Marcos Quiroz
EFIC Partners
Stracon GyM
Deal Type
Buy out
Sector
Energy & Sustainability
Completion Date
28th March 2018
Deal Value
$115.5m
Company Background
Stracon GyM is a leading world-class mining contractor with operations in Peru, Panama, Colombia and Mexico. The company specializes in providing integrated mining and construction services to open pit and underground operations including mine planning, earthworks, and development of tailings dams and leach pads.
Deal Summary
Stracon S.A.C., a special purpose vehicle established by Stracon GyM’s current CEO Steve Dixon and private equity fund Ashmore Group, announced the acquisition of 87.59% stake in Stracon GyM, through a management Buyout.
The buyout was led by current CEO Steve Dixon in an effort to consolidate the business; that will allow the company to engage in new projects. The transaction involved a capital injection from Ashmore and Steve Dixon and a syndicated financing provided by BD Capital, Scotiabank and BCP.
EFIC Partners acted as financial advisor of Steve Dixon in all the stages of the transaction.
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