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Mining sector acquisition proposed
Two global firms have advised on Resource Capital Funds’ proposal to acquire engineering company Ausenco.
Lara Bullock
Firms: King & Wood Mallesons (Resource Capital Funds); Herbert Smith Freehills (Ausenco Limited)
Value: $153.7 million
Area: M&A
Key players: The KWM team was led by partner Heath Lewis (pictured), with support from senior associates David Jewkes and Caitlin Sharp. Partner Nathan Collins advised on all aspects of the debt arrangements.
Deal significance: Resource Capital Funds (RCF) has made a proposal to acquire Ausenco Limited through a scheme of arrangement for cash consideration of $0.40 per share, implying an enterprise value for the company of $153.7 million.
King & Wood Mallesons lead partner Heath Lewis said: “We are delighted to be advising RCF on this significant deal. The transaction continues the recent trend of private equity interest in the mining services sector.”
