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AURELIUS acquires Minova

AURELIUS has acquired a leading global manufacturer and provider of mining and infrastructure essentials, Minova, with assistance from Baker McKenzie.

January 14, 2022 By Naomi Neilson
AURELIUS acquires Minova
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Firm: Baker McKenzie (AURELIUS)

Deal: Baker McKenzie has advised AURELIUS on the acquisition of Minova in a global carve-out transaction from the ASX-listed Orica Limited.

Value: The transaction has an enterprise value of $180 million.

Area: M&A.

Key players: The team was led by Melbourne-based corporate partners Simon De Young and Rick Troiano, along with Munich corporate partner Berthold Hummel.  

Deal significance: The transaction will be completed by AURELIUS’s newly launched co-investment fund structure which involves AURELIUS European Opportunities Fund IV controlling a 70 per cent stake and AURELIUS Equity Opportunities SE & Co. KGaA controlling a 30 per cent interest.

Commenting on the deal, Mr De Young said: “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.”

Naomi Neilson

Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly. 

You can email Naomi at: naomi.neilson@momentummedia.com.au

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