Shearman & Sterling advised Paragon Partners on the refinancing for the acquisition of Castolin Eutectic, the globally leading provider of wear-protection and repair solutions for industrial equipment, from the Messer Group.

Headquartered in Kriftel, Germany, Castolin Eutectic provides a full range of consumables, equipment and services for welding, brazing and coating technologies. In six plants across the globe, Castolin Eutectic provides products that are used in maintenance and repair jobs by its own service teams and over 40,000 customers in around 50 industries such as machinery and tool building, oil and gas, steel, mining, cement, glass, power generation and agriculture. Its 1,600 employees generate annual revenues of €300 million. Active for more than 100 years in the maintenance and repair business, the Castolin Eutectic brand is known for outstanding technical competence and quality.

Founded in 2004, PARAGON PARTNERS is one of the leading, independent private equity firms in Europe with more than €1.2 billion of equity capital under management. PARAGON PARTNERS works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. PARAGON PARTNERS seeks to unlock value in fundamentally attractive businesses, leveraging its ability to address transactional and operational complexity and transform companies through tailored value creation programs. The firm is based in Munich.

The Team