Boutique Investment Banking & Strategy Consulting Firm LCC Asia Pacific today released its latest weekly market update covering the Australian Engineering, Mining Services and Services Technology Sector. This week’s Edition is 405.
Of particular note in the Engineering, Contracting & Services Sector, Nicholas Assef, LCC’s Principal & Founder, noted :
“The last week has seen a number of interesting developments in sector on both an M & A and a commercial activities basis.”
“We are expecting that it will be a very busy 12 months of deal activity in the sector – both in Australia and in markets such as South America, Africa and certain parts of Asia”
Of last week’s news CIMIC Group announced an off market takeover bid for the remaining shares in Devine it does not own, and Western Australian Private Equity Fund Viburnum has made an investment in mining data management solution player MaxMine. We are also seeing increasing focus in the wear parts / consumables sector where LCC Asia Pacific has extensive expertise and experience.
Mining consumable robustness are becoming even more of a focus as the push for ore output and mining operation optimisation continue. During the week LCC Asia Pacific has also started 2 sell side processes for leading players in the mining consumables space – one specialising in underground hard rock mining and the other in Large Volume GET Attachments, Draglines Large Buckets and associated consumables. Both deals are anticipated as being concluded before the end of 2021.
LCC Asia Pacific is a boutique investment banking firm that provides strategic advice to its clients on growth initiatives – both through acquisition and via organic means. LCC has full service offices in Sydney and Brisbane, with representative offices in Mackay Queensland and also in New York which reflects the Firm’s commitment to international cross border mergers & acquisitions strategies.
LCC specialises in a number of key sectors, including Industrial & Technology Services, Engineering & Contracting, Renewables, Resources & Heavy Industrials. Research & Market Update Reports are provided regularly across a number of these Sectors, including being distributed via global platforms including Reuters, Bloomberg & Standard & Poors. LCC Asia Pacific has a long history of working successfully on both Australian and Cross Border assignments with corporates, financial sponsors and public sector organisations.