Acquisition of a majority stake on a gold mine project
Transaction Details
Company Name
Gold mining company
Category
Mining industry
Date
2016
The company was looking for a mezzanine financing solution and the client performed a Due Diligence on the project, revealing good market chances in the near future. A solid IRR expectation was calculated and decision to invest made. ESG and compliance aspects have been integrated in the term sheet and SPA, mitigating repetitional risks.
Impressions
Challenge
Due Diligence of a mining project in Sub-Saharan Africa
- country risks
- technical due diligence
- financial due diligence
Closing
Successful transaction based on increasing gold prices and state of the art risk and compliance monitoring. IRR over the expectation.
