Background
- Founded in 2022, Network Steel Resources (NSR) is a leading independent Iberian company, specializing in the trading, production and distribution of a wide range of flat steel products, selling over 1 million tons annually
- Marubeni-Itochu Steel Inc (MISI) is a joint venture between two Japanese listed Trading Houses: Marubeni Corporation (€27B market cap) and Itochu Corporation (€57B market cap)
- MISI owns more than 100 companies, collectively generating annual sales over €24B
Process
- DC Advisory was retained as sole financial advisor to NSR to assist in the sale of a minority stake in the company
- DC Advisory ran a tailored process, leveraging its cross-border sector expertise and senior relationships to identify and engage a strategic Japanese buyer
- DC Advisory worked closely with NSR’s shareholders and its management team to provide comprehensive strategic advice, sector insight and close support in transaction documentation preparation and negotiation
Outcome
- In July 2024, MISI entered into a strategic agreement to acquire a minority stake in Network Steel
- This transaction consolidates the commercial partnership between NSR and MISI through a strategic agreement. MISI’s investment in NSR's shareholding aims to drive growth, through product diversification, markets, creation of synergies and shared know-how
- This transaction extends DC Advisory’s significant experience in the Industrials sector, as well as an unrivalled track record advising in cross-border transactions
