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AURELIUS Equity Opportunities completed the sale of its subsidiary Solidus Solutions, a European maker of solid board packaging from recycled paper, to funds advised by Centerbridge Partners at an enterprise value of about EUR 330 million on 5 September 2019.
Aurelius Equity Opportunities agreed to sell Solidus Solutions, a European producer of fibre-based packaging, to Centerbridge Partners at an enterprise value of about 330 million euros ($375.6 million), announced on 28 June 2019.
AURELIUS Equity Opportunities will acquire VAG, a valve maker for water, wastewater, dams, power stations and energy, from US-based Rexnord. AURELIUS plans to separate VAG and expand its biggest facility in the Czech Republic.
AURELIUS Equity Opportunities agreed to acquire water valve manufacturer VAG of Mannheim, Germany, from US-listed Rexnord Group. VAG has 1,200 employees and about EUR 200 million in recent sales; the deal was scheduled to close in Q4 2018.
Aurelius Equity Opportunities completed its acquisition of Abelan Board Industrial S.L., a Southern European producer of core board and solid board packaging, effective January 31, 2018. Abelan will be combined with Aurelius portfolio company Solidus Solutions.
Japanese motor maker Nidec plans to fully acquire the Secop group, a German refrigerator components maker, in a deal valued at $227 million. The move aims to capture demand from tightening environmental regulations.
