Deal Type: M&A
Closing Date: 2017
OMB Valves Group has acquired the assets of and 100% ownership interest in Vogt Valves, a brand of Flowserve Corporation.
Founded in the late 1890s, Vogt Valve Company manufactures high quality forged steel valves for the chemical, petro-chemical, process and petroleum industries.
OMB Valves group (www.ombvalves.com) is an Italian diversified manufacturer of valves for the energy industries. Founded in 1973, OMB has become a globally recognized manufacturer of forged steel valves for the oil&gas industry. The group operates 3 plants in Italy (OMB, Fluicon and Calobri), one in Singapore and one in Stafford, Texas.
Role of Lyra:
Lyra Partners acted as financial advisor to OMB Valves Group
Tasks of Lyra included:
- Assistance in the valuation of the target company
- Assistance in defining the structure and the terms of transaction
- Assistance in the negotiation of the transaction up to the closing
- Coordination of due diligence activities