Why Lindsay Goldberg?
Lindsay Goldberg acquired VDM, a corporate carveout, from a company where a Lindsay Goldberg affiliate partner was formerly CEO.
Investment Thesis Highlights
- Opportunity following corporate carveout to increase focus on executing strategic priorities and building a dedicated senior management team.
- As the largest European producer of nickel alloys and recognized as an innovation leader, VDM is now one of the largest producers of high-performance nickel alloys globally.
- Through efficient use of facilities, management was able to optimize capacity and position VDM for future growth.
Post-Investment Value Creation
Under new focused leadership, VDM achieved significant operational improvements including:
- Working capital optimization through inventory efficiency initiatives.
- Sales growth supported by strategic and targeted efforts.
- Health and safety: Focus on safety and working conditions of all employees created more appealing and efficient work environment, increasing productivity directly through reduction in lost-time injury rate.
- Expansion to new areas of growth including nickel powder and rotating turbine parts.