M&A Deal Summary

Edgewood Holdings and Resource Capital Funds Acquire Global Advanced Metals

On January 1, 2009, family office Edgewood Holdings and private equity firm Resource Capital Funds acquired metals/mining company Global Advanced Metals

Acquisition Highlights
  • This is Edgewood Holdings’ 1st and Resource Capital Funds’ 1st transaction in the Metals/Mining sector.
  • This is Edgewood Holdings’ 1st and Resource Capital Funds’ 2nd transaction in Australia.

M&A Deal Summary
Date 2009-01-01
Target Global Advanced Metals
Sector Metals/Mining
Buyer(s) Edgewood Holdings
Resource Capital Funds
Deal Type Buyout (LBO, MBO, MBI)

Target

Global Advanced Metals

Greenbushes, Australia
Global Advanced Metals is a private company focused on tantalum production, refining, and trading. GAM has the ability to produce up to two million pounds per annum of conflict-free material from the largest known tantalum resources located in Australia. Tantalum concentrate is refined at operations in Pennsylvania, USA, and Aizu, Japan producing some of the highest quality tantalum used in capacitors required for smartphones and tablets. Global Advanced Metals is based in Greenbushes, Australia.

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Buyer(S) 2

Buyer

Edgewood Holdings

Vero Beach, Florida, United States

Investor

Category Family Office
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Edgewood Holdings LLC is a private equity firm that seeks investments in companies worldwide. Edgewood focuses on the sectors in transportation/logistics, bulk commodities/energy, petrochemicals/refining, water/agriculture, Commercial activity in fine art and film, and Real Estate. Edgewood Holdings LLC was formed in 2001 and is based in Vero Beach, Florida.

DEAL STATS #
Overall 1 of 2
Sector (Metals/Mining) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 1
Country (Australia) 1 of 1
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-24 CVR Energy

Sugar Land, Texas, United States

CVR Energy is an independent petroleum refiner and marketer of high value transportation fuels in the Midcontinent United States. CVR Energy was incorporated in 1906 and is based in Sugar Land, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-13 Traxys

Strassen, Luxembourg

Traxys is an intermediary between base metal, noble alloy, industrial mineral producers, and industrial end-users. The Company provides a full range of commercial services such as marketing, sales, distribution, hedging, supply chain financing, raw materials sourcing, credit risk coverage, and logistics. Traxys was formed in 1919 and is based in Strassen, Luxembourg.

Buy -
Buyer

Resource Capital Funds

Denver, Colorado, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 3.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Resource Capital Funds is a private equity firm that targets investments in mining companies across a diversified range of commodities and geographies. The Firm will consider funding development stage opportunities, as well as buyouts of operating assets and distressed situations. Resource can commit as little as $2 million and as much as $75 million per transaction. Resource Capital was formed in 1998 and has offices in Denver, Colorado, and Perth, Australia.

DEAL STATS #
Overall 2 of 14
Sector (Metals/Mining) 1 of 11
Type (Buyout (LBO, MBO, MBI)) 2 of 3
Country (Australia) 2 of 3
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Tarn Drilling

Australia

Tarn Drilling is a private, non-operating holding company that owns two drilling contractors - Connors Drilling and Sanderson Drilling.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-06 Buffalo Coal

Dundee, South Africa

Buffalo Coal Corp. is a producer of high quality bituminous coal and Anthracite from mines in the Klipriver coalfield, near Dundee, in the KwaZulu Natal province of South Africa. Forbes has the ability to organically increase production, at a minimal capital cost, from both its Magdalena and Aviemore mines to capitalize on rapidly increasing demand from both domestic and export markets. Buffalo Coal is based in Dundee, South Africa.

Buy -
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