BREAL Zeta supports Aurelius in its acquisition of Minova with an AUD$97m funding facility
BREAL Zeta has structured an AUD$97m senior debt facility to support European investment company Aurelius with its acquisition of Minova.
The comprehensive hybrid funding package, which comprised asset-based lending and cashflow term loan facilities, is also being used to partially finance the purchase price.
This was a complex global carve-out transaction, with the business being spun out from Orica Limited, the large Australia-based multinational provider of commercial explosives and blasting systems. Minova is a global manufacturer and supplier of safety equipment and ground support to mining, construction and infrastructure sectors.
BREAL Zeta is providing funding for its businesses in the UK, Australia, Poland, US & Canada.
BREAL Zeta was advised by PwC (pre-lend review), Hilco Valuation Services (collateral due diligence) and Crowell and Moring (legal). Aurelius was advised by Norton Rose (legal).