Investment Summary

Duet Private Equity Invests In Mbuyelo Coal Proprietary

On October 1, 2019, private equity firm Duet Private Equity invested in metals/mining company Mbuyelo Coal Proprietary from Ichor Coal

Investment Highlights
  • This is Duet Private Equity’s 1st transaction in the Metals/Mining sector.
  • This is Duet Private Equity’s 1st transaction in South Africa.

Investment Summary

Date 2019-10-01
Target Mbuyelo Coal Proprietary
Sector Metals/Mining
Investor(s) Duet Private Equity
Sellers(s) Ichor Coal
Deal Type Stake Purchase

Target

Mbuyelo Coal Proprietary

Alberton, South Africa
Mbuyelo Coal Proprietary secures mining rights in and around South Africa and is similarly grows its portfolio in other businesses such as the properties, farming and contracting industries. Mbuyelo Coal Proprietary is based in Alberton, South Africa.

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Investor(S) 1

DESCRIPTION

Duet Private Equity is a private equity firm that invests in a variety of industries and situations. Duet Private Equity was founded in 2003 and is headquartered in London, England.


DEAL STATS #
Overall 3 of 3
Sector: Metals/Mining M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: South Africa M&A 1 of 1
Year: 2019 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-04 Moneybaba

London, United Kingdom

Moneybaba offering real-time loans with limited financial history. It operates exclusively online, at lower OPEX than traditional lenders which rely on branches and manpower. In addition to online origination, the fintech has also signed up thousands of small merchants, empowering them to finance their clients at the point of sale, with immediate payments and no fees. Moneybaba is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

Ichor Coal

Pretoria, South Africa

Category Company
Founded 2011
Sector Metals/Mining
Employees413
Revenue 3M EUR (2020)
DESCRIPTION

Ichor Coal is a global mining company engaging in thermal coal production in South Africa and internationally. The company has access to approximately 2.4 billion metric tons of coal resources on 16 properties located in the Mpumalanga coalfields in South Africa. Ichor Coal N.V. was founded in 2011 and is based in Pretoria, South Africa.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: South Africa M&A 1 of 1
Year: 2019 M&A 1 of 1