Texas Pacific Group in Acquisition of Aleris International
August 8, 2006
Cleary Gottlieb is representing Texas Pacific Group in its proposed acquisition of all of the outstanding stock of metal-products maker Aleris International Inc. for approximately $1.7 billion plus the assumption of or repayment of approximately $1.6 billion of debt. The transaction was announced on August 8, 2006 and is expected to close by year end.
Long-time client Texas Pacific Group, founded in 1993 and based in Fort Worth, Texas, San Francisco and London, is one of the world’s leading private investment firms managing more than $30 billion in assets.
Aleris International is a global leader in aluminum rolled products and extrusions, aluminum recycling and specification alloy production. Aleris also is a recycler of zinc and a leading U.S. manufacturer of zinc metal and value-added zinc products.