M&A Deal Summary

Cline Mining Acquires Coalspur Mines

On February 24, 2015, Cline Mining acquired metals/mining company Coalspur Mines from EIG Partners for 15M USD

Acquisition Highlights
  • This is Cline Mining’s 1st transaction in the Metals/Mining sector.
  • This is Cline Mining’s largest (disclosed) transaction.
  • This is Cline Mining’s 1st transaction in Canada.
  • This is Cline Mining’s 1st transaction in Alberta.

M&A Deal Summary
Date 2015-02-24
Target Coalspur Mines
Sector Metals/Mining
Buyer(s) Cline Mining
Sellers(s) EIG Partners
Deal Type Add-on Acquisition
Deal Value 15M USD
Advisor(s) Deutsche Bank Corporate & Investment Banking (Financial)
McCarthy Tétrault (Legal)

Target

Coalspur Mines

Vancouver, Alberta, Canada
Coalspur Mines Ltd. is a coal development company with approximately 55,000 hectares of coal leases located within the Hinton region of Alberta, Canada. Coalspur's flagship project is Vista, which covers approximately 10,000 hectares and provides a large scale, surface mineable, thermal coal development.

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Buyer(S) 1

Buyer

Cline Mining

Toronto, Ontario, Canada
Category Company
Sector Metals/Mining
DESCRIPTION

Cline is a private Canadian reporting issuer in the business of acquiring, exploring and developing mineral resource properties primarily in Canada and the United States. The Company has developed its wholly owned flagship underground coal mine into production using state-of-the-art technology and equipment. The Company is also in the process of exploring its wholly owned Cline Lake gold project after establishing an initial mineral resource of over 50,000 ounces of gold. Cline is a growth-oriented mine finder and operator with an experienced international mining team, with additional projects in the pipeline that it also expects to develop into shareholder value.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

EIG Partners

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1982
PE ASSETS 39.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

EIG Global Energy Partners specializes in private investments in energy and energy-related infrastructure around the world. Specific areas of interest include upstream oil and gas, midstream, power generation, renewables, and related infrastructure. EIG manages a variety of funds that provide hybrid debt and structured equity financing solutions to energy projects and companies. The Firm also offers credit/direct lending vehicles that target higher credit-quality project finance instruments. EIG Global Energy Partners is headquartered in Washington, District of Columbia.

DEAL STATS #
Overall 3 of 11
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 5
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2015) 1 of 2
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-17 BlackBrush Oil & Gas

San Antonio, Texas, United States

BlackBrush Oil & Gas LP is an independent oil and gas exploration and development company currently operates approximately 360,000 gross acres throughout South Texas. BlackBrush Oil & Gas was formed in 2004 and is based in San Antonio, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-07 Cerro Dominador

Santiago, Chile

Cerro Dominador Solar Power Plant is a 210-megawatt project that combines 100 MW of photovoltaic and 110 MW of concentrated solar power plants located in the commune of Maria Elena in the Antofagasta Region of Chile, about 60 kilometers south-west of Calama. Cerro Dominador is based in Santiago, Chile.

Buy -
Mergr

Product

Company

Legal