August 01, 2014 9:10 PM ET

Capital Markets

Company Overview of Lindsay Goldberg

Company Overview

Lindsay Goldberg is a private equity firm specializing in buyouts, acquisitions; follow on acquisitions; recapitalizations; industry consolidation financing and investments in family owned business undergoing a generational ownership change; and in publicly traded companies. The firm does not provide venture capital and does not consider investments in high technology companies. It prefers to invest in manufacturing, commodity-based manufacturing, financial and business services, and healthcare sectors. The firm typically invests in companies based in North America and in selected companies in Western Europe with focus on Austria, Germany, Netherlands, and Switzerland. It invests between $75...

630 Fifth Avenue

30th Floor

New York, NY 10111

United States

Founded in 2001

Phone:

212-651-1100

Fax:

212-651-1101

Key Executives for Lindsay Goldberg

Co-Managing Partner
Age: 59
Co-Managing Partner
Age: 59
Partner
Age: 44
Compensation as of Fiscal Year 2014.

Lindsay Goldberg Key Developments

ThyssenKrupp Reportedly Mulls VDM Sale

ThyssenKrupp AG (XTRA:TKA) has appointed Deutsche Bank to handle the sale of Outokumpu VDM GmbH. The sale process is not expected to start until more restructuring measures have been taken at VDM. ThyssenKrupp may even decide to keep the asset if offer prices remain significantly below its book value, two people familiar with the matter said. VDM might be valued at more than €500 million in sale, the people said. Lindsay Goldberg, KPS Capital partners, LP, Triton, Pamplona Capital Management LLP, Advent International Corporation, Aperam (ENXTAM:APAM) and Viktor Vekselberg, one of the sources said. Reuters added that ThyssenKrupp, VDM, Deutsche Bank and the potential buyers declined to comment, except for Renova and KPS, which were not immediately available for comment.

NuStar Energy L.P. Signs Agreement to Divest Remaining 50% Interest in Asphalt Joint Venture

NuStar Energy L.P. announced that it has entered into an agreement with an affiliate of Lindsay Goldberg LLC to divest all of its 50% voting interest in an asphalt joint venture that owns a refinery located in Paulsboro, New Jersey, a terminal located in Savannah, Georgia, and the related working capital. Lindsay Goldberg LLC currently owns the other 50% voting interest in the asphalt joint venture. Closing for the transaction is expected to occur no later than February 28, 2014. As a result of this transaction, a $250 million, seven-year revolving credit facility between NuStar Logistics and the joint venture will be converted to a $175 million term loan at closing and reduced to a $150 million term loan six months after closing. The transaction calls for the term loan to be repaid with excess cash flows generated by the asphalt business over the next several years and for the loan to be paid off in full by no later than September 2019. NuStar Logistics will continue to provide up to $150 million of credit support for the asphalt business, in the form of guarantees and letters of credit, for two years after the closing date. This support amount will begin declining two years after closing and will terminate no later than September 2019.

Outokumpu May Reportedly Get €700 Million For VDM

Outokumpu VDM GmbH is likely to get only €600-€700 million in the sale of Vereinigte Deutsche Metallwerke AG, less than initially planned €1 billion, three people familiar with the deal said. KPS Capital Partners, LP; Lindsay Goldberg; and Triton are among groups likely to hand in offers by a September deadline, the people said. It is unclear whether Apollo Global Management, LLC (NYSE:APO) and Star Capital Group will also be among the bidders, they added. "The original business plan has an EBITDA (earnings before interest, taxes, depreciation and amortization) target of 90 million, but due to the weak development of the sector that will not be achieved", one of the sources said, adding that the weaker earnings were weighing on the valuation of the asset. An Outokumpu spokesman said: "The strategic review is ongoing, and by the end of the year we will make decisions." Investment bank Perella Weinberg, which is managing the sale, as well as the private equity groups, declined to comment.

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