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New Deal


Announced

Completed

RBC, National Bank of Canada and Scotiabank to acquire a 8.5% stake in Capstone Copper from Orion Mine Finance for $320m.

Financials

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Transaction Value£220m
Consideration TypeCash
Capital Owned-
Capital Bid For9%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Cross Border

Public

Friendly

Minority

Private Equity

base metals

mining

Canada

General Mining

Completed

Synopsis

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RBC Capital Markets, a global investment bank, National Bank of Canada, a commercial bank, and Scotiabank, a banking and financial services company, agreed to acquire a 8.5% stake in Capstone Copper, a portfolio of long-life copper operations in the Americas, from Orion Mine Finance, an alternative investment management firm, for $320m. The company has granted the underwriters an option, exercisable in whole or in part at any time up to 30 days after the closing of the offering, to purchase up to an additional 8.9m common shares from the company at the offering price which, if exercised in full, would increase the aggregate gross proceeds of the offering to $321m.

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