
Denham Capital to open office in Perth
Energy-focused PE firm Denham Capital is to open an office in Perth, Australia, in February. Based in one of the world’s main hubs for mining activity, the new office will be led by Bert Koth, director of Denham’s metals and minerals team.
Koth will be relocating from the firm's London office. In addition to pursuing metals and minerals investments in Australia and the Asia Pacific region, the office will seek opportunities in Denham's other two core sectors: power and renewables and oil and gas.
"While Perth and Australia are rightfully thought of as global centers for metals and minerals, investment opportunities in the country and Asia Pacific region in all three of our core sectors are abundant," said Koth in a statement.
Denham is currently working with two portfolio companies in the Asia Pacific region - Trans-Tasman Resources (TTR) and GNPower. New Zealand-based TTR, in which Denham bought a stake in 2010, explores and develops deposits of iron sands off the North Island of New Zealand. GNPower, based in Manila, is constructing a 600 megawatt project in the Philippines.
Joining Koth will be Spencer Soh, who is relocating from Denhaml's Singapore office, which has been closed down as the firm shifts its regional operations to Perth.
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