Baker McKenzie advised AURELIUS on the acquisition of Minova in a global carve-out transaction from the ASX listed Orica Limited. Minova is a leading global manufacturer and provider of mining and infrastructure essentials.
The transaction with an enterprise value of AUD 180 million (approx. EUR 114 million) will be completed by AURELIUS’s newly launched co-investment fund structure which involves AURELIUS European Opportunities Fund IV (advised by AURELIUS Investment Advisory AG) controlling a 70% stake and AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) controlling a 30% interest. The transaction is expected to close in Q1 2022, subject to regulatory approvals and other customary closing conditions.
The Baker McKenzie team was led by Melbourne based corporate partners Simon De Young and Riccardo Troiano, along with Munich corporate partner, Berthold Hummel. Baker McKenzie advised AURELIUS on all legal aspects of the transaction, which involved a global carve-out separation of the Minova business from the Orica group.
"Thanks to our extensive experience in private equity and cross-border carve-out transactions, together with a well-coordinated international team, we were able to contribute to the success of this complex transaction. The acquisition of Minova is an exciting opportunity for AURELIUS to expand a global market leader in an attractive niche", comments lead partner Simon De Young.
Headquartered in London, Minova is a global manufacturer and provider of earth-control products to mining and infrastructure customers supplying steel (bolts, mesh etc.) as well as chemical products (resins), making it among the Top-3 in all relevant markets. The company has 13 production sites and 18 sales offices across North America, Europe, South Africa, India and Australia, employing more than 1,000 staff, Minova generated revenues of circa EUR 300 million in the last financial year.
AURELIUS Equity Opportunities SE & Co. KGaA has many years of investment and management experience in various industries and sectors. AURELIUS Equity Opportunities SE & Co. KGaA employs its management capacities and the necessary financial resources to invest in product innovation, sales and research in order to develop the potential of its subsidiaries. AURELIUS operates throughout the world. The shares of AURELIUS Equity Opportunities SE & Co. KGaA are listed on all German stock exchanges (ISIN: DE000A0JK2A8, ticker symbol: AR4).
Baker McKenzie's global Corporate/M&A team advises on more cross-border transactions than any other law firm. Most recently, Baker McKenzie advised Sika AG on the acquisition of MBCC Group, BizLink on the acquisition of LEONI's Industrial Solutions business, Hyundai Motor Deutschland GmbH on its investment in H2 Mobility, Magna International on the acquisition of Veoneer, Advent International on the sale of Allnex Group to PTT Global Chemical, Cognizant on the acquisition of the ESG Mobility business from Armira PE, Deutsche Beteiligungs AG on the sale of its DNS: Net stake, Paragon on the sale of NovumIP to Questel Group, TA Associates on the acquisition of a majority stake in IGEL, Embracer on the acquisition of Easybrain Limited, SK Telecom on a joint venture with Deutsche Telekom, SAP on the trade sale of the SAP Digital Interconnect communications unit to Sinch AB, Air Liquide on the sale of the Schülke Group to Swedish financial investor EQT and Evonik on the sale of its methacrylates group to Advent International.
Legal advisor to AURELIUS:
M&A/Private Equity: Simon De Young (partner, Melbourne), Riccardo Troiano (partner, Melbourne), Berthold A. Hummel (partner, Munich)
M&A/Private Equity: Dr. Jakub Lorys (partner, Munich), Michelle Karrer, Eva Kriechbaumer (both associates, Munich), Sean Paulding, Marissa Volaris (both associates, Melbourne)
Commercial Real Estate:
Dora Stilianos (partner, Melbourne)
Matthew Jarrett (associate, Melbourne)
Banking & Finance:
Chuong Nguyen (partner, Melbourne)
Ellen Adianto (senior associate, Melbourne)
Charlie Detmold (partner, Melbourne)
Taylor Zhao (associate, Melbourne)
Thomas Gierath (partner, Munich)
Viktoria Ritter (associate, Munich)
Sean Selleck (partner, Melbourne)
Sinan Alnajjar (associate, Melbourne)
Anna Verena Böhm (counsel, Frankfurt)
Matthias Köhler (partner, Berlin)
Kerstin Schmiedel (associate, Berlin)
Rembert Niebel (partner, Frankfurt)
Felix Jehle (associate, Frankfurt)
Energy, Resources, Infrastructure:
Henry Bantick (associate, Melbourne)
Technology, Communications & Commercial:
Caitlin Whale (counsel, Sydney)
Harrison Chen (associate, Sydney)