{"id":2733,"date":"2013-03-30T15:37:58","date_gmt":"2013-03-30T15:37:58","guid":{"rendered":"https:\/\/mmlcapital.com\/mml-backs-ata-group\/"},"modified":"2021-09-15T09:51:11","modified_gmt":"2021-09-15T08:51:11","slug":"mml-backs-ata-group","status":"publish","type":"post","link":"https:\/\/mmlcapital.com\/fr\/portfolio-company-news\/mml-backs-ata-group\/","title":{"rendered":"MML backs ATA Group"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Led by CEO Peter Cosgrove, the transaction creates the clear global leader in tungsten carbide bur production and positions the business for further international growth. MML will hold a 65% stake in the combined business alongside management and FL Partners.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">ATA is a leading global producer of tungsten carbide rotary files, known as burs.  Burs are a precision engineered consumable used to fabricate, polish and repair metalwork and are used across a broad range of industries including aerospace, marine, oil &amp; gas, automotive and power generation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Based in Cleveland, USA, SGS Tools Group produces tungsten carbide end milling tools and drills and is the #1 global producer of carbide burs. The acquisition of the SGS Bur business will position the enlarged ATA Group as the clear global market leader in bur production benefitting from operational synergies as well as complementary worldwide sales coverage. Following the disposal of its bur business, SGS Tools Group will focus on end milling tools and carbide drills.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ian Wallis, Richard Mayers and Robert Devonshire led and executed the deal for MML with both Ian and Richard joining ATA Group\u2019s board.<\/p>\n\n\n\n<h6 class=\"wp-block-heading\">Chief Executive Officer Peter Cosgrove, who acquired ATA in 2008 with backing from FL Partners stated:<\/h6>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cWe are delighted to receive private equity investment from MML, they rapidly grasped the value proposition of the SGS acquisition and with their experience of complex transatlantic acquisitions and pragmatic approach were well positioned to help us execute the transaction within demanding timeframes. With their ongoing support, together with that of FL Partners and our bankers AIB, I am confident we can continue to grow and develop the ATA Group.\u2019\u2019<\/p><\/blockquote>\n\n\n\n<h6 class=\"wp-block-heading\">Richard commented:<\/h6>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cWe are delighted to back Peter and his team in such an exciting acquisition.  The acquisition of SGS\u2019s bur business gives ATA a clear market leading position, consolidating its international coverage across Europe and the US and increasing its presence into Asia. This is a typical MML style deal where we worked very closely with management to shape and deliver a complex international acquisition.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>MML has continued the strong start to its 25th aniversary year with a \u20ac17.3m investment into Irish based ATA Group to fund the transatlantic acquisition of the US based SGS Tools\u2019 Bur business. <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[51],"class_list":["post-2733","post","type-post","status-publish","format-standard","hentry","category-portfolio-company-news","tag-ata"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MML backs ATA Group - MML Capital<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mmlcapital.com\/portfolio-company-news\/mml-backs-ata-group\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MML backs ATA Group - MML Capital\" \/>\n<meta property=\"og:description\" content=\"MML has continued the strong start to its 25th aniversary year with a \u20ac17.3m investment into Irish based ATA Group to fund the transatlantic acquisition of the US based SGS Tools\u2019 Bur business.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mmlcapital.com\/portfolio-company-news\/mml-backs-ata-group\/\" \/>\n<meta property=\"og:site_name\" content=\"MML Capital\" \/>\n<meta property=\"article:published_time\" content=\"2013-03-30T15:37:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-15T08:51:11+00:00\" \/>\n<meta name=\"author\" content=\"Vicki Smith\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Vicki Smith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/mmlcapital.com\\\/portfolio-company-news\\\/mml-backs-ata-group\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/mmlcapital.com\\\/portfolio-company-news\\\/mml-backs-ata-group\\\/\"},\"author\":{\"name\":\"Vicki Smith\",\"@id\":\"https:\\\/\\\/mmlcapital.com\\\/#\\\/schema\\\/person\\\/0aee9ae4caebc95c1500b3feeb72526e\"},\"headline\":\"MML backs ATA Group\",\"datePublished\":\"2013-03-30T15:37:58+00:00\",\"dateModified\":\"2021-09-15T08:51:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/mmlcapital.com\\\/portfolio-company-news\\\/mml-backs-ata-group\\\/\"},\"wordCount\":340,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/mmlcapital.com\\\/#organization\"},\"keywords\":[\"ATA\"],\"articleSection\":[\"Portfolio company news\"],\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/mmlcapital.com\\\/portfolio-company-news\\\/mml-backs-ata-group\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/mmlcapital.com\\\/portfolio-company-news\\\/mml-backs-ata-group\\\/\",\"url\":\"https:\\\/\\\/mmlcapital.com\\\/portfolio-company-news\\\/mml-backs-ata-group\\\/\",\"name\":\"MML backs ATA Group - MML Capital\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/mmlcapital.com\\\/#website\"},\"datePublished\":\"2013-03-30T15:37:58+00:00\",\"dateModified\":\"2021-09-15T08:51:11+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/mmlcapital.com\\\/portfolio-company-news\\\/mml-backs-ata-group\\\/#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/mmlcapital.com\\\/portfolio-company-news\\\/mml-backs-ata-group\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/mmlcapital.com\\\/portfolio-company-news\\\/mml-backs-ata-group\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/mmlcapital.com\\\/fr\\\/home\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MML backs ATA Group\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/mmlcapital.com\\\/#website\",\"url\":\"https:\\\/\\\/mmlcapital.com\\\/\",\"name\":\"MML Capital\",\"description\":\"Tailored Investments\",\"publisher\":{\"@id\":\"https:\\\/\\\/mmlcapital.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/mmlcapital.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-FR\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/mmlcapital.com\\\/#organization\",\"name\":\"MML Capital\",\"url\":\"https:\\\/\\\/mmlcapital.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/mmlcapital.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/mmlcapital.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/MML-Logo-Colour.svg\",\"contentUrl\":\"https:\\\/\\\/mmlcapital.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/MML-Logo-Colour.svg\",\"width\":150,\"height\":47.701,\"caption\":\"MML Capital\"},\"image\":{\"@id\":\"https:\\\/\\\/mmlcapital.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/mmlcapital.com\\\/#\\\/schema\\\/person\\\/0aee9ae4caebc95c1500b3feeb72526e\",\"name\":\"Vicki Smith\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7d8873aaa4d84743c560cea0bb8ddf5e92c7efda2345a5371c45538d5e31a0fc?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7d8873aaa4d84743c560cea0bb8ddf5e92c7efda2345a5371c45538d5e31a0fc?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7d8873aaa4d84743c560cea0bb8ddf5e92c7efda2345a5371c45538d5e31a0fc?s=96&d=mm&r=g\",\"caption\":\"Vicki Smith\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"MML backs ATA Group - MML Capital","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mmlcapital.com\/portfolio-company-news\/mml-backs-ata-group\/","og_locale":"fr_FR","og_type":"article","og_title":"MML backs ATA Group - MML Capital","og_description":"MML has continued the strong start to its 25th aniversary year with a \u20ac17.3m investment into Irish based ATA Group to fund the transatlantic acquisition of the US based SGS Tools\u2019 Bur business.","og_url":"https:\/\/mmlcapital.com\/portfolio-company-news\/mml-backs-ata-group\/","og_site_name":"MML Capital","article_published_time":"2013-03-30T15:37:58+00:00","article_modified_time":"2021-09-15T08:51:11+00:00","author":"Vicki Smith","twitter_card":"summary_large_image","twitter_misc":{"\u00c9crit par":"Vicki Smith","Dur\u00e9e de lecture estim\u00e9e":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mmlcapital.com\/portfolio-company-news\/mml-backs-ata-group\/#article","isPartOf":{"@id":"https:\/\/mmlcapital.com\/portfolio-company-news\/mml-backs-ata-group\/"},"author":{"name":"Vicki Smith","@id":"https:\/\/mmlcapital.com\/#\/schema\/person\/0aee9ae4caebc95c1500b3feeb72526e"},"headline":"MML backs ATA Group","datePublished":"2013-03-30T15:37:58+00:00","dateModified":"2021-09-15T08:51:11+00:00","mainEntityOfPage":{"@id":"https:\/\/mmlcapital.com\/portfolio-company-news\/mml-backs-ata-group\/"},"wordCount":340,"commentCount":0,"publisher":{"@id":"https:\/\/mmlcapital.com\/#organization"},"keywords":["ATA"],"articleSection":["Portfolio company news"],"inLanguage":"fr-FR","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/mmlcapital.com\/portfolio-company-news\/mml-backs-ata-group\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/mmlcapital.com\/portfolio-company-news\/mml-backs-ata-group\/","url":"https:\/\/mmlcapital.com\/portfolio-company-news\/mml-backs-ata-group\/","name":"MML backs ATA Group - MML Capital","isPartOf":{"@id":"https:\/\/mmlcapital.com\/#website"},"datePublished":"2013-03-30T15:37:58+00:00","dateModified":"2021-09-15T08:51:11+00:00","breadcrumb":{"@id":"https:\/\/mmlcapital.com\/portfolio-company-news\/mml-backs-ata-group\/#breadcrumb"},"inLanguage":"fr-FR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mmlcapital.com\/portfolio-company-news\/mml-backs-ata-group\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/mmlcapital.com\/portfolio-company-news\/mml-backs-ata-group\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mmlcapital.com\/fr\/home\/"},{"@type":"ListItem","position":2,"name":"MML backs ATA Group"}]},{"@type":"WebSite","@id":"https:\/\/mmlcapital.com\/#website","url":"https:\/\/mmlcapital.com\/","name":"MML Capital","description":"Tailored Investments","publisher":{"@id":"https:\/\/mmlcapital.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mmlcapital.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-FR"},{"@type":"Organization","@id":"https:\/\/mmlcapital.com\/#organization","name":"MML Capital","url":"https:\/\/mmlcapital.com\/","logo":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/mmlcapital.com\/#\/schema\/logo\/image\/","url":"https:\/\/mmlcapital.com\/wp-content\/uploads\/2021\/06\/MML-Logo-Colour.svg","contentUrl":"https:\/\/mmlcapital.com\/wp-content\/uploads\/2021\/06\/MML-Logo-Colour.svg","width":150,"height":47.701,"caption":"MML Capital"},"image":{"@id":"https:\/\/mmlcapital.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/mmlcapital.com\/#\/schema\/person\/0aee9ae4caebc95c1500b3feeb72526e","name":"Vicki Smith","image":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/secure.gravatar.com\/avatar\/7d8873aaa4d84743c560cea0bb8ddf5e92c7efda2345a5371c45538d5e31a0fc?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/7d8873aaa4d84743c560cea0bb8ddf5e92c7efda2345a5371c45538d5e31a0fc?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7d8873aaa4d84743c560cea0bb8ddf5e92c7efda2345a5371c45538d5e31a0fc?s=96&d=mm&r=g","caption":"Vicki Smith"}}]}},"_links":{"self":[{"href":"https:\/\/mmlcapital.com\/fr\/wp-json\/wp\/v2\/posts\/2733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mmlcapital.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mmlcapital.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mmlcapital.com\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mmlcapital.com\/fr\/wp-json\/wp\/v2\/comments?post=2733"}],"version-history":[{"count":0,"href":"https:\/\/mmlcapital.com\/fr\/wp-json\/wp\/v2\/posts\/2733\/revisions"}],"wp:attachment":[{"href":"https:\/\/mmlcapital.com\/fr\/wp-json\/wp\/v2\/media?parent=2733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mmlcapital.com\/fr\/wp-json\/wp\/v2\/categories?post=2733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mmlcapital.com\/fr\/wp-json\/wp\/v2\/tags?post=2733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}