Investment Summary

Petropavlovsk Invests In IRC

On January 1, 2009, Petropavlovsk invested in metals/mining company IRC from General Enterprise Management Services

Investment Highlights
  • This is Petropavlovsk’s 1st transaction in the Metals/Mining sector.
  • This is Petropavlovsk’s 1st transaction in China.

Investment Summary

Date 2009-01-01
Target IRC
Sector Metals/Mining
Investor(s) Petropavlovsk
Sellers(s) General Enterprise Management Services
Deal Type Stake Purchase

Target

IRC

Hong Kong, China
IRC is an iron ore producer and developer with assets located in Eastern Russia, close to the Chinese border, supplying all output to Chinese steel mills. IRC is based in Hong Kong, China.

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Investor(S) 1

Investor

Petropavlovsk

London, United Kingdom

Category Company
Founded 1994
Sector Metals/Mining
Employees8,860
Revenue 989M USD (2020)
DESCRIPTION

Petropavlovsk is one of Russia’s major gold mining companies. Company operate some of the largest gold mines in Russia in terms of their gold production output, processing capacity and resource base. Furthermore Company assets have untapped exploration potential. Company are a major employer and contributor to the development of the local economy in the Amur region, Russian Far East. Petropavlovsk was founded in 1994 and is based in London, the United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2009 M&A 1 of 1

Seller(S) 1

SELLER

General Enterprise Management Services

Hong Kong, China

Category Private Equity Firm
Founded 1998
PE ASSETS 850M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

General Enterprise Management Services (GEMS) is an Asian private equity group focused exclusively on the natural resources sector. The Firm targets assets with strong growth potential, clear business focus and high quality management. GEMS' target investment size is $20 to $100 million. Funds are generally used to support strategic growth initiatives, acquisitions, market expansion, or balance sheet restructuring. GEMS also invests in listed companies. GEMS was formed in 1998 and is based in Hong Kong.


DEAL STATS #
Overall 2 of 4
Sector: Metals/Mining M&A 1 of 2
Type: Stake Purchase M&A Deals 1 of 1
Country: China M&A 2 of 2
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1988-01-01 Greenheart Group

Wan Chai, China

Greenheart Group is a Hong Kong-listed company engaged in log harvesting, lumber processing and the sale of logs and lumber products primarily to China. Company grow global forestry assets with a primary focus on wood harvesting, lumber-processing, marketing and sales and provision of timber and lumber products from forests outside China for the growing wood deficit in China. Greenheart Group is a responsible and sustainable forestry company and we operate in order to grow and maximize the value that we provide to all our employees, customers and other shareholders. Greenheart Group was founded in 1991 and is based in Wan Chai, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 AED Oil

Melbourne., Australia

AED Oil is an Australian oil and gas exploration and production company. AED Oil was founded in 2005 and is based in Melbourne, Australia.

Sell -