STRACON GyM: Management LBO
USD 77 MM management leveraged buyout of STRACON GyM
In March 2018, STRACON S.A.C., a special purpose vehicle established by STRACON GyM’s current CEO Steve Dixon and private equity fund Ashmore Group, announced it acquired an 87.59% stake in STRACON GyM, taking over full control of the company.
STRACON GyM is a leading world-class mining contractor with operations in Peru, Panama, Colombia and Mexico. The company specializes in providing integrated mining and construction services to open pit and underground operations including mine planning, earthworks, and development of tailings dams and leach pads.
The buyout was led by current CEO Steve Dixon in an effort to consolidate the business and allow the company to engage in new projects. The transaction involved a capital injection from Ashmore and Steve Dixon and a syndicated financing provided by BD Capital, Scotiabank and BCP.
EFIC Partners acted as financial advisor of Steve Dixon in all the stages of the transaction.