M&A Deal Summary

EMR Capital Acquires BHP Billiton - Cerro Colorado

On June 19, 2018, private equity firm EMR Capital acquired metals/mining company BHP Billiton - Cerro Colorado from BHP for 320M USD

Acquisition Highlights
  • This is EMR Capital’s 2nd transaction in the Metals/Mining sector.
  • This is EMR Capital’s largest (disclosed) transaction.
  • This is EMR Capital’s 1st transaction in Chile.

M&A Deal Summary
Date 2018-06-19
Target BHP Billiton - Cerro Colorado
Sector Metals/Mining
Buyer(s) EMR Capital
Sellers(s) BHP
Deal Type Divestiture
Deal Value 320M USD

Target

BHP Billiton - Cerro Colorado

Chile
BHP Billiton's Cerro Colorado is located in the Atacama Desert in northern Chile and represents one of two copper mining operations of BHP’s Pampa Norte division. In fiscal year 2017, Cerro Colorado produced 65,000 tonnes of copper cathode.

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Buyer(S) 1

Buyer

EMR Capital

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Size Small
Type Sector Focused
DESCRIPTION

EMR Capital is a private equity firm focused on resource projects. The Firm looks to invest in a diversified range of opportunities including projects in current production as well as earlier stage (pre-production) assets. EMR Capital is based in Melbourne, Australia.

DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 2 of 2
Type (Divestiture) 1 of 1
Country (Chile) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-15 Lubambe Copper Mine

Zambia

Lubambe Copper Mine covers an area of approximately 44km2 and it is located adjacent to the existing Lubambe Copper Mine. The property includes an existing 420m deep shaft (known as No.2 shaft) dating from 1950’s, which accesses the southern limb of the deposit. Lubambe Copper Mine is based in Zambia.

Buy -

Seller(S) 1

SELLER

BHP

Melbourne, Australia

website

Category Company
Founded 1851
Sector Metals/Mining
Employees31,589
Revenue 42.9B USD (2020)
DESCRIPTION

BHP is a multinational mining and oil/gas exploration company. BHP was formed in 2001 from the merger of Australian Broken Hill Proprietary Company Limited (BHP) and the Anglo–Dutch Billiton plc. BHP was founded in 1851 and is based in Melbourne, Australia.

DEAL STATS #
Overall 4 of 5
Sector (Metals/Mining) 4 of 4
Type (Divestiture) 4 of 5
Country (Chile) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-24 Bayside Casthouse

Australia

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-21 The World Marine & General Insurance Company

United Kingdom

The World Marine & General Insurance Company PLC is a provider of insurance protection services and wrote various insurance coverages. The World Marine & General Insurance Company PLC was founded in 1894 and is based in United Kingdom.

Sell -
Mergr

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