M&A Deal Summary

China Investment Acquires Shanduka Group

On December 22, 2011, China Investment acquired metals/mining company Shanduka Group from Old Mutual Private Equity for 245M USD

Acquisition Highlights
  • This is China Investment’s 2nd transaction in the Metals/Mining sector.
  • This is China Investment’s largest (disclosed) transaction.
  • This is China Investment’s 1st transaction in South Africa.

M&A Deal Summary
Date 2011-12-22
Target Shanduka Group
Sector Metals/Mining
Buyer(s) China Investment
Sellers(s) Old Mutual Private Equity
Deal Type Add-on Acquisition
Deal Value 245M USD

Target

Shanduka Group

Sandton, South Africa
Shanduka is a leading black-owned and managed investment holding company established in November 2000. Its principal investment activities are categorised under the following: Resources, Financial Services, Property, Energy, Beverages and Strategic Investments.

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Buyer(S) 1

Buyer

China Investment

Beijing, China
Category Company
Founded 2007
Sector Financial Services
DESCRIPTION

China Investment Corporation is a sovereign wealth fund of the Government of China. The firm was established with the issuance of special bonds by the Ministry of Finance.

DEAL STATS #
Overall 2 of 3
Sector (Metals/Mining) 2 of 2
Type (Add-on Acquisition) 1 of 1
Country (South Africa) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-26 Delta Dunia

Jakarta, Indonesia

Delta Dunia is a holding company with an investment focus on mining services. Through its wholly owned subsidiary, PT Bukit Makmur Mandiri Utama (BUMA), Delta Dunia Makmur is the largest pure play mining contractor listed on the Indonesian Stock Exchange. Delta Dunia was founded in 1990 and is based in Jakarta, Indonesia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-07 Sunshine

Calgary, Alberta, Canada

Sunshine is a pure play oil sands company engaging in exploration and production of bitumen resources in the Athabasca oil sands area of Northern Alberta, Canada. The company is focused on in-situ development using Steam Assisted Gravity Drainage. Sunshine was founded in 2007 and is based in Calgary, Alberta.

Buy -

Seller(S) 1

SELLER

Old Mutual Private Equity

Investor Investor Investor Investor Investor

Category Corporate Investor
Founded 2003
PE ASSETS 9.0B ZAR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Old Mutual Private Equity (OMPE) is private equity arm of South African financial services firm Old Mutual. OMPE is both a fund and direct investor and generally targets opportunities throughout the Southern region of Africa. OMPE looks to invest a minimum of R100 million per transaction and typically seeks to hold investments for a period of 5 to 7 years. Types of transactions include take privates, MBOs, LBOs, growth capital financings, and recapitalization. Old Mutual Private Equity was formed in 2004 and is based in Pinelands, South Africa.

DEAL STATS #
Overall 1 of 3
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 3
Country (South Africa) 1 of 3
Year (2011) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Libstar

Dunkeld, South Africa

Libstar is a FMCG manufacturing & distribution. The group concentrates on supplying the needs of the foods service industry, the private-label segments of larger retailers and the manufacturing of products for brand owners. Libstar is based in Dunkeld, South Africa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-13 Savcio Holdings

Bedfordview, South Africa

SAVCIO is the largest privately-owned provider of maintenance and repair services for rotating electrical equipment and transformers in Africa.

Sell -
Mergr

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