M&A Deal Summary

Apollo Global Management, Elliott and CIMIC Acquire Thiess

On December 17, 2014, asset manager Apollo Global Management, asset manager Elliott and CIMIC acquired metals/mining company Thiess

Acquisition Highlights
  • This is Apollo Global Management’s 3rd, Elliott’s 1st and CIMIC’s 1st transaction in the Metals/Mining sector.
  • This is Apollo Global Management’s 1st, Elliott’s 1st and CIMIC’s 2nd transaction in Australia.

M&A Deal Summary
Date 2014-12-17
Target Thiess
Sector Metals/Mining
Buyer(s) Apollo Global Management
Elliott
CIMIC
Deal Type Joint Venture

Target

Thiess

South Bank, Australia
Thiess is a contract miner, working with clients in Australia, Asia and Americas in the dynamic field of open-cut and underground mining. Thiess was founded in 1934 and is based in South Bank, Australia.

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Buyer(S) 3

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.

DEAL STATS #
Overall 43 of 140
Sector (Metals/Mining) 3 of 4
Type (Joint Venture) 1 of 2
Country (Australia) 1 of 3
Year (2014) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-24 Express Energy Services

Houston, Texas, United States

Express Energy Services is a provider of rental equipment and services to the oil and gas industry. Express Energy Services was founded in 2000 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-18 Leighton Contractors

Chatswood, Australia

Leighton Contractors is a construction company and undertakes infrastructure projects. Leighton Contractors was founded in 1949 and is based in Chatswood, Australia.

Buy -
Buyer

Elliott

Category Asset Manager
Founded 1977
PE ASSETS 59.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Elliott Management is a diversified investment management firm consisting of private equity, distressed, and hedge funds. The Firm's private equity group looks to acquire majority or minority stakes in private companies. In addition to private equity investing, Elliott looks to acquire positions in public companies, distressed assets, real estate, and commodities. Elliott Management was formed in 1977 and is headquartered in West Palm Beach, Florida.

DEAL STATS #
Overall 2 of 14
Sector (Metals/Mining) 1 of 1
Type (Joint Venture) 1 of 1
Country (Australia) 1 of 1
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-11 BMC

Houston, Texas, United States

BMC is a systems software provider which helps enterprise organizations manage and optimize information technology across cloud, hybrid, on-premise, and mainframe environments. BMC was established in 1980 and is based in Houston, Texas.

Buy $6.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-31 Eliantus Energy

Madrid, Spain

Eliantus Energy is a fully-operating portfolio of solar power plants functioning under the Spanish regulatory regime. Eliantus Energy is based in Madrid, Spain.

Buy -
Buyer

CIMIC

North Sydney, Australia
Category Company
Founded 1899
Sector Construction
Employees24,381
Revenue 9.7B AUD (2021)
DESCRIPTION

CIMIC provide construction, mining and operation and maintenance services to the infrastructure, resources and property markets. CIMIC was founded in 1899 and is based in North Sydney, Australia.

DEAL STATS #
Overall 3 of 7
Sector (Metals/Mining) 1 of 1
Type (Joint Venture) 1 of 1
Country (Australia) 2 of 5
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-01 Al Habtoor Leighton Group

Dubai, United Arab Emirates

The Habtoor Leighton Group (HLG) is one of the leading diversified international contractors in the Middle East and North Africa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-18 Leighton Contractors

Chatswood, Australia

Leighton Contractors is a construction company and undertakes infrastructure projects. Leighton Contractors was founded in 1949 and is based in Chatswood, Australia.

Buy -
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