Syntagma Capital has announced that it has completed its acquisition of Erasteel. 

By the end of the first half of 2023, the transaction is anticipated to finalize, allowing the company to maintain its operations under the Erasteel brand. Erasteel specializes in the production of high-speed steels used for advanced machining, drilling, and cutting tools through both conventional and powder metallurgy methods. Furthermore, Erasteel possesses distinctive metal recycling capabilities in Europe, providing sustainable solutions for the retrieval of batteries, catalysts, and various metals. 

Syntagma Capital received legal advice from Willkie Farr & Gallagher LLP, while Lincoln International LLC and PricewaterhouseCoopers LLP served as financial advisors to the company. On the other hand, ERAMET received financial advisory services from SG Corporate & Investment Banking.