Squire advises Hyperion (KKR) on the acquisition of TEMSA
Hyperion (KKR) has announced an agreement to acquire TEMSA Transformaciones y Estudios Metalúrgicos (TEMSA), along with its sister companies Plusdur and Metadur. These Barcelona-based companies specialize in manufacturing high-precision tooling for wear applications, including cold forming, powder metallurgy compacting, and deep drawing. TEMSA will become the European anchor for the Precision Solutions by Hyperion custom wear components business.
Hyperion Materials & Technologies is a leading manufacturer of toolmaker components, manufacturing process tools, and engineered products with hard and super hard materials. With 16 production sites, revenues around $600 million and over 2,000 employees across the world, Hyperion is a global business and competes across a wide range of markets. In July 2018, Hyperion was acquired by Kohlberg Kravis Roberts & Co. (KKR), one of the world’s largest and most active private equity investors.
A Private Equity team based at the Madrid Office of Squire Patton Boggs, led by partner Carlos Blanco, and comprising senior associate Alejandra Castañeda and associate Íñigo Oliván, acted as legal counsel to Hyperion (KKR).
