Houlihan Lokey Advises Ambienta

Houlihan Lokey is pleased to announce that Ambienta SGR S.p.A. (Ambienta) has divested Calucem Group (Calucem) to Cementos Molins S.A. The transaction closed on 4 November 2021.

Ambienta is one of Europe’s largest asset managers entirely focused on environmental sustainability. Operating out of Milan, London, Paris, and Munich, Ambienta manages over €1.5 billion in assets, with a focus on investing in private and public companies driven by environmental megatrends and whose products or services improve resource efficiency or pollution control. Ambienta has pioneered the world’s first absolute return fund entirely focused on environmental sustainability.

Calucem is a producer of calcium aluminate cements (CAC), a family of specialty binding materials that are essential ingredients in the success of high-performance products for building chemistry and other industries. Founded in 1925, Calucem is a brand name in the industry and the No. 2 producer of CAC worldwide, serving global end customers in more than 60 countries. The company has its management HQ and R&D centre in Mannheim, Germany, with a production facility in Pula, Croatia, and sales companies in the US, Germany, and Singapore, and it is vertically integrated with a bauxite quarry in Turkey. Calucem has an impressive track record of bringing to market innovative and game-changing products in terms of carbon dioxide reduction for the construction sector.

Cementos Molins focuses on manufacturing, distributing, and selling cement, concrete, mortars, aggregates, and concrete prefabricates to a blue-chip customer base. Cementos Molins is publicly listed on the Barcelona Stock Exchange with a market cap of more than €1 billion.

Houlihan Lokey served as the exclusive sellside advisor to Ambienta, assisted in structuring and negotiating the transaction, and conducted a lender education process.