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Listed minerals company to be acquired by asset management firm
Australian metals and mining company Verdant Minerals has been advised on its recommended acquisition by UK private equity firm CD Capital.
Jerome Doraisamy
Source: verdantminerals.com.au
Firm: Ashurst (Verdant Minerals)
Value: Participating Verdant shareholders will receive $0.032 per Verdant share held, valuing Verdant at $40.5 million. This, Ashurt said in a statement, represents a 113 per cent premium to Verdant’s closing share price on from earlier this month.
Area: Corporate
Key players: The Ashurst team was led by corporate partner Kylie Lane, who was assisted by banking partner Kenneth Nguyen, senior associate James Brownstein and lawyer Stephanie Mattei.
Deal significance: Ms Lane commented: “We have advised Verdant for a number of years and are delighted to have assisted to achieve this result for Verdant and its shareholders.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
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