M&A Deal Summary

Nexa Acquires Karmin Exploration

On August 26, 2019, Nexa acquired metals/mining company Karmin Exploration for 70M USD

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

M&A Deal Summary

Date 2019-08-26
Target Karmin Exploration
Sector Metals/Mining
Buyer(s) Nexa
Deal Type Add-on Acquisition
Deal Value 70M USD
Advisor(s) CIBC Capital Markets (Financial)
Gowling WLG (Legal)

Target

Karmin Exploration

Toronto, Ontario, Canada
Karmin Exploration, Inc. is a public mining and exploration company. Karmin Exploration was founded in 1995 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Nexa

Luxembourg, Luxembourg

Category Company
Founded 1956
Sector Metals/Mining
Revenue 2.6B USD (2023)
DESCRIPTION

Nexa developing and operating mining and smelting assets in Latin America. The Company currently owns and operates five long-life underground mines - three located in the Central Andes of Peru and two located in the state of Minas Gerais in Brazil. Nexa was founded in 1956 and is based in Luxembourg City.


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 (2019) 1 of 1
Size (of disclosed) 1 of 1