Morning Chronicle - Ascension Advisory Completes Industrial Sale Leaseback in Toledo, Spain on Behalf of OpenGate Capital

Aluminium Solutions Group is an industrial manufacturing business specializing in aluminium extrusion and value-added aluminium solutions, serving a range of industrial and commercial end markets across Europe. OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses to create new value through operational improvements, innovation and growth.

The transaction involved a 44,026 square meter industrial facility situated on a 56,330 square meter site, representing a mission-critical manufacturing asset for ASG's operations in Spain, Extrusiones de Toledo ("EXTOL"). As part of the sale leaseback, EXTOL executed a new long-term triple-net lease, allowing the company to retain full operational control of the key property while unlocking significant real estate value for the business.

Proceeds from the transaction were used to strengthen ASG's balance sheet and provide additional flexibility to support operational initiatives and long-term growth.

The Toledo facility plays a central role in ASG's manufacturing footprint and benefits from a strategic location with strong logistics connectivity and access to key European markets. The lease includes annual rent escalators and is supported by a robust corporate guarantee, providing long-term stability and alignment between the tenant and the real estate investor.

"This transaction reflects our continued focus on strengthening our portfolio companies by improving their capital efficiency while preserving operational flexibility for the businesses," said Stéphane Feldmann, Principal at OpenGate Capital.

"Well-structured sale leasebacks like this one allow private equity-backed companies to optimize their capital structure and redirect capital toward higher-return uses within the business. This successful transaction demonstrates how real estate can be strategically leveraged to support growth initiatives, modernization, and operational efficiency for industrial businesses, while preserving flexibility for the day-to-day operations," Chelsea Mandel, Managing Director at Ascension Advisory stated. "Globally, private equity firms are increasingly using sale leasebacks as a core portfolio strategy to unlock value and support the ongoing growth of their operating companies."

The Ascension Advisory team ran a competitive marketing process involving multiple interested investors, and ultimately selected Serris Reim on behalf of SOGENIAL Immobilier as the winning bidder. Serris Reim was represented by Colliers Spain, led by Oriol Gual and his team.

Oriol Gual, National Director of Industrial & Logistics at Colliers, commented: "Sale and leaseback transactions allow real estate investors to access strategic industrial assets with strong tenants and long-term leases, ensuring stable cash flows and attractive returns. In the context of Europe's reindustrialization, these investments combine security, exposure to productive sectors, and sustainable value creation."

About Ascension Advisory

Ascension Advisory™ is a global advisory firm specializing in real estate sale leasebacks and M&A transactions for financial sponsors, private equity firms, and business owners. With a team that brings expertise from backgrounds in private equity, investment banking, management consulting, and real estate investing, Ascension delivers expert execution and thoughtful solutions across both real estate and corporate M&A transactions. Whether navigating a business sale, a strategic acquisition, or unlocking capital through a sale leaseback, Ascension helps clients maximize value and drive long-term growth for their business.

About OpenGate Capital

OpenGate is a global private equity firm specializing in the acquisition and operation of businesses to create new value through operational improvements, innovation and growth. Headquartered in both New York and Paris, OpenGate has been building and transforming businesses since 2005. OpenGate's professionals possess the critical skills needed to acquire, transition, operate, build and scale successful businesses. To date, OpenGate has executed more than 50 platform acquisitions across North America and Europe. To learn more about OpenGate, please visit www.opengatecapital.com.

CONTACT:
Sam Jacobs,
Chief Marketing Officer
Ascension Advisory
[email protected]

SOURCE: Ascension Advisory

View the original press release on ACCESS Newswire

D.Camden--MC-UK