Introducing Denham Capital, the soon-to-be majority shareholder of Alphamin in the DRC ($25m)
The US private equity firm is increasing its stake via its subsidiary Tremont Master Holdings in Alphamin, a listed company which operates the Bisie tin mine in North Kivu Province, through a debt-for-equity swap.
Someone shares this article with you
▪ Introducing Denham Capital, the soon-to-be majority shareholder of Alphamin in the DRC ($25m)
▪ The US private equity firm is increasing its stake via its subsidiary Tremont Master Holdings in Alphamin, a listed company which operates the Bisie tin mine in North Kivu Province, through a debt-for-equity swap.
▪ https://www.africabusinessplus.com/en/804283/qui-est-denham-capital-en-passe-de-prendre-la-majorite-dalphamin-en-rdc-25-millions/
The Mauritian domiciled investment holding company Tremont Master Holdings, founded by the Texas-based private equity heavyweight Denham Capital, is set to secure itself a controlling interest in Alphamin, in which it currently holds a 48.6% stake, following an upcoming $35m capital increase. The purpose of the capital increase, made off-market through a private placement with creditors, is to reduce the mining company’s debt, which stands at $98m, by $31m (i.e., around 30%) and to postpone immediately payable debt. In addition, it will also lower the interest rates on the debt.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
Renewable energies
22/03/2023 at 17h57, by Africa Business+
El Sewedy to replace Bharat Heavy Electricals in Infraco Africa/Neo Themis solar farm in Chad
The AfDB, Proparco and EAIF are financing the first tranche of this 60 MWC project, Djermaya, for €36...
Mines
08/03/2022 at 19h09, by Gaëlle Arenson
DR Congo: Alphamin achieves “green” exporter status – invests $17 million in exploration
After several years of waiting, Alphamin Bisie Mining (ABM), the 84%-owned subsidiary of Canadian Alphamin...
Mines
12/03/2021 at 17h46, by Africa Business+, updated 15/03/2021
DR Congo: Alphamin invests $5 million to boost production amid tin recovery
The mining company’s operations in North Kivu saw sales drop in the last quarter due to heavy rains...
Industry
09/11/2020 at 19h34, by Gaëlle Arenson
The Orgaman Group assets still managed by Jean Claude Damseaux
Jeune Afrique Business+ investigates the companies untouched by the liquidation proceedings initiated...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.