KPS Capital Partners’ Speira Completes Acquisition of Real Alloy

Paul, Weiss advised KPS Capital Partners and its portfolio company Speira in Speira’s acquisition of the European business of Real Alloy, a leading recycler of aluminum and related byproducts for the automotive, construction, aerospace and packaging industries. Speira is a leading global manufacturer of aluminum rolled products. Financial terms of the transaction were not disclosed.

Under the terms of the deal, Speira acquired three Real Alloy aluminum and magnesium recycling facilities in Germany as well as an aluminum recycling facility and a salt slag recycling facility in Norway. The acquisition materially increases Speira’s ability to use recycled metal in its production and meet the market’s demand for high-quality, low carbon rolled aluminum products.

The Paul, Weiss team included, among others, corporate partners Angelo Bonvino, Cullen Sinclair, David Carmona and Anastasia Peterson; tax partners Robert Killip and David Mayo; litigation partner Aidan Synnott and counsel Peter Jaffe and Steven Herzog; intellectual property partner Charles Googe; restructuring partner Elizabeth McColm; environmental counsel William O’Brien; and antitrust counsel Yuni Sobel.