M&A Deal Summary

Yankuang Energy Group Acquires Felix Resources

On October 23, 2009, Yankuang Energy Group acquired metals/mining company Felix Resources from AMCI Capital for 3.5B USD

Acquisition Highlights
  • This is Yankuang Energy Group’s 1st transaction in the Metals/Mining sector.
  • This is Yankuang Energy Group’s largest (disclosed) transaction.
  • This is Yankuang Energy Group’s 1st transaction in Australia.

M&A Deal Summary
Date 2009-10-23
Target Felix Resources
Sector Metals/Mining
Buyer(s) Yankuang Energy Group
Sellers(s) AMCI Capital
Deal Type Add-on Acquisition
Deal Value 3.5B USD

Target

Felix Resources

Brisbane, Australia
Felix Resources is an expanding company with a focus on coal mining and the development and operation of coal related assets, primarily within Australia. With the addition of the mining leases for Moolarben and through the potential addition of other assets such as Harrybrandt and Athena, Felix has positioned itself in being a key coal producer providing consistent quality coal on a reliable basis to customers around the world. As of 2009 Felix Resources operates as a subsidiary of Yanzhou Coal Mining Co. Ltd.

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Buyer(S) 1

Buyer

Yankuang Energy Group

Zoucheng, China
Category Company
Founded 1973
Sector Metals/Mining
Employees79,242
Revenue 150.0B CNY (2023)
DESCRIPTION

Yankuang Energy Group is a listed company held by Yankuang Group Co., Ltd. in controlling shares, whose shares has been listed in Hong Kong, New York, Shanghai in 1998 respectively. It has been the only Chinese coal enterprise whose share listed at home and abroad. Yankuang Energy Group was founded in 1973 and is based in Zoucheng, China.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Australia) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

AMCI Capital

Greenwich, Connecticut, United States

Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

AMCI Capital is a specialist investment firm focused on the global natural resources and energy sectors. The Firm was originally formed as a joint venture between energy investor First Reserve and American Metals & Coal International (AMCI). AMCI will consider both majority and minority investments and looks to be an active participant in each portfolio investment. AMCI Capital was formed in 2006 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 1 of 2
Sector (Metals/Mining) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (Australia) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-01 United Maritime Group

Tampa, Florida, United States

United Maritime Group is a U.S-based water transportation company that handles coal, petroleum coke, phosphate, grain and other bulk commodities in the U.S and internationally. It operates U.S. United Ocean Services, a U.S-flag oceangoing fleet; U.S United Barge Line, a river barge fleet on the U.S inland waterways; U.S United Bulk Terminal, a dry-bulk commodity deep-water transfer and storage terminal; and U.S United Bulk Logistics, which combines the global resources of United Maritime Group into customized and integrated transportation and distribution systems for its customers.

Buy $405M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-01 LakeCoal

Mannering Park, Australia

LakeCoal (Chain Valley Colliery) is an operating underground coal mine in the Newcastle coalfields, New South Wales. LakeCoal (Chain Valley Colliery) is based in Mannering Park, Australia.

Buy -
Mergr

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