Add-on Acquisition • Metals/Mining

Nexa Acquires Karmin Exploration

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

Acquisition Context

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.

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M&A Deal Summary
Date	August 26, 2019
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 Company

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 Overview 1

Buyer

Nexa

Luxembourg, Luxembourg

Category	Company
Founded	1956
Sector	Metals/Mining
Revenue	2.8B USD (2024)

DESCRIPTION

Nexa develops and operates 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, Luxembourg.

Deal Context for Buyer	#
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

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