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New Deal


Announced

Anglo American to invest $200m in First Mode.

Financials

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Transaction Value£163m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Minority

Single Bidder

Friendly

Private

United States

Machinery: Industrial

Pending

carbon reduction

Domestic

Synopsis

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Anglo American, a mining company, agreed to invest $200m in First Mode, a carbon reduction company developing creative, clean energy solutions. "The First Mode mission is much bigger than a single haul truck. Mining is how the world obtains the materials needed for the clean energy transition, and it is where the carbon footprint starts. This is where the First Mode solution begins; starting at the source, in mining, to replace diesel and accelerate the clean energy transition," Julian Soles, Anglo American Head of Technology.

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