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New Deal


Announced

Completed

T. Rowe Price led a $192m in Series B round in KoBolt Metals.

Financials

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Transaction Value£141m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Minority

Private Equity

Venture Capital

Domestic

Acquisition

Friendly

Single Bidder

Platinum and Precious Metals

cobalt

battery production

battery materials projects

United States

Completed

Synopsis

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T. Rowe Price, a global investment management firm, led a $192m in Series B round in KoBolt Metals, an artificial intelligence powered mineral exploration company, with participation from Canada Pension Plan Investment Board, Standard Investments, BHP Ventures, Mitsubishi, Apollo Projects, and Cleo Capital. “A terrific set of new investors have backed KoBold and our mission to discover the critical materials we need to electrify the economy,” KoBold Metals.

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