Commodities
EMR buys Australian precious metals mine for $210m
EMR Capital has agreed to pay $210 million for Golden Grove, a precious metals mine in Western Australia owned by China Minmetals Group (MMG).
CHAMP Ventures, Frontenac exit H-E Parts to Japan's Hitachi
Australia's CHAMP Ventures and its US-based partner Frontenac will exit H-E Parts – a leading provider of replacement parts for mining and construction vehicles – as Hitachi Construction Machinery agreed to buy the business for an enterprise valuation...
Deal focus: Allegro brings driller back from the brink
Allegro carves out JSW Australia from bankrupt Hughes Drilling with a view to capitalizing on the country's gradual mining rebound
Fund focus: EMR mines value-add experience
EMR Capital has raised $860 million for its second fund, which will focus on control deals involving copper, gold, coking coal and potash - each of which is expected to see strong demand from China
Asia PE and upstream energy: Under the pump
Although a low oil price environment has created interesting inroads for PE investors seeking exposure to Asia’s growing energy consumption story, challenges of timing and targeting have slowed uptake
Chinese GP BHR to buy stake in mining asset from Canada’s Lundin
Chinese private equity firm BHR Partners has agreed to acquire a minority stake in Tenke Fungurme Mining, an Africa-based copper asset, from Canada-based Lundin Mining for $1.14 billion in cash.
Hony invests $121m in Australian oil player Santos
Chinese private equity firm Hony Capital has re-upped in Australia-listed oil and gas supplier Santos for A$159.2 million ($120.8 million).
Blackstone pulls out of SE Asia energy platform
The Blackstone Group has terminated an $800 million commitment to develop oil and gas assets in Southeast Asia with Malaysia-based Tamarind Energy.
American Industrial Partners to buy Australia's Moly-Cop for $1.2b
American Industrial Partners (AIP) will buy Moly-Cop, the mining consumables division of struggling Australian mining and materials giant Arrium for an enterprise value of $1.23 billion.
Simmons invests in Malaysia's Leap Energy
Simmons Private Equity (SPE), an energy-focused investor based in the US, has acquired Malaysian oil company Leap Energy as part of a plan to establish a global upstream consulting group.
IFC commits $11m to Indonesian gas producer's IPO
The International Finance Corporation (IFC) has invested $11 million in Indonesia-based Aneka Gas Industri as part of the gas production company’s domestic IPO.
Summit PE joins $50m round for Australia's Elemental Minerals
Summit Private Equity has contributed to a $50 million investment in Australia-listed potash project developer Elemental Minerals.
Fund focus: Kerogen plays the long game
In the early stages of deployment of its $830 million second fund, Kerogen Capital faces a very different energy sector to the previous cycle, characterized by lower costs, lower entry prices and reduced competition
China's Zhongwang acquires PE-owned Aleris for $2.3b
A unit of China Zhongwang has agreed to buy US aluminum company Aleris Corporation in a deal worth $2.3 billion, facilitating an exit for majority owner Oaktree Capital Management.
Kerogen closes second energy fund at $830m
Kerogen Capital, a Hong Kong-headquartered GP specializing in international energy investments, has closed its second fund at $830 million.
Indian energy company launches $15m incubator
Oil and Natural Gas Corporation (ONGC), an energy sector supplier under the Indian government, has launched a INR1 billion ($15 million) venture fund to promote entrepreneurship in the struggling local fuel industry.
The Chatterjee Group buys Mitsubishi India unit for $48m
US-based private equity firm The Chatterjee Group has agreed to pay about $48 million for a 90% stake in an Indian unit of Mitsubishi Chemical Corporation (MCC).
Greenstone acquires 20% stake in Australia's Metro Mining
Commodities-focused private equity firm Greenstone Resources has paid A$8.9 million ($6.7 million) for about a 20% stake in Australian coal and bauxite project developer Metro Mining.
Australia's Alchemy Ventures launches $150m fund
Australian venture capital firm Alchemy Ventures has launched a A$200 million ($150.3 million) fund that will focus largely on regional start-ups specializing in electric vehicle (EV) batteries.
First Reserve JV buys SE Asia oil industry servicing vessel
A joint venture controlled by energy-focused private equity firm First Reserve has acquired an 80% stake in a Southeast Asia servicing oil tanker for $166.3 million.
Hahn & Co moves towards control of Korea's Ssangyong Cement
Korean GP Hahn & Company will assume majority control of Ssangyong Cement with the acquisition of a stake held by Japan-listed Taiheiyo Cement for KRW454.8 billion ($394 million).
Cartesian Capital backs Australia's White Rock Minerals
US-based private equity firm Cartesian Capital has committed $20 million in project development financing to Australian mining company White Rock Minerals.
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).
Australia's AWE rejects buyout offer from Lone Star
Australia-based oil and gas producer AWE has rejected an unsolicited buyout offer from Lone Star that values the company at approximately A$421 million ($310 million).