Mallesons Stephen Jaques has acted for a Chinese consortium (which includes Baiyin and the China Africa Development Fund) on a strategic investment in the ASX-listed Gold One International Limited, advised by Blake Dawson.
Gold One's assets are located in Southern Africa. The Chinese consortium is investing up to $250 million into Gold One and simultaneously making an off-market takeover offer. Gold One has a total anticipated enterprise value of $794 million.
Mallesons partner David Eliakim said: "This transaction is an excellent example of the growing interest which Chinese investors have in African resources. With our strong presence in Asia and close relationships with African law firms and advisors, we were well placed to assist the consortium on this significant investment."
The Blake Dawson team comprised Roger Davies (lead partner), Antonella Pacitti and Patrick Nicholas.