Commodities
Australian mining tech start-up Plotlogic raises $28m
Australian mining technology start-up Plotlogic has raised a USD 28m Series B round led by US impact investor Galvanize Climate Solutions and Schneider Electric’s SE Ventures.
Deal focus: Excavating the lithosphere
Australia’s Investible is helping lithium processor Novalith clean up one of the dirtiest links in the electric vehicle supply chain. The science appears sound, but can it stay clean as it scales?
KKR exits Malaysia's Weststar Aviation after 10-year hold
KKR has exited Weststar Aviation Services (WAS), which primarily provides helicopter transportation services to the offshore oil and gas industry, after a holding period of nearly 10 years.
New Zealand electronic waste start-up gets $37m
New Zealand’s Mint Innovation, a precious metals refiner that salvages electronic waste, has raised NZD 60m (USD 37m) in Series C funding featuring Australian PE firm Liverpool Partners.
Proterra backs Singapore biodiesel player
Specialist food and agriculture investor Proterra Investment Partners has agreed to invest in Aperion Bioenergy, a Singapore-based bioenergy producer that sources used cooking oil for feedstocks.
Blackstone backs Australia, US clean commodities platform
The Blackstone Group has led a USD 400m investment in Xpansiv, an Australia and US-based marketplace for trading clean commodities such as carbon offsets, renewable energy credits (RECs), and low-carbon fuels.
Australia's VC-backed Xpansiv raises $40m pre-IPO round
Australia and US-based Xpansiv CBL, a VC-backed marketplace for clean commodities such as carbon offsets and renewable fuels, has raised $40 million with plans to list in Sydney this year.
Hahn & Co agrees $322m acquisition of SK Chemicals unit
Hahn & Company has agreed to buy the biofuels division of South Korea-based SK Chemicals for KRW382.5 billion ($322 million). It is the private equity firm’s fourth carve-out of an SK Group-owned business.
EMR-backed consortium acquires Australian gold mine
A consortium backed by mining-focused GP EMR Capital and Singapore’s Golden Energy & Resources has agreed to acquire an Australian gold mine in a deal worth up to A$300 million ($207 million).
Chinese state-owned steel trading platform raises $291m
Ouyeel, which claims to be China’s largest online-to-offline (O2O) trading platform for the steel industry, has raised RMB2 billion ($291 million) in Series B funding at a post-deal valuation of RMB10 billion.
EMR launches third fund with $1.3b target
Australian resources-focused private equity firm EMR Capital has launched its third fund with a target of $1.3 billion.
UK-based CD Capital acquires Australia's Verdant Minerals
CD Capital, a natural resources and mining-focused private equity firm based in the UK, has agreed to acquire Australian mining operation Verdant Minerals in a deal that values the company at A$40.5 million ($28.6 million).
India macro: Steady as she goes
India’s economy is expected to remain stable in the face of global volatility, but trouble spots remain. Investors must structure their portfolios carefully to ensure they are not caught off guard by sudden shocks
PE-backed Merdeka buys stake in Indonesian gold mine
Merdeka Copper Gold, an Indonesian mining company controlled by Provident Capital and Saratoga Capital, has agreed to pay $55 million for a 66.6% stake in a domestic gold operation known as Pani.
Deal focus: A repeat prescription for Korean shipping
Hahn & Company has secured a $3.7 billion corporate restructuring of SK Shipping with a view to implementing the same operational improvements that have proved successful with H-Line
Hahn & Co buys Korea's SK Shipping for $3.7b
Hahn & Company has completed what is described as one of the first successful non-government led corporate restructurings in Korea’s shipping industry with the $3.7 billion acquisition of SK Shipping.
Brookfield, Macquarie to exit Australia's Quadrant Energy for $2.2b
Australian oil and gas supplier Quadrant Energy has agreed to a $2.15 billion buyout offer from domestic peer Santos that will provide a full exit for its private equity backers, including Brookfield Asset Management and Macquarie Capital.
Portfolio: Hahn & Co and H-Line Shipping
Hahn & Co’s investment in H-Line Shipping took the private equity firm into a faltering industry with a plan to focus on its most stable and profitable sub-segment
Deal focus: EMR spins golden returns from Martabe
EMR Capital has secured a $1.2 billion exit from Indonesia's Martabe gold and silver mine to strategic player United Tractors
EMR consortium exits Indonesia's Martabe to strategic player
EMR Capital, Farallon Capital, and other investors have agreed to sell their stake in Indonesia’s Martabe gold and silver mine to United Tractors, an Indonesia-listed mining business owned by global conglomerate Jardine Matheson Holdings.
New Zealand's Maui Capital agrees Pedersen trade sale
Australian logistics infrastructure services company Linx Cargo Care has agreed to buy Pedersen, a New Zealand wood processing player owned by Auckland-based Maui Capital, for an undisclosed sum.
Fund focus: LPs get more choice with Denham
Denham Capital's new fund is intended to grow the GP's exposure to mining assets in Australia and other markets, while giving LPs more freedom to set their own sector allocations
Denham closes global mining fund at $558m
Denham Capital, a resources and energy-focused GP, has closed its first global mining fund at $558 million. The vehicle is intended to grow the firm's portfolio in Australia, Canada, South America and Africa.
PE-backed Zhaogang files Hong Kong IPO
Zhaogang, a Chinese B2B steel-trading platform operator that has raised more than RMB2 billion ($303 million) across five PE-backed funding rounds, has filed for a Hong Kong IPO.