M&A Deal Summary

AURELIUS Equity Opportunities Acquires Minova

On December 12, 2021, asset manager AURELIUS Equity Opportunities acquired chemicals company Minova from Orica for 114M EUR

Acquisition Highlights
  • This is AURELIUS Equity Opportunities’ 3rd transaction in the Chemicals sector.
  • This is AURELIUS Equity Opportunities’ 3rd largest (disclosed) transaction.
  • This is AURELIUS Equity Opportunities’ 19th transaction in the United Kingdom.

M&A Deal Summary

Date 2021-12-12
Target Minova
Sector Chemicals
Buyer(s) AURELIUS Equity Opportunities
Sellers(s) Orica
Deal Type Divestiture
Deal Value 114M EUR

Target

Minova

Addlestone, United Kingdom
Minova is a global manufacturer and supplier of securing and solidifying agents for mining and infrastructure customers, supplying both steel products (anchors, steel mesh, etc.) as well as chemical products (resins) and making it one of the top 3 in all relevant markets heard. Minova was founded in 1882 and is based in Addlestone, United Kingdom.

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Buyer(S) 1

DESCRIPTION

The AURELIUS Group is an independent investment firm focused on buyouts and spin-offs of Western European middle-market to large companies. The Firm looks to invest €5 to €80 million per transaction in companies valued up to €250 million. AURELIUS is a generalist investor but has a preference for opportunities in the chemicals, information technology, consumer products, business services, and industrials sectors. The AURELIUS Group was formed in 2006 and is based in Grünwald, Germany.


DEAL STATS #
Overall 59 of 64
Sector: Chemicals M&A 3 of 3
Type: Divestiture M&A Deals 31 of 35
Country: United Kingdom M&A 19 of 22
Year: 2021 M&A 7 of 7
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 Office Depot Europe

Venlo, Netherlands

Office Depot Europe is a provider of business supplies and services to help customers work better - whatever their workplace. Company are a single source for everything customers need to be more productive, including the latest technology, core office supplies, print and document services, business services, facilities products, furniture, and school essentials. Office Depot Europe is based in Venlo, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-17 CTD

Leicestershire, United Kingdom

CTD is a distributor of building materials and plumbing and heat supplies. With Tile Showrooms and Trade Centres across the country, CTD provides an ever-growing network of local knowledge for both commercial and domestic needs. CTD was founded in 1982 and is based in Leicestershire, United Kingdom.

Buy -

Seller(S) 1

SELLER

Orica

East Melbourne, Australia

Category Company
Founded 1874
Sector Chemicals
Employees14,000
Revenue 7.7B AUD (2024)
DESCRIPTION

Orica is a provider of commercial explosives and blasting systems to the mining and infrastructure markets, the provider of ground support in mining and tunneling, and a supplier of sodium cyanide for gold extraction. Orica was founded in 1874 and is based in East Melbourne, Australia.


DEAL STATS #
Overall 2 of 2
Sector: Chemicals M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-20 GroundProbe

Windsor, Australia

GroundProbe is a global market leader in the provision of critical monitoring and measurement technologies for the mining sector. Its radar and laser-based monitoring systems, combined with advanced processing and analytic software, provide mining customers with geotechnical slope stability monitoring for improved mine productivity and safety. GroundProbe is based in Windsor, Australia.

Buy AU$205M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-19 Terra Insights

Maple Ridge, British Columbia, Canada

Terra Insights is a global end-to-end sensor and data delivery technology platform, providing geotechnical, structural and geospatial monitoring of critical assets in mining and infrastructure. Terra Insights is based in Maple Ridge, British Columbia.

Buy CA$505M