Verny Capital Sells RG Gold to Zijin Gold International
Deal News | Jun 30, 2025 | PR Newswire Cision Verny Capital LLP
Verny Capital Group, a prominent private equity firm, signed an agreement to sell RG Gold, a gold mining company it has managed since 2014. The decision comes after years of development, which included infrastructure establishment, modernization programs, and significant investments in equipment and geological exploration. Strategic partner, Resource Capital Funds (RCF), played a pivotal role in enhancing RG Gold’s production capacity. The sale was made to Zijin Gold International, a subsidiary of Zijin Mining Group Co. Ltd., one of the world’s largest mining corporations. The transaction reflects Verny Capital’s business model of developing an asset and exiting under optimal market conditions, signaling a new chapter as Zijin plans to input global best practices and create new jobs in the Kazakh market. Key advisors for the sale were J.P. Morgan Securities plc, BMO Capital Markets, and Herbert Smith Freehills.
Sectors
- Mining & Metals
- Private Equity & Investment Management
Geography
- Kazakhstan – The article discusses the sale of a Kazakhstani company, RG Gold, marking it significant within the country's mining and economic context.
- China – Zijin Gold International, the purchasing entity, is a subsidiary of China-based Zijin Mining Group, highlighting international engagement and investment.
- United States – Resource Capital Funds (RCF), a strategic partner in RG Gold's development, is based in the United States, showcasing cross-border investment strategies.
Industry
- Mining & Metals – The article centers around the sale and management of a gold mining company, RG Gold, and involves major players in the mining industry such as Zijin Mining Group.
- Private Equity & Investment Management – Verny Capital, a private equity firm, is involved in the transaction, reflecting private equity strategies in asset management and divestments.
Financials
- 7.6 million ounces – The expanded resource base of RG Gold as per the JORC standard after development efforts.
- 160,000 million tenge – Cumulative contribution of RG Gold to Kazakhstan’s state budget.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Verny Capital Group | Selling Company | Company | A private equity firm that has managed RG Gold since 2014 and is now divesting the asset. |
| RG Gold | Target Company | Company | A gold mining company in Kazakhstan that is being sold to Zijin Gold International. |
| Zijin Gold International | Bidding Company/Buyer | Company | A subsidiary of Zijin Mining Group Co. Ltd., undertaking the purchase of RG Gold. |
| Zijin Mining Group Co. Ltd. | Other Company | Company | One of the largest mining corporations globally, focusing on various metals and acquiring RG Gold through its subsidiary. |
| Resource Capital Funds (RCF) | Strategic Partner | Company | A U.S.-based private equity fund that partnered with Verny Capital to enhance RG Gold's operations. |
| J.P. Morgan Securities plc | Financial Advisor | Company | Served as an advisory firm in the transaction for both Verny Capital and RCF. |
| BMO Capital Markets | Financial Advisor | Company | One of the leading investment banks advising Verny Capital in the sale. |
| Herbert Smith Freehills | Legal Advisor | Company | Provided legal advisory services in the transaction for RG Gold's sale. |