Transformational merger transactions for a listed Australian mining company

AWR Lloyd worked for an Australian mining company for over five years on several M&A advisory assignments, some of which were finalized and some of which were not.

The work started with an assessment of strategic growth options including the application of existing cashflows plus acquisition financing to acquire another mine, forming a strategic alliance with an international mining group – or an IPO. The final option was eventually adopted but with a twist – the company decided to execute a reverse takeover transaction of an existing listed entity. The following year AWR Lloyd advised on a A$90 million acquisition which did not proceed.

The year after that we advised on a A$450 million merger between our client and an unlisted mining company which was completed successfully based on AWR Lloyd’s valuation analysis and negotiation. AWR Lloyd was retained to advise on the company’s organic growth strategy and investor relations
During the five years of work for the client by AWR Lloyd, the company’s market capitalization increased from around $30 million to over $1.2 billion. In the year following the end of our assignment the company’s share price more than doubled again and the client was eventually acquired for A$3.3 billion by a large Chinese mining group.