PERTH – Private equity firm Resource Capital Funds has announced plans to sell global engineering firm Ausenco to US investment firms Eldridge, Brightstar Capital Partners and Claure Group, in a deal valued at an estimated $578-million.
RCF said in a statement on Friday that the firm was immensely proud of the transformation and progress Ausenco has achieved during its ownership.During RCF’s ownership, Ausenco has focused on delivering copper for the energy transition, constructing four major copper concentrators.
“We believe our investment in Ausenco clearly displays the strength and differentiation of our investment strategy, which selectively seeks long-term investments in mining businesses we can help grow, while generating strong and consistent returns along the way,” RCF managing partner James McClements said.