Deal Details
Sale to Orica Limited
Summary
Baird served as exclusive financial advisor to GroundProbe Pty Ltd. on this transaction
About
GroundProbe Pty Ltd. (“GroundProbe”), a portfolio company of Crescent Capital Partners Management Pty Ltd. (“Crescent Capital Partners”), has been acquired by Orica Limited (“Orica”) (ASX: ORI) for A$205 million.GroundProbe is a global market leader in the provision of critical monitoring and measurement technologies for the mining sector. GroundProbe’s radar and laser based monitoring systems, combined with advanced processing and analytic software, provide mining customers with geotechnical slope stability monitoring for improved mine productivity and safety. GroundProbe is based in Brisbane, Australia and employs approximately 175 people worldwide.
Crescent Capital Partners is a Sydney-based private equity firm investing in middle market companies located in Australia and New Zealand with enterprise values between A$50 million and A$300 million. Crescent Capital Partners’ investment focus is on high growth companies and sectors, or in industries that are undergoing structural change or that lend themselves to consolidation.
Orica is the global leader in mining and civil services and the world’s largest provider of commercial explosives and innovative blasting systems to the mining, quarrying, oil and gas and construction markets. Founded in 1874, Orica has a diverse workforce of more than 11,500 employees and services customers across more than 100 countries. Orica is based in East Melbourne, Australia.
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- Date
- January 2018
- Company
- GroundProbe Pty Ltd.
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- Other
- Acquiror Geography
- Other
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