M&A Deal Summary

First Quantum Acquires Scandinavian Minerals

On April 21, 2008, First Quantum acquired metals/mining company Scandinavian Minerals from Tesi for 281M CAD

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

M&A Deal Summary
Date 2008-04-21
Target Scandinavian Minerals
Sector Metals/Mining
Buyer(s) First Quantum
Sellers(s) Tesi
Deal Type Add-on Acquisition
Deal Value 281M CAD
Advisor(s) Paradigm Capital (Financial)

Target

Scandinavian Minerals

Toronto, Ontario, Canada
Scandinavian Minerals Ltd. is a provider of mining and metal.

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Buyer(S) 1

Buyer

First Quantum

Vancouver, British Columbia, Canada
Category Company
Founded 1983
Sector Metals/Mining
Employees20,000
Revenue 6.5B USD (2023)
DESCRIPTION

First Quantum is a mining and metals company whose principal activities include mineral exploration, development and mining. First Quantum was founded in 1983 and is headquartered in Vancouver, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Tesi

Investor Investor Investor Investor Investor

Category Sovereign Wealth Fund
Founded 1995
PE ASSETS 2.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Tesi is a Finnish venture capital and private equity firm specializing in fund and direct investments. Tesi specifically targets minority investments in early, growth stage, and established businesses. Areas of interest include industrial, mining, software, business and consumer services, healthcare, life science, cleantech, and marine. Tesi was established in 1995 and it is based in Helsinki.

DEAL STATS #
Overall 3 of 33
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 2 of 19
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2008) 1 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-01 Farmos Oy

Turku, Finland

Farmos Oy is a provider of comprehensive range of solutions for cleanliness and hygiene for the professional market, with a strong presence in the Nordic region, Russia and the Baltics. The Company focuses on five types of clients; industrial, institutional, healthcare, retail and contract manufacturing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-12 Pesmel

Kauhajoki, Finland

Pesmel is a provider of automated materials handling, loading, and packing systems. Pesmel was formed in 1978 and is based in Kauhajoki, Finland.

Buy -
Mergr

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