NULL

AURELIUS successfully closed acquisition of Minova Group

02.03.2022

AURELIUS successfully closed acquisition of Minova Group

Luxemburg/London, March 02, 2022 – AURELIUS is pleased to announce that it has successfully closed the acquisition of Minova in a global carve-out transaction from Orica Limited, Melbourne, Australia (“Orica” ISIN: AU000000ORI1) for an enterprise value of approx. EUR 114 million. This acquisition marks the third completed transaction by AURELIUS European Opportunities IV, controlling a 70 % stake and its Co-Investor AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8), controlling the remaining 30 %.

Headquartered in London, Minova is a global company developing, manufacturing and selling ground-control products and services to mining and infrastructure customers. With 13 production sites and 18 sales offices across North America, Europe & the CIS, South Africa, India and Australia and more than 1,000 employees, Minova generated revenues of ca. EUR 300 million in 2021.

Through continued focus on Minova’s well established customer base in the segments of soft rock, hard rock and infrastructure, AURELIUS will support the company with its experienced task-force specialised in carve-out situations and establishment of successful standalone companies. Further AURELIUS wants to intensify the development of Minova’s market presence, product and service offering as well as long term competitiveness by investing into automation, ERP infrastructure optimisation, efficient supply chain models and geographical reach.

AURELIUS was advised on the transaction by Deutsche Bank (M&A), Wood Mackenzie (CDD), PwC (Financial Due Diligence), Baker McKenzie (Legal), Norton Rose Fulbright (Financing) Howden (Insurance) and KPMG (Tax).

Legal Information

The information on this website is for informational purposes only. The information on this website is not, and is not intended to be, investment advice nor is it a recommendation to enter into any investment; investors should seek independent investment advice before making any investment decisions. The information on this website does not constitute an offer to buy or sell any investment product or service or to engage in any investment activity, or a solicitation of any investment product or service in any jurisdiction in which Aurelius is not permitted to provide its services or make available any investment product.

Any investment opportunities that Aurelius makes available from time to time will only be available to professional investors and will be subject to separate terms and conditions which will apply. This website and the contents herein are only available to such investors in jurisdictions where Aurelius is permitted to offer its products or services. No other person may rely on the information contained in this website.

For UK recipients

This website has been communicated by Aurelius Investment Advisory Limited (“Aurelius”), an authorised representative for its principal Mirabella Advisers LLP, which is authorized and regulated by the Financial Conduct Authority, FCA FRN 606792.

This website is directed at only those entities who are investment professionals with professional experience in matters relating to the contents of this website or other persons who would be classified as professional investors or eligible counterparties pursuant to the rules of the Financial Conduct Authority. In particular, this website is not available to, and may not be relied on by, any person who is a retail investor. If you are in any doubt as to whether you would be deemed to be a retail investor, please seek professional advice and refrain from accessing this website until such advice has been received.