with management of middle market companies to help them improve performance and maximise opportunities, and we look forward to doing so with Alltub’s management and employees.”

Anthony DiSimone, a managing partner of Aurora Resurgence, added, “We believe this is an opportune time to add Alltub to the Aurora Resurgence portfolio. In addition to its world class manufacturing facilities and leading design capabilities, Alltub has outstanding relationships with both its multinational and local customers, all of which serve stable end-markets not influenced by macroeconomic fluctuations. We intend to work with Alltub’s excellent management team to grow the business both organically and through strategic acquisitions.”

Aurora manages more than $2bn with two investment strategies. Aurora Resurgence invests in debt and equity securities of mid-market companies and targets complex situations that are created by operational or financial challenges either within a company or a broader industry. Aurora Equity focuses principally on control-investments in mid-market industrial, manufacturing and selected service oriented businesses.

In September the firm also bought Industrial Container Services, the largest provider of reconditioned containers in the US, in a secondary transaction from Dallas buy-out house Wingate Partners.

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