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BREAL DEALS. REAL ACHIEVEMENT.

Company: BREAL Zeta supports AURELIUS in its acquisition of Minova with an AUD$97m funding facility

Line Size: AUD$97m

Description: 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).