13 04 2016

EMR Capital and Farallon Capital & partners acquires Martabe Mine from G-Resources Group for $775 Million

Clayton Utz has acted for a consortium comprising EMR Capital and Farallon Capital & partners on its US$775 million acquisition of a 95% stake in Indonesia's Martabe Mine, from HK-listed G-Resources Group Limited.


EMR Capital Pty Ltd is a private equity firm specializing in investments in in listed and unlisted resource companies with iron ore, coal, potash, coking coal, copper or gold projects and mining at various stages of development. The firm, led by Jason Chang, Owen Leigh Hegarty, Aaron Hood, Richard Crookes and Robert Curtis, is based in Melbourne. Farallon Capital Management, LLC is an employee owned investment manager. It provides its services to pooled investment vehicles and institutions such as endowments, foundations and charitable organizations. The firm, led by Andrew James McLean Spokes, Gregory Siemon Swart, Mark Christopher Wehrly, Michael B. Fisch and Rajiv Anant Patel, is based in San Francisco. The Martabe Mine is a major producing gold and silver mines in Asia and was the main asset of G-Resources Group Limited prior to this transaction. As lead legal counsel to the consortium, Clayton Utz provided strategic and deal structuring advice, led negotiations with the vendor on the transaction documentation, and co-ordinated input from foreign legal counsel and other advisors to the consortium. The transaction involved complex cross-border negotiations, which spanned more than 24 months, among a number of stakeholders, including the vendor, the consortium, mezzanine lenders and senior debt providers.   The transaction was recently approved by shareholders of G-Resources Group Limited in Hong Kong Clayton Utz senior corporate adviser Rod Lyle (Picture) and partner John Brewster led the Clayton Utz deal team, which included lawyer Aimee Nguyen. Involved fees earner: Roderick Lyle - Clayton Utz; John Brewster - Clayton Utz; Aimee Nguyen - Clayton Utz;

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