Diamond deal for De Beers

AIM-listed miner Petra Diamonds has acquired a 75 per cent stake in Tanzania's Williamson diamond mine from Chevlot Holdings, a unit of De Beers, for US$10 million (£5.7 million).

Other Done Deals

  • AIM-listed miner Petra Diamonds has acquired a 75 per cent stake in Tanzania’s Williamson diamond mine from Chevlot Holdings, a unit of De Beers, for $10 million (£5.7 million)
  • US-based Meritage Funds has provided $22 million (£12.5 million) in funding for advertising company Miniweb
  • AAC Capital portfolio company Baarsma Wine Group Holdings, a wine distribution company, has acquired UK-based rival Armit
  • Cape has invested €10 million (£8 million) in dairy firm Fratelli Zappala, taking a minority stake in the business
  • German media group Bertelsmann’s arvato unit has acquired Spanish call centre business Qualytel Teleservices to enter the Spanish business service market
  • Magnesia Refratarios, a Brazilian producer of refractory products, has bought Germany’s LWB Refractories for €657 million (£528.4 million)
  • Global Media Exchange, a division of Ascent Media has acquired Silicon Valley-based inDplay, an online content licensing marketplace
  • Reliance Big Entertainment has acquired a majority stake in US-based Willow TV, an internet portal which screens major cricket events
  • Perini Corporation, a building, civil construction company, has completed the acquisition of Tutor-Saliba
  • Sandow Media has announced the acquisition of InSync, a watch enthusiast magazine, from World Publications

Deals in the pipeline

  • US-based construction and farm equipment maker Gehl, is to be acquired by its largest shareholder, Manitou for $450 million (£256 million)
  • Middle Kingdom Alliance Corporation has entered an agreement to merge with Pypo Digital Company
  • Cano Petroleum has agreed to sell its interest in Pantwist to Legacy Reserves for $42.7 million (£24.2 million)
  • A major shareholder in Daewoo Shipbuilding and Marine Engineering has said they have received four preliminary bids for a majority stake in the world’s third biggest shipbuilder

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

Related Topics

Mining