VDM Metals

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.