Izar Capital Group Represents
A&F Holdings, LLC (Also Known as A&F Machine Building)
(A Manufacturer of Paper and8 Board Products Machinery)
In The Acquisition By
Pasaban, S.A.
(A Designer, Manufacturer and Commissioner of Paper Products Machinery)
WASHINGTON, DC / MADRID (January 2024)
Izar Capital Group (“Izar Capital”), a leading specialized middle-market corporate finance advisory firm, is pleased to announce that it acted as exclusive financial advisor to A&F Holdings, LLC (“A&F”) in an M&A transaction resulting in a majority acquisition by Pasaban, S.A. of Tolosa (Basque Country), Spain (“Pasaban”).
The A&F deal showcases Izar Capital's middle-market, cross-border (US-Spain) bespoke M&A partnership creation, structuring and closing expertise within the strategic buyer market and demonstrates Izar’s creative approach to deal-making for growth-oriented middle market businesses seeking a more robust growth platform via a strategic industrial partner.
The partnership between Pasaban (headquartered in Tolosa, Spain) and A&F (headquartered in suburban Philadelphia, Pennsylvania) allows significant and immediate market expansion opportunities for both entities (Spain to the USA and the USA to Europe more generally), given the complementary product mix and customer composition. A&F also gains access to more extensive engineering and design capabilities, additional manufacturing capabilities, global sales/service footprint and broader sales team capabilities.
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Deal Team Contacts
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Paul Hammer JF Scarborough, III
Senior Managing Director Senior Managing Director
[email protected] [email protected]
A&F Holdings (www.afmachinebuilding.com)
A&F, headquartered in suburban Philadelphia, Pennsylvania, was founded 53 years ago, is family owned, and provides custom machine design, prototyping, development, and manufacturing services from its 14,500 ft2 facility. Products include winders, unwinders, slitter sections, reels and rolls. Customers are primarily paper mills and non-woven, tissue and converting firms.
Izar Capital Group (www.izarcapital.com)
Izar Capital Group, LLC is a middle-market focused, strategic advisory/corporate finance investment bank with expertise in Mergers and Acquisitions (buyside and sellside), Joint-Ventures and Partnerships, Private Debt and Equity Capital Advisory, as well as Corporate Strategic Advisory services. Based in Washington, DC and Madrid, Spain, the firm operates globally, and has particular expertise within the U.S., as well as cross-border deals with Spain, Europe and Latin America. Creative problem solving, independent thinking and intellectual rigor are hallmarks of the Izar Capital process. Izar Capital professionals have completed over $18bn of transactions.
Pasaban (www.pasaban.com)
Pasaban, headquartered in Tolosa, Spain (Basque Country), is a 96 year old company owned by the founding families, which designs, manufactures and commissions paper product machinery for paper mills and converters, in connection with Pasaban’s sister company Dutt, which designs and manufactures the associated electronics and control systems. Pasaban has over 500 clients with over 700 machines installed globally in 45 countries.
Izar Capital Group (“Izar Capital”), a leading specialized middle-market corporate finance advisory firm, is pleased to announce that it acted as exclusive financial advisor to A&F Holdings, LLC (“A&F”) in an M&A transaction resulting in a majority acquisition by Pasaban, S.A. of Tolosa (Basque Country), Spain (“Pasaban”).
The A&F deal showcases Izar Capital's middle-market, cross-border (US-Spain) bespoke M&A partnership creation, structuring and closing expertise within the strategic buyer market and demonstrates Izar’s creative approach to deal-making for growth-oriented middle market businesses seeking a more robust growth platform via a strategic industrial partner.
The partnership between Pasaban (headquartered in Tolosa, Spain) and A&F (headquartered in suburban Philadelphia, Pennsylvania) allows significant and immediate market expansion opportunities for both entities (Spain to the USA and the USA to Europe more generally), given the complementary product mix and customer composition. A&F also gains access to more extensive engineering and design capabilities, additional manufacturing capabilities, global sales/service footprint and broader sales team capabilities.
==============================================
Deal Team Contacts
==============================================
Paul Hammer JF Scarborough, III
Senior Managing Director Senior Managing Director
[email protected] [email protected]
A&F Holdings (www.afmachinebuilding.com)
A&F, headquartered in suburban Philadelphia, Pennsylvania, was founded 53 years ago, is family owned, and provides custom machine design, prototyping, development, and manufacturing services from its 14,500 ft2 facility. Products include winders, unwinders, slitter sections, reels and rolls. Customers are primarily paper mills and non-woven, tissue and converting firms.
Izar Capital Group (www.izarcapital.com)
Izar Capital Group, LLC is a middle-market focused, strategic advisory/corporate finance investment bank with expertise in Mergers and Acquisitions (buyside and sellside), Joint-Ventures and Partnerships, Private Debt and Equity Capital Advisory, as well as Corporate Strategic Advisory services. Based in Washington, DC and Madrid, Spain, the firm operates globally, and has particular expertise within the U.S., as well as cross-border deals with Spain, Europe and Latin America. Creative problem solving, independent thinking and intellectual rigor are hallmarks of the Izar Capital process. Izar Capital professionals have completed over $18bn of transactions.
Pasaban (www.pasaban.com)
Pasaban, headquartered in Tolosa, Spain (Basque Country), is a 96 year old company owned by the founding families, which designs, manufactures and commissions paper product machinery for paper mills and converters, in connection with Pasaban’s sister company Dutt, which designs and manufactures the associated electronics and control systems. Pasaban has over 500 clients with over 700 machines installed globally in 45 countries.