{"id":8465,"date":"2023-09-25T07:55:06","date_gmt":"2023-09-24T21:55:06","guid":{"rendered":"https:\/\/yinghuiinternational.com\/?p=8465"},"modified":"2023-09-30T07:56:06","modified_gmt":"2023-09-29T21:56:06","slug":"resource-capital-funds-to-sell-ausenco","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2023\/09\/25\/resource-capital-funds-to-sell-ausenco\/","title":{"rendered":"Resource Capital Funds to sell Ausenco"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<p class=\"wp-block-paragraph\"><img loading=\"lazy\" decoding=\"async\" height=\"50\" width=\"50\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/b5e08ee8debb849ef78b8c99b82ea005?s=100&amp;d=mm&amp;r=g 2x\" src=\"https:\/\/secure.gravatar.com\/avatar\/b5e08ee8debb849ef78b8c99b82ea005?s=50&amp;d=mm&amp;r=g\" alt=\"\"><a href=\"https:\/\/www.australianmining.com.au\/author\/oliviathomson\/\">OLIVIA THOMSON<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.australianmining.com.au\/wp-content\/uploads\/2023\/02\/shutterstock_679194760-1024x439.jpg\" alt=\"partnership, board, change, mining\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Private equity firm Resource Capital Funds (RCF) has announced the selling of Ausenco, a multinational engineering company, to three key US investment firms.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The three firms \u2013&nbsp;<a href=\"https:\/\/www.eldridge.com\/\">Eldridge<\/a>,&nbsp;<a href=\"https:\/\/brightstarcp.com\/\">Brightstar Capital Partners<\/a>, and&nbsp;<a href=\"https:\/\/www.weforum.org\/organizations\/claure-capital\">Claure Group<\/a>&nbsp;\u2013 will acquire Ausenco for approximately $US578 million ($900 million).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Resource Capital Fund VI (RCF VI), RCF\u2019s fund that owns Ausenco, first&nbsp;<a href=\"https:\/\/www.australianmining.com.au\/resource-capital-fund-to-acquire-ausenco\/\" target=\"_blank\" rel=\"noreferrer noopener\">acquired<\/a>&nbsp;the company in 2016 for $153.7 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to RCF, Ausenco has focused on delivering copper for the energy transition and constructing four major copper concentrators while under RCF VI\u2019s ownership.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThese include&nbsp;<a href=\"https:\/\/www.bhp.com\/what-we-do\/global-locations\/australia\/south-australia\/carrapateena\">Carrapateena<\/a>, representing one of the largest copper reserves in Australia, Constancia and Mina Justa in Peru and Mantoverde in Chile, still under construction, for a combined annual copper capacity of more than 400,000 tonnes,\u201d the firm said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIn addition to copper, Ausenco has grown capabilities in sustainability, lithium and operational performance. Ausenco now has more than 3000 employees, up almost 1600 employees since RCF privatised the business in 2016.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The transaction is expected to close in late 2023, subject to satisfaction of customary closing conditions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe extend our heartfelt gratitude to the Ausenco team, whose dedication and unwavering commitment have been the driving force behind its success during our ownership\u2026 This is a fantastic outcome for all parties involved, and we wish Ausenco continued success,\u201d Resource Capital Funds managing partner James McClements said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">RCF head of private equity Martin Valdes said this transaction is a \u201cnatural step\u201d that will mark \u201cthe next chapter in Ausenco\u2019s journey\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe decision to sell Ausenco was made after careful consideration, with the belief that this transition will allow the company to further expand its reach and make an even greater impact in the growing engineering sector,\u201d he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cOur relationship will continue as like-minded collaborators to deliver the necessary commodities to support the energy transition.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OLIVIA THOMSON Private equity firm Resource Capital Funds (RCF) has announced the selling of Ausenco, a multinational engineering company, to three key US investment firms. The three firms \u2013&nbsp;Eldridge,&nbsp;Brightstar Capital Partners, and&nbsp;Claure Group&nbsp;\u2013 will acquire Ausenco for approximately $US578 million ($900 million). Resource Capital Fund VI (RCF VI), RCF\u2019s fund that owns Ausenco, first&nbsp;acquired&nbsp;the company &hellip; <a href=\"https:\/\/yinghuiinternational.com\/index.php\/2023\/09\/25\/resource-capital-funds-to-sell-ausenco\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Resource Capital Funds to sell Ausenco&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[206,7],"tags":[],"class_list":["post-8465","post","type-post","status-publish","format-standard","hentry","category-goldcopper","category-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-2cx","jetpack-related-posts":[{"id":2672,"url":"https:\/\/yinghuiinternational.com\/index.php\/2018\/03\/15\/australian-economy-mining-investment-beyond-the-boom\/","url_meta":{"origin":8465,"position":0},"title":"Australian Economy Mining Investment Beyond the Boom","author":"yinghui","date":"March 15, 2018","format":false,"excerpt":"Bulletin \u2013 March 2018 Australian Economy Mining Investment Beyond the Boom 15 March 2018 Keaton Jenner, Aaron Walker, Cathie Close and Trent Saunders[*] mining resources sector investment capex Photo: Cuhrig \u2013 Getty Images Abstract With the construction phase of Australia's mining boom largely complete, this article investigates the outlook for\u2026","rel":"","context":"In &quot;2020&quot;","block_context":{"text":"2020","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/2020\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8224,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/06\/20\/true-north-copper-begins-asx-trading\/","url_meta":{"origin":8465,"position":1},"title":"True North Copper begins ASX trading","author":"yinghui","date":"June 20, 2023","format":false,"excerpt":"OLIVIA THOMSON Australian near-term copper producer True North Copper will commence trading on the Australian Securities Exchange (ASX) as of today. The news arrives as Truth North Copper\u2019s (TNC)\u00a0merger\u00a0with Duke Exploration was\u00a0completed\u00a0June 7 2023, after being\u00a0first announced\u00a0February 28 2023. Prior to its listing, TNC completed an underwritten capital raising, and\u2026","rel":"","context":"In &quot;Gold and Copper&quot;","block_context":{"text":"Gold and Copper","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/goldcopper\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9032,"url":"https:\/\/yinghuiinternational.com\/index.php\/2025\/11\/13\/a-stellar-investment-tasmania-tin-project-gets-strong-support\/","url_meta":{"origin":8465,"position":2},"title":"A Stellar investment: Tasmania tin project gets \u2018strong support\u2019","author":"yinghui","date":"November 13, 2025","format":false,"excerpt":"by\u00a0Staff Writer Image: RHJPhtotos\/shutterstock.com \u00a0 Share on FacebookShare on Twitter Stellar Resources has successfully raised millions to advance its flagship Heemskirk Tin Project in Tasmania. The company received commitments for approximately 409 million shares at an issue price of $0.022 per share, for a total of $9 million, per a\u00a0company\u2026","rel":"","context":"In &quot;Clients&quot;","block_context":{"text":"Clients","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/clients\/"},"img":{"alt_text":"Image: RHJPhtotos\/shutterstock.com \u00a0","src":"https:\/\/i0.wp.com\/miningmagazine.com.au\/wp-content\/uploads\/2024\/10\/shutterstock_1440487460-750x500.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/miningmagazine.com.au\/wp-content\/uploads\/2024\/10\/shutterstock_1440487460-750x500.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/miningmagazine.com.au\/wp-content\/uploads\/2024\/10\/shutterstock_1440487460-750x500.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/miningmagazine.com.au\/wp-content\/uploads\/2024\/10\/shutterstock_1440487460-750x500.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":545,"url":"https:\/\/yinghuiinternational.com\/index.php\/2014\/11\/12\/iron-ore-race-to-the-bottom-not-in-the-interests-of-australians\/","url_meta":{"origin":8465,"position":3},"title":"Iron ore race to the bottom not in the interests of Australians","author":"yinghui","date":"November 12, 2014","format":false,"excerpt":"The world\u2019s biggest iron ore producer, Vale, has announced its intention to expand production despite a falling price. This follows similar announcements by Rio Tinto and BHP. This expansion in production by the three largest iron ore exporters in the world, accounting for over 60% of the market, is puzzling\u2026","rel":"","context":"In &quot;Mines and Quarry&quot;","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8253,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/06\/05\/the-evolution-of-ernest-henry\/","url_meta":{"origin":8465,"position":4},"title":"The Evolution of Ernest Henry","author":"yinghui","date":"June 5, 2023","format":false,"excerpt":"TOM PARKER The Ernest Henry operation. Image: Evolution Evolution Mining has doubled the copper and gold reserves and extended the mine life to 2040 since it\u00a0purchased the Ernest Henry mine\u00a0outright in January 2022. The completion of Ernest Henry\u2019s mine-extension pre-feasibility study (PFS) \u2013 announced on Monday \u2013 has seen the\u2026","rel":"","context":"In &quot;Clients&quot;","block_context":{"text":"Clients","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/clients\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2290,"url":"https:\/\/yinghuiinternational.com\/index.php\/2017\/03\/27\/one-belt-one-road-initiative-episode-one\/","url_meta":{"origin":8465,"position":5},"title":"One-Belt One-Road initiative: episode one","author":"yinghui","date":"March 27, 2017","format":false,"excerpt":"China\u2019s One-Belt One-Road initiative (OBOR1) is the core element in the nation\u2019s Eurasian foreign policy. This edition of Prospects will discuss OBOR from a high level perspective. A subsequent episode will build on this foundation to define what this ambitious initiative might mean for our portfolio of commodities in the\u2026","rel":"","context":"In &quot;Mines and Quarry&quot;","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"One-Belt One-Road","src":"https:\/\/i0.wp.com\/www.bhpbilliton.com\/-\/media\/images\/2017-prospects\/170324_onebeltoneroadvideo.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.bhpbilliton.com\/-\/media\/images\/2017-prospects\/170324_onebeltoneroadvideo.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.bhpbilliton.com\/-\/media\/images\/2017-prospects\/170324_onebeltoneroadvideo.jpg?resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/8465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/comments?post=8465"}],"version-history":[{"count":1,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/8465\/revisions"}],"predecessor-version":[{"id":8466,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/8465\/revisions\/8466"}],"wp:attachment":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/media?parent=8465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/categories?post=8465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/tags?post=8465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}