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Orica sells Minova for $180m

Orica has sold its Minova business to Europe-based investment firm Aurelius Group with assistance from Gilbert + Tobin.

March 17, 2022 By Naomi Neilson
Orica sells Minova
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Firm: Gilbert + Tobin (Orica)

Deal: Gilbert + Tobin (G+T) has advised Orica on the $180 million sale of its Minova businesses to Europe-based investment firm Aurelius Group.

Value: $180 million

Area: M&A

Key players: The team was led by partner Ben Macdonald, with lawyers Keara Stretton and Eugene Teo supporting. Other lawyers included Gina Cass-Gottlieb, Andrew Low, Amanda Hempel, Tim Dobson, Michael Caplan, Matt Hargreaves, Ben Fuller, John Lee and Lisa Lennon.

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.

Mr Macdonald commented: “We are 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.”

Naomi Neilson

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

You can email Naomi at: This email address is being protected from spambots. You need JavaScript enabled to view it.

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