Omar Davis Partners for M&A Revival with Former Anglo CEO
Deal News | Jan 13, 2025 | EIN
Veteran mining banker Omar Davis and former Anglo American CEO Mark Cutifani have teamed up to establish Odin Partnership, a London-based merchant bank. With a focus on capturing the revival in dealmaking within the mining sector, they aim to navigate the industry's complexities in resource constraints and energy transitions. The firm's creation coincides with renewed M&A interest among major global mining firms, including Anglo American and Rio Tinto. Odin, with its team of experienced bankers and industry veterans, seeks to provide advisory services across the entire value chain. It plans to expand beyond mining into sectors like healthcare and technology, leveraging its dual expertise in banking and operations.
Sectors
- Mining & Commodities
- Investment Banking & Private Equity
- Energy Transition
Geography
- United Kingdom – Odin Partnership is based in London, which serves as a hub for its operations and advisory services.
- Global – The mining industry's M&A activities are of global significance, with businesses and investments spanning multiple continents.
Industry
- Mining & Commodities – The article focuses on the mining industry's resurgence in M&A activities and the role of Odin Partnership in facilitating deals.
- Investment Banking & Private Equity – Odin Partnership is a merchant bank formed to capture M&A opportunities, indicating relevance to financial services.
- Energy Transition – Odin's strategy includes helping industries navigate the transition towards more sustainable energy solutions.
Financials
- $42-billion – Takeover approach that Anglo American fended off from BHP Group.
- $6.7-billion – The price Rio Tinto agreed to pay for Arcadium Lithium.
- $3.3-trillion – Global M&A volume for the last year, according to Bloomberg.
- $5.3-trillion – Peak global M&A volume reached in 2021.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Omar Davis | Co-Founder | People | Veteran mining banker who previously served as global head of mining at Bank of America. |
| Mark Cutifani | Co-Founder | People | Former CEO of Anglo American with extensive experience in the mining sector. |
| Odin Partnership | Investment & Advisory Firm | Companies | A London-based merchant bank focused on M&A in the mining and resources sector. |
| Anvita Arora | Partner | People | Former co-head of Asia Pacific equity capital markets for Bank of America. |
| Keyvan Zolfaghari | Structured Equity Solutions Leader | People | Ex-Nomura Holdings banker overseeing Odin's structured equity solutions. |
| Anglo American | Company mentioned in context | Companies | A major mining company previously led by Mark Cutifani. |
| Glencore | Company mentioned in context | Companies | A global mining and commodity trading company involved in M&A activities. |
| Rio Tinto | Company mentioned in context | Companies | A multinational mining corporation engaging in major transactions. |
| BHP Group | Company mentioned in context | Companies | A leading global resources company involved in a large takeover attempt. |
| IntelliSense.io | Investment | Companies | Provider of artificial intelligence software for metal producers, invested in by Odin. |