Investment Summary

New Hope, Wesfarmers, Mitsui & Co and Taiwan Power Co. Exits Bengalla Joint Venture

On August 7, 2018, invested in metals/mining company Bengalla Joint Venture from New Hope, Wesfarmers, Mitsui & Co and Taiwan Power Co.

Investment Highlights
  • This is transaction in the Metals/Mining sector.
  • This is transaction in Australia.

Investment Summary

Date 2018-08-07
Target Bengalla Joint Venture
Sector Metals/Mining
Sellers(s) New Hope
Wesfarmers
Mitsui & Co
Taiwan Power Co.
Deal Type Sold to Existing Investors

Target

Bengalla Joint Venture

Brisbane, Australia
Bengalla Joint Venture produces mainly thermal coal for a coal-fired power plant and general industry.

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Seller(S) 4

SELLER

New Hope

Brisbane, Australia

Category Company
Founded 1952
Sector Energy Services and Equipment
Employees1,084
Revenue 1.8B AUD (2024)
DESCRIPTION

New Hope is an Australian-owned and operated diversified energy company with business interests and operations spanning coal mining, exploration, port operations, oil, agriculture, innovative technologies, and investment. New Hope was founded in 1952 and is based in Brisbane, Australia.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Sold to Existing Investors M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-06 Australian NaturalCare

St Leonards, Australia

Australian NaturalCare is a vitamin company that manufactures supplements and skin care products. The company has national operational coverage, a well-established direct sales platform, and a growing portfolio of proprietary TGA-approved products. Australian NaturalCare was formed in 1989 and is based in St Leonards, Australia.

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SELLER

Wesfarmers

Perth, Australia

Category Company
Founded 1914
Sector Diversified
Employees118,000
Revenue 45.6B AUD (2025)
DESCRIPTION

Wesfarmers is a diversified Australian holdings company. Wesfarmers' business segments include supermarkets, department stores, home improvement and office supplies; coal production and export; chemicals, energy and fertilisers; and industrial and safety products. Wesfarmers was founded in 1914 and is based in Perth, Australia.


DEAL STATS #
Overall 5 of 5
Sector: Metals/Mining M&A 1 of 1
Type: Sold to Existing Investors M&A Deals 1 of 1
Country: Australia M&A 4 of 4
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-25 Homebase

Milton Keynes, United Kingdom

Homebase is an operator of home improvement and garden retailer. Homebase delivers an established and scalable platform with stores that are the right size for the UK market and support warehouse merchandising and a low cost operating model. Homebase was founded in 1979 and is based in Milton Keynes, United Kingdom.

Sell -
SELLER

Mitsui & Co

Tokyo, Japan

Category Company
Founded 1947
Sector Diversified
Employees56,400
Revenue 14.66T JPY (2025)
DESCRIPTION

Mitsui & Co engages in the export, import, wholesale, and retail of steel products; steel processing; mining and sale of iron ores; and sale and trading of ferrous scrap and alloy products and chemicals, energy, food, food & retail management, healthcare & service, consumer business, IT & communication business, corporate development business. Mitsui & Co was founded in 1947 and is based in Tokyo, Japan.


DEAL STATS #
Overall 9 of 16
Sector: Metals/Mining M&A 2 of 2
Type: Sold to Existing Investors M&A Deals 1 of 1
Country: Australia M&A 1 of 2
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-22 Champions Cinco Pipe & Supply

Houston, Texas, United States

Champions Cinco Pipe & Supply LLC is a distributor of casing and tubing, drill pipe and line pipe. The company extensive inventory includes a wide range of pipe sizes and grades ready for immediate shipment. Champions Cinco Pipe & Supply was founded in 1979 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-28 Agrigate Co.

Tokyo, Japan

Agrigate Co. Ltd. is a operator of 'Shunpachi Greengrocer' retail stores, which produce and sell pre-prepared dishes and lunchboxes alongside seasonal fruit and vegetables across 15 store locations in the Tokyo area, based on the concept of "Fresh, Delicious, and Reasonably Priced.

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SELLER

Taiwan Power Co.

Taipei, Taiwan

Category Company
Founded 1946
Sector Utilities
Employees27,261
DESCRIPTION

Taiwan Power Co. is a state-owned electric power industry providing electricity to Taiwan and off-shore islands of the Republic of China. Taiwan Power Co. was formed in 1946 and is based in Taipei, Taiwan.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Sold to Existing Investors M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1992-01-01 Bengalla Joint Venture

Brisbane, Australia

Bengalla Joint Venture produces mainly thermal coal for a coal-fired power plant and general industry.

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