Cogne Acciai Speciali S.p.a. entered into an agreement to acquire ATI Specialty Materials, Ltd. from Mutares SE & Co. KGaA (XTRA:MUX) for an enterprise value of ?180 million on May 5, 2023. The transaction is still subject to merger controls and National Security and Investment Act (NSIA) approval. Mutares expects the transaction to be closed in the second quarter of 2023. Mark Richardson, Ingrid Wijnmalen, Michael Engel, Marc Israel, Philip Trillmich, Jessica Kemp, James Johnson and Helen Joseph of White & Case LLP acted as legal advisor to Mutares SE & Co. KGaA (XTRA:MUX).

Cogne Acciai Speciali S.p.a. completed the acquisition of ATI Specialty Materials, Ltd. from Mutares SE & Co. KGaA (XTRA:MUX) on September 19, 2023. Matthew Buck and James Wardle of Lincoln International AG acted as financial advisor to Mutares SE in this transaction.