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Oakley Capital Corporate Finance (”Oakley”) has advised on and originated a $110m fundraising for the African Minerals Exploration and Development Holdings fund (“AMED”). The fundraising is the first by AMED, which was created by highly experienced executives from the mining industry seeking to develop and exploit newly identified mineral deposits in Africa. The capital raising process for the AMED fund was run by Palmer Capital (“Palmer”), the Oakley Capital Limited fundraising business. Chris Godsmark and Daniel Havercroft at Oakley worked on the deal from the outset.
Chris Godsmark, joint Managing Partner at Oakley, said, "Oakley originated this minerals fund management group through a relationship with a successful and highly experienced management team with a background in previous mining activities. We believe AMED will become one of the leading global mineral exploration funds and will provide its investors with exposure to the long term growth in global demand for industrial minerals such as nickel, iron ore, platinum, fluorspar, rare earth and gold.”
The AMED deal is another example of Oakley’s fundraising capability. It takes the total value of deals and mandates completed since the formation of Oakley in late 2007 to more than £2.2bn.
For further information please contact:
Oakley Capital Corporate Finance
(020) 7766 6900
Notes to editors:
Oakley Capital Corporate Finance (“Oakley”) is a mid-market corporate finance business which provides advice to quoted and private companies. We are also particularly active in the fundraising market, where we work with many leading investment institutions and, alongside Palmer, with global family offices to develop deal opportunities. We also offer Corporate Broking advice to UK listed businesses on a retained basis.