Appian Capital Completes $420M Sale of Brazilian Copper Mine
Deal News | Apr 07, 2025 | Carey Olsen
Appian Capital Advisory has successfully completed the sale of the MVV Brazilian copper mine to Baiyin for $420 million. Acquired by Appian in 2018, MVV has grown from a modest operation with ten employees to a thriving enterprise employing over 1,050 people as of the recent sale. The mine began production in May 2021 and has since established a strong operational and financial performance, producing 18.3 kilotons of copper and 8.2 kilotons of gold last year, creating an EBITDA of $83.9 million from $184.4 million of revenue. Carey Olsen's Jersey corporate team, led by partner Robert Milner, advised on the corporate, regulatory, and financing facets of this strategic transaction. The sale is indicative of Appian's potent investment portfolio, spanning both Fund I and Fund II stages, and showcases their investment acumen in the natural resources sector.
Sectors
- Natural Resources
- Corporate Finance
- Legal Advisory
Geography
- Brazil – The location of the MVV copper mine and where the primary business activities occurred.
- Jersey – The jurisdiction where Carey Olsen provided legal advice to Appian Capital, highlighting its role in the financial and regulatory aspects of the deal.
Industry
- Natural Resources – The article revolves around investment and operations in the natural resources sector, specifically focusing on the copper and gold mining industry.
- Corporate Finance – Involves managing the financial actions of the firm, including corporate, regulatory, and financing aspects of the transaction.
- Legal Advisory – Carey Olsen's role in advising Appian on legal matters pertinent to the transaction underscores the article's relevance to the legal advisory industry.
Financials
- $420 million – The sale price for the MVV copper mine.
- $83.9 million – The EBITDA generated by the MVV copper mine last year.
- $184.4 million – The revenue generated by the MVV copper mine last year.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Appian Capital Advisory | Seller | Company | An investment firm specializing in the natural resources industry, responsible for selling the MVV copper mine. |
| Baiyin | Buyer | Company | The acquiring company purchasing the MVV copper mine from Appian. |
| MVV | Target Company | Company | The Brazilian copper mine sold in the transaction, initially acquired by Appian in 2018. |
| Carey Olsen | Legal Advisor | Company | A legal advisory firm providing counsel on the corporate, regulatory, and financing aspects of the sale. |
| Robert Milner | Partner | Person | Partner at Carey Olsen, leading the team advising Appian on the transaction. |
| Arindam Madhuryya | Counsel | Person | Counsel at Carey Olsen, part of the team advising Appian. |
| Thomas Bulfin | Associate | Person | Associate at Carey Olsen, part of the team advising Appian. |