JORDAN MAGNESIA COMPANY
- In 2016, Capital Investments served as the exclusive financial advisor to Jordan Magnesia Company (JorMag) in its efforts to sell off 100 percent of its share capital. After conducting due diligence and developing a strategy that would maximize the company’s value, Capital Investments conducted the sales process through a competitive international auction involving more than 45 investors from across the globe.
- JorMag was successfully acquired by Manaseer Group for a total of USD12.5 million, on a cash-free, debt-free basis. With this acquisition, Manaseer Group was able to rehabilitate the company’s plant and officially commence operations for the first time ever. As a result, this landmark deal continues to play a significant role in strengthening the national economy and creating vital jobs for local communities.