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New Deal


Announced

Completed

Arctic Canadian Diamond completed the acquisition of Ekati Mine from Dominion Diamond.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Acquisition

Majority

Private Equity

General Mining

Completed

Friendly

Domestic

mining

Canada

Synopsis

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Arctic Canadian Diamond, a Canadian mining company, completed the acquisition of Ekati Mine, a surface and underground diamond mine, from Dominion Diamond, a mining company. Additional investors include DDJ Capital Management, Brigade Capital Management, and Western Asset Management. Financial terms were not disclosed. “We are excited to have our employees back at work and to have Ekati in full production again. We are also very grateful to our new owners for the commitment they have demonstrated to Ekati and its stakeholders. This new partnership will bring fresh perspectives to our operations and be the driving force behind our continued growth," Rory Moore, Dominion Diamond Interim President.

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