Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Technology & Services
MPC Kinetic Holdings Ltd (“MPC Kinetic”), a portfolio company of SCF Partners and Viburnum Funds, has entered into a binding agreement to sell its Kinetic Logging Services business (“MPK MT”) to Epiroc AB (“Epiroc” or the “Company”) for an undisclosed value. The transaction is subject to various regulatory approvals and customary closing conditions.
MPC Kinetic’s technology and services portfolio specializes in coal seam gas infrastructure, major cross-country pipelines and renewables projects. MPC Kinetic provides innovative and fit-for-purpose solutions to its clients throughout Australia, New Zealand and Thailand.
SCF Partners has supported entrepreneurs by providing equity capital and strategic growth assistance to build leading companies in the energy services and equipment industries around the world for over 30 years. SCF Partners is headquartered in Houston, Texas with additional investments administered through Calgary, Aberdeen and Singapore.
Viburnum Funds is a high conviction, active ownership investment manager of public and private equities targeting consistent absolute returns for high-net-worth individuals, family offices and institutional investors. Viburnum has offices located in Perth and Melbourne, Australia and Singapore.
MPK MT, provides mining-technology measurement services to build improved geological models that help mining companies increase productivity. Its flagship product is OreSightTM, a highly advanced solution that provides near real-time borehole assay data and grade information. The mining companies feed this data directly into their blast pad models, allowing them to make improved decisions on production and ore blending. MPK MT is based in Perth, Australia.
Epiroc develops and provides innovative and safe equipment, such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications to mining and infrastructure customers globally. The Company also offers world-class service and other aftermarket support as well as solutions for automation, digitalization and electrification. Epiroc is based in Stockholm, Sweden, had revenues of SEK 36 billion in 2020, and has 14,000 employees supporting customers in about 150 countries.
Through its strategic alliance, Baird partnered with Australia-based Gresham Advisory Partners (“Gresham”) on this transaction. Gresham, established in 1985, is the leading independent, Australian-owned advisory business. Gresham is focused on achieving superior financial outcomes for its clients and has a track record of advising on many of the largest and most complex transactions completed in the Australian marketplace. Gresham is headquartered in Sydney, Australia.
For additional information about this transaction, please contact: