Backed by IK Investment Partners, Magotteaux is a designer and manufacturer of wear and tear resistant solutions for the mining and cement industries.
It is the leading global supplier of grinding mill internal and wear-resistant parts, specialising in the cement, mining and aggregate industries. The firm produces and distributes proprietary tools and consumables for processes where wear and tear resistance is key. The company has 13 production sites and 26 offices globally.
Why IK Investment Partners ("IK") invested in this business:
"IK was able to implement a number of simple but effective changes to the business, such as focusing on financial reporting and cash flow, to ultimately drive superior performance" – Merrick McKay, SL Capital
6.3 x money invested