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Mining and geotechnical solutions company Minova has been sold to an investment firm in a deal worth $180 million.
Firm: Gilbert + Tobin (Orica)
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.
