Commodities
CHAMP PE to invest in Australian mining supplier Bradken
CHAMP Private Equity and Chilean conglomerate Sigdo Koppers have agreed to invest A$70 million ($54 million) in struggling Australian mining industry supplier Bradken. A merger of Bradken and Sigdo Koppers subsidiary Magotteaux Group is also under consideration.
Carlyle commits $500m to South Asia energy platform
The Carlyle Group has committed $500 million to an upstream oil and gas start-up that will primarily focus on development and production opportunities in the Indian subcontinent.
First Reserve subscribes to $126m KrisEnergy rights issue
First Reserve will subscribe to a portion of a S$169.5 million ($126 million) rights issue by its investee KrisEnergy. The capital is required to support the oil and gas exploration and production (E&P) company’s development.
Australian former mining boss to launch resources fund
Hugh Morgan, the former chief executive of Australia's Western Mining Corporation, is looking to launch a new resources-focused fund.
IFC invests $150m in China's Tian Lun Gas
International Finance Corporation (IFC) and its subsidiary IFC Asset Management (AMC) have invested $150 million in Hong Kong-listed gas supplier China Tian Lun Gas Holdings.
EMR serves as cornerstone for Highfield Resources placement
Australian resources-focused investor EMR Capital has served as cornerstone investor for listed mining company Highfield Resources' A$120 million ($101 million) share placement.
GEMS invests $20m in East China Sea energy player
GEMS, a natural resources-focused PE firm, has subscribed to a $20 million convertible bond issued by Primeline Energy Holdings (PEH) to support development of its East China Sea oil and gas interests.
Denham platform Auctus offers to buy Australia’s Mungana
Auctus Minerals, an Australian mining platform set up by Denham Capital, has submitted a takeover bid for listed miner Mungana Goldmines. It values the business at A$32.5 million ($26 million).
PE agrees $2.1b Australia energy carve-out
In the past 18 months, Apache has sold off more than $11 billion worth of assets, ranging from oil and gas interests in the Gulf of Mexico, Egypt and Argentina to liquefied natural gas projects in Canada and Australia. To this can be added the company’s...
Macquarie, Brookfield to buy Apache’s Australia energy unit
US-based oil and gas exploration and production company Apache has agreed to sell its Australia business to Macquarie Capital and Brookfield Asset Management for $2.1 billion in cash.
Australia's Bradken rejects new buyout offer from PEP, Koch
Australian mining industry supplier Bradken has rebuffed another takeover bid by Pacific Equity Partners (PEP), this time acting in tandem with Koch Industries.
Saratoga plans $100m Indonesia mining unit IPO
Saratoga Capital is planning to raise $100 million through an IPO for Indonesian copper and gold miner Merdeka Serasi Jaya (MSJ) in the second half of this year.
Malaysia’s CMS Opus PE exits TriSystems Engineering
Malaysia’s CMS Opus Private Equity has completed a full exit from TriSystems Engineering, a domestic engineering firm which focuses on the oil and gas sector,for MYR22 million ($6 million).
Australia mining: Panning the value stream
In the midst of the commodities downturn GPs are still finding deals in mining services, although volatility can play havoc with execution. Better value might be found upstream, if you know where to look
Q&A: Pacific Equity Partners' Simon Pillar
Simon Pillar, managing director at Pacific Equity Partners (PEP), on the prospects for buyouts in Australia, selling assets to strategic buyers in Asia, and evolving LP attitudes towards co-investment.
China’s Heaven-Sent Capital to buy South African miner
Heaven-Sent Capital Management, a Chinese PE firm, has agreed to pay ZAR637 billion ($56 million) for South African gold producer Village Main Reef and plans to take the business private.
Q&A: Denham Capital's Bert Koth
For resources-focused GP Denham Capital, the commodities downturn has thrown up some interesting opportunities. Bert Koth, the firm’s Perth-based managing director, explains why his eye is now on Asia
Australia's EMR Capital raises $450m for mining fund
Australian resources-focused private equity firm EMR Capital has reached a final close of $450 million on its specialist mining fund, beating the $400 million target.
Qiming, IDG back China B2B plastics trading platform
Qiming Venture Partners and IDG Capital Partners have led a $20 million Series A round of funding for Zhaosuliao.com, a Chinese B2B plastics trading platform.
PE buyout talks with Australia's Bradken fall through
Pacific Equity Partners (PEP) and Bain Capital have pulled their take-over bid for Australian mining industry supplier Bradken due to volatility in the commodities market.
Apollo agrees partnership with Australia’s Leighton Holdings
Apollo Global Management has agreed to buy half of Leighton Holdings’ maintenance services business, generating cash proceeds of around A$700 million ($573 million) for the Australian construction company.
Australia's Bradken opens books to PE suitors
Australian mining industry supplier Bradken has agreed to open its books to Pacific Equity Partners (PEP) and Bain Capital following the private equity firms’ offer to buy the company.
Fosun-owned Hainan Mining to list in Shanghai
Hainan Mining, an iron ore miner owned by Chinese conglomerate Fosun International, is set to raise RMB1.9 billion ($308 million) through an IPO in Shanghai.
PEP, Bain offer $731m for Australia’s Bradken
Pacific Equity Partners (PEP) and Bain Capital have made an offer for mining industry supplier Bradken that values the Australia-listed company at approximately A$872 million ($731 million).