M&A Deal Summary

Posco, Marubeni, STX and Hancock Prospecting Pty Acquire Roy Hill Holdings Pty

On March 30, 2012, Posco, Marubeni, STX and Hancock Prospecting Pty acquired metals/mining company Roy Hill Holdings Pty

Acquisition Highlights
  • This is Posco’s 1st, Marubeni’s 6th, STX’s 1st and Hancock Prospecting Pty’s 1st transaction in the Metals/Mining sector.
  • This is Posco’s 1st, Marubeni’s 5th, STX’s 1st and Hancock Prospecting Pty’s 1st transaction in Australia.

M&A Deal Summary

Date 2012-03-30
Target Roy Hill Holdings Pty
Sector Metals/Mining
Buyer(s) Posco
Marubeni
STX
Hancock Prospecting Pty
Deal Type Add-on Acquisition

Target

Roy Hill Holdings Pty

Perth,, Australia
website
Roy Hill is the development of a new generation of integrated iron ore mining, rail & port operations in the Pilbara region of Western Australia. Our people are shaping sophisticated processes that will introduce a new wave of innovation, technology and knowledge to Australia’s iron ore industry.

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Buyer(S) 4

Buyer

Posco

Pohang, South Korea

website


Category Company
Founded 1968
Sector Metals/Mining
Revenue 57,466.7B KRW (2020)
DESCRIPTION

POSCO engages in the manufacture and distribution of steel products.The Company operates in steel business, engaged in the manufacture of hot rolled steels, steel plates, wire rods, cold rolled steels, galvanized steels, electrical galvanized steels, stainless steels, titanium products, magnesium products and others; trading business, engaged in the trading of steel products. POSCO was founded in 1968 and is based in Pohang, South Korea.


DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Australia) 1 of 1
Year (2012) 1 of 1
Buyer

Marubeni

Tokyo, Japan

website


Category Company
Founded 1858
Sector Diversified
Employees42,882
Revenue 8,508.6B JPY (2022)
DESCRIPTION
Marubeni's corporate headquarters in Tokyo, Japan.
Marubeni's corporate headquarters in Tokyo, Japan.

Marubeni is a global trading and investment firm with a diverse range of business interests. These areas encompass importing and exporting, as well as transactions in the Japanese market, related to food materials, food products, textiles, materials, pulp and paper, chemicals, energy, metals and mineral resources, transportation machinery, and includes offshore trading. The Company's activities also extend to power projects and infrastructure, plants and industrial machinery, finance, logistics and information industry, and real estate development and construction. Marubeni was founded in 1858 and is based in Tokyo, Japan.


DEAL STATS #
Overall 29 of 63
Sector (Metals/Mining) 6 of 7
Type (Add-on Acquisition) 9 of 24
Country (Australia) 5 of 5
Year (2012) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-02 Grande Cache Coal

Calgary, Alberta, Canada

Grande Cache Coal Corp. is a metallurgical coal mining company.

Buy CA$983M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-25 Seajacks International

Great Yarmouth, United Kingdom

Seajacks International is an offshore services company that operates primarily in the European offshore wind market but also has capabilities for the European offshore oil and gas markets. Seajacks owns and manages self-propelled jack-up vessels equipped for the harsh conditions of the North Sea.

Buy -
Buyer

STX

Seoul, South Korea

website


Category Company
Founded 1976
Sector Diversified
Employees75
Revenue 975.6B KRW (2020)
DESCRIPTION

STX Corp. is an operator of four divisions: Shipbuilding, Trading, Plant Construction and Energy. STX was founded in 1976 and is based in Seoul, South Korea.


DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Australia) 1 of 1
Year (2012) 1 of 1
Buyer

Hancock Prospecting Pty

West Perth,, Australia

website


Category Company
Founded 1955
Sector Metals/Mining
DESCRIPTION

Hancock Prospecting Pty Ltd (HPPL) is an Australian company that has a long and important association with the Pilbara and the iron ore sector. The group HPPL has significant plans for further development in both the Pilbara region of Western Australia and other areas in Australia.


DEAL STATS #
Overall 1 of 2
Sector (Metals/Mining) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (Australia) 1 of 2
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-18 Atlas

Perth, Australia

Atlas is an Australian mining company and an iron ore explorer, developer, and producer, predominantly active in the Pilbara region. Atlas is based in Perth, Australia.

Buy AU$472M