M&A Deal Summary

Orica Acquires Cyanco

On February 21, 2024, Orica acquired chemicals company Cyanco from Cerberus Capital Management for 640M USD

Acquisition Highlights
  • This is Orica’s 4th transaction in the Chemicals sector.
  • This is Orica’s 2nd largest (disclosed) transaction.
  • This is Orica’s 3rd transaction in the United States.
  • This is Orica’s 1st transaction in Nevada.

M&A Deal Summary

Date 2024-02-21
Target Cyanco
Sector Chemicals
Buyer(s) Orica
Sellers(s) Cerberus Capital Management
Deal Type Add-on Acquisition
Deal Value 640M USD

Target

Cyanco

Reno, Nevada, United States
Cyanco is a global producer of sodium cyanide with manufacturing facilities serving customers in North America, Latin America, and Africa. Cyanco’s Applied Technology provides consulting services, laboratory support, and cyanide processing technologies to assist customers in optimizing their metal recoveries and sodium cyanide usage throughout the mine lifecycle. Cyanco is based in Reno, Nevada.

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Buyer(S) 1

Buyer

Orica

East Melbourne, Australia

Category Company
Founded 1874
Sector Chemicals
Employees14,000
Revenue 7.7B AUD (2024)
DESCRIPTION

Orica is a provider of commercial explosives and blasting systems to the mining and infrastructure markets, the provider of ground support in mining and tunneling, and a supplier of sodium cyanide for gold extraction. Orica was founded in 1874 and is based in East Melbourne, Australia.


DEAL STATS #
Overall 8 of 8
Sector: Chemicals M&A 4 of 4
Type: Add-on Acquisition M&A Deals 7 of 7
State: Nevada M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2024 M&A 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-19 Terra Insights

Maple Ridge, British Columbia, Canada

Terra Insights is a global end-to-end sensor and data delivery technology platform, providing geotechnical, structural and geospatial monitoring of critical assets in mining and infrastructure. Terra Insights is based in Maple Ridge, British Columbia.

Buy CA$505M

Seller(S) 1

SELLER

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.


DEAL STATS #
Overall 55 of 57
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 27 of 29
State: Nevada M&A 1 of 1
Country: United States M&A 37 of 39
Year: 2024 M&A 1 of 2
Size (of disclosed) 6 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Off Lease Only

West Palm Beach, Florida, United States

Off Lease Only is a large volume used-car dealership, with four state-of-the-art retail. Off Lease Only helps shoppers skip the depreciation and save thousands on more than 5,000 low mileage 2016-2020 cars, trucks, SUVs and vans. Off Lease Only is based in West Palm Beach, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-27 SubCom

Eatontown, New Jersey, United States

SubCom is delivers and maintains the fiber optic cable systems that transmit nearly all of the world’s data and communications. SubCom designs, manufactures, deploys, maintains, and operates modern networks with an industry-leading track record for delivery and performance, providing the most comprehensive technical and marine expertise, with the highest quality, and most reliable solutions.

Sell -