Introducing Denham Capital, the soon-to-be majority shareholder of Alphamin in the DRC ($25m)

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.