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Orica sells Minova for $180m
Mining and geotechnical solutions company Minova has been sold to an investment firm in a deal worth $180 million.
Lauren Croft
Firm: Gilbert + Tobin (Orica)
Deal: Gilbert + Tobin has advised Orica on the $180 million sale of its Minova business to European based investment firm Aurelius Group.
Value: $180 million
Area: M&A
Key players: The G+T team was led by M&A partner Ben Macdonald with support from lawyers Keara Stretton and Eugene Teo. The G+T team also worked closely with Orica’s M&A and legal teams.
Deal significance: The Minova business provides ground support and geotechnical solutions for mining, tunnelling and surface ground engineering projects. Minova has operations in more than 25 countries.
G+T said they were “delighted to have worked together with Orica on the successful sale of the Minova business”.
“This important transaction enables Orica to focus on its four business verticals of growth – mining; quarry and construction; digital; and mining chemicals,” the firm said.
Lauren Croft
Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.
