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New Deal


Announced

Completed

OTPP completed the acquisition of a 25% stake in Sweetwater Royalties from Orion Resource Partners for $222m.

Financials

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Transaction Value£182m
Consideration TypeCash
Capital Owned-
Capital Bid For25%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Friendly

Completed

Canada

Acquisition

Domestic

Private Equity

General Mining

Private

minerals royalty

Minority

Synopsis

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Ontario Teachers' Pension Plan, a global investor, completed the acquisition of a 25% stake in Sweetwater Royalties, a base metals and industrial minerals royalty company, from Orion Resource Partners, a global asset management firm, for $222m. "We are excited to partner with Orion in the ownership of Sweetwater and work together to support the growth of the business. Sweetwater has a unique mineral acreage position across the largest natural trona deposit globally and significant growth optionality across its asset base," Christopher Metrakos, OTPP Senior Managing Director of Natural Resources.

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