Resource Capital Funds to buy Australia's Ausenco
Resource Capital Funds has agreed to buy Ausenco, an Australia-listed mining services business struggling as a result of the commodities downturn, at an enterprise value of A$153.7 million ($113.3 million).
Resource Capital Fund VI will buy 199.5 million shares in Ausenco for A$0.40 apiece, which represents an 18% premium to the June 13 closing price. The PE firm will also assume responsibility for the company's...
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