M&A Deal Summary

Impala Platinum Acquires North American Palladium

On October 7, 2019, Impala Platinum acquired metals/mining company North American Palladium from Brookfield Business Partners for 570M USD

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

M&A Deal Summary
Date 2019-10-07
Target North American Palladium
Sector Metals/Mining
Buyer(s) Impala Platinum
Sellers(s) Brookfield Business Partners
Deal Type Divestiture
Deal Value 570M USD

Target

North American Palladium

Toronto, Ontario, Canada
North American Palladium Inc. is a Canadian mining company producing at the Lac des Iles Mine northwest of Thunder Bay, Ontario. The mine features a unique ore body, modern infrastructure, advanced underground technologies and an exploration portfolio.

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Buyer(S) 1

Buyer

Impala Platinum

Johannesburg, South Africa
Category Company
Sector Metals/Mining
Revenue 106.6B ZAR (2023)
DESCRIPTION

Impala Platinum is a global mining corporation that specializes in platinum group metals, as well as nickel, copper and cobalt. Impala Platinum is based in Johannesburg, South Africa.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Brookfield Business Partners

Hamilton, Bermuda
Category Company
Sector Business Services
Employees67,315
Revenue 55.1B USD (2023)
DESCRIPTION

Brookfield Business Partners acquires high-quality businesses and applies its global investing and operational expertise to create value, with a focus on profitability, sustainable margins, and sustainable cash flows. Brookfield Business Partners has the flexibility to invest across multiple industries and through many forms. Brookfield Business Partners is based in Hamilton, Bermuda.

DEAL STATS #
Overall 1 of 2
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 2
State (Ontario) 1 of 2
Country (Canada) 1 of 2
Year (2019) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-03 Teekay Offshore Partners

Hamilton, Bermuda

Teekay Offshore Partners L.P. is an international midstream services provider to the offshore oil production industry, focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and the East Coast of Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-22 Genworth MI Canada

Oakville, Ontario, Canada

Genworth MI Canada, Inc. is a private residential mortgage insurer providing mortgage default insurance to residential mortgage homebuyers, lenders, brokers, and realtors. Genworth MI Canada was founded in 1995 and is headquartered in Oakville, Canada.

Buy -
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