Denham Capital

Denham Capital has agreed to sell JDS Silver Holdings Ltd to Coeur Mining for a consideration of up to $250 million. The deal is expected to close before the end of October. Maxit Capital provided financial advice to JDS Silver. Based in British Columbia, JDS Silver is a mine development platform.

U.S. natural resources private equity firm Denham Capital has agreed to sell its interest in JDS Silver Holdings Ltd, including the company's high-grade silver-lead-zinc Silvertip mine, to Coeur Mining Inc (NYSE: CDE). The deal is valued at as much as US$250 million and is expected to wrap up in October. Denham a year ago invested US$65 million /canada/2016/9/denham-capital-strikes-65-mln-partnership-with-jds-silver/ in JDS Silver to help the Vancouver-based company construct and bring into production the Silvertip mine, which is located in northern British Columbia. The deal was Denham's first in the Canadian mining industry. Coeur Mining is a Chicago-based precious metals producer.

Rio Energy, a developer, owner and operator of renewable energy projects in Brazil, has secured $270 million in funding from the country's National Bank for Economic and Social Development. The capital infusion will be used to build eight wind farms in Serra da Babilônia Complex. Rio Energy is backed by Denham Capital.

Targa Resources Corp has agreed to acquire Outrigger Energy LLC's three midstream subsidiaries in the Permian Basin for a cash consideration of up to $1.5 billion. The deal is expected to close in the first quarter of this year. Citi is serving as exclusive financial adviser to Outrigger on the transaction. Outrigger is backed by Denham Capital.

Dallas-based Covey Park, an oil and gas exploration and production company, has acquired additional assets in the Haynesville/Bossier shale areas of East Texas and North Louisiana. No financial terms were disclosed. Covey Park is backed by Denham Capital.

U.S. resource private equity firm Denham Capital announced its partnership with JDS Silver Inc, a Vancouver-based mining company. Under the terms of the partnership, Denham provided US$65 million in funding to JDS Silver to complete construction and bring into production the Silvertip Mine in Northern British Columbia. The property, a high-grade silver-lead-zinc mine, has been under construction since late 2015 and is expected to begin production this month. Established in 2012, JDS Silver is led by CEO Jeff Stibbard. Denham said the company is its first investment in the Canadian mining industry.

Denham Capital has provided $65 million to JDS Silver Inc. Based in Vancouver, British Columbia, JDS Silver is a mine development platform.

Denham Capital made a $300 million investment in Midland, Texas-based Tall City Exploration II LLC. The new company, to be led by Michael Oestmann, will pursue oil and gas assets throughout the Permian Basin.

The recently launched Kinterra Critical Materials & Infrastructure Opportunities Fund II has already met its goal, a source told Buyouts, and is expected to close by year’s end.

'We went from everybody wants to have an ILPA template to everybody wants ILPA-plus,' Petra managing partner Stephen Coats told Buyouts.

Levine Leichtman expanded its European team by hiring Aqil Sohail as associate director and Zue Leong as senior associate.

Quinbrook Infrastructure Partners has made three hires to its Houston-based investment team. Joining the firm are Hank Jones as managing director; William Blake as vice president; and Dennis Mou as an associate.

The emerging markets specialist has suspended fundraising for its global fund and has released LPs from their commitments. What could this mean for the wider market?

Dallas-based Covey Park, an oil and gas exploration and production company, has acquired additional assets in the Haynesville shale area of North Louisiana from Chesapeake for $465 million. Covey Park funded a portion of the deal with additional equity commitments from Magnetar Capital, KKR, Triangle Peak Partners and existing backer Denham Capital. Wells Fargo provided financial advice to Covey Park on the transaction. And, Kirkland advised KKR on its financing for the Covey Park acquisition.

Nexif Energy, a portfolio company of Denham Capital, has acquired OneWind's late-stage development wind projects: Lincoln Gap in South Australia and Glen Innes in New South Wales. Also, Nexif has acquired OneWind's 32 percent stake in RPVD Development Pty Ltd, owner of the Walkaway II wind and solar projects in Western Australia. No financial terms were disclosed.

Covey Park Gas LLC, a subsidiary of Covey Park Energy LLC, has agreed to buy EP Energy Corp’s assets located in the Haynesville and Bossier shales. The total consideration to be paid is $420 million. The assets, primarily located in Louisiana’s DeSoto and Bossier Parishes, consist of approximately 52,933 gross (34,167 net) acres with Q4 2015 average production of 113 mmcf/d. Covey Park is backed by Denham Capital.