IJGlobal awarded Conyers Dill & Pearman the Africa M&A deal award for our work on the takeover of Sierra Rutile.
Conyers advised Iluka Resources on its takeover of Sierra Rutile, an AIM-listed BVI company with mineral sands mining operations in Sierra Leone. Anton Goldstein, of Conyers’ BVI office, was the lead partner on the transaction. Associates, Jien Huei Foo and Ronnie Yearwood also worked on the transaction, alongside Ashurst.
The acquisition, which was valued at approximately A$375 million (GBP 215 million), was implemented by way of a BVI statutory merger resulting in Sierra Rutile becoming a wholly owned subsidiary of Iluka.
“We are pleased to be recognised by IJGlobal”, said Anton Goldstein. “This award underscores Conyers’ leading position in advising on takeovers of BVI listed companies, having advised on eight of the last nine such transactions”.
IJGlobal is a leading journal that provides access to data, news, insights and analysis on project finance and infrastructure. Held annually, the IJGlobal Awards recognise outstanding transactions and institutions from the world of energy and infrastructure.