Regal Partners buys stake in Taurus
Alternatives investment manager Regal Partners on Wednesday announced an agreement to buy 50% of the issued ordinary shares of Taurus SM Holdings, a provider of financing solutions to midtier and junior mining companies.
Headquartered in Sydney, Taurus currently manages $2.3-billion in committed and drawn capital from its client base of predominantly US institutional investors and pension funds.
The acquisition will further expand Regal’s existing capabilities across alternative investment strategies, specifically in credit and resources royalties.
On completion, Regal Partners’ group funds under management will increase to $8-billion on a proforma basis.
Regal Partners CEO Brendan O’Connor said Taurus represented an exciting opportunity to expand its investment capabilities across the global resources sector.
“The founders of Taurus have built a highly experienced 23-person team, with a strong performance track record and proven fund-raising capability across blue-chip, US-based institutional investors.
“While the Taurus funds will continue to operate under the management of its existing investment team, we look forward to exploring possible ways to collaborate in the future, leveraging the extensive networks and deal origination pipelines across both businesses,” he said.
Regal Partners will acquire the 50% interest in Taurus for $28-billion in cash upfront, plus net debt and working capital adjustments, as well as a deferred continent consideration equal to 25% of the aftertax share of any future carry that would have been received by FinStrat with respect to certain funds had it remained a shareholder of Taurus.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...
VISIT SHOWROOM
For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
