Topland Group, one of the largest privately-owned international investment groups, and Barclays Natural Resource Investments ('BNRI'), a global private equity business focused on natural resources investment opportunities, have formed a strategic partnership to co-invest in the natural resources sector.
Topland has initially committed to co-invest in nine existing BNRI portfolio companies for which the total equity commitment will be US $660 million (approx. 493.5 million) across a broad range of natural resource sub-sectors oil & gas, metals & mining, and power (including renewables). The co-investment takes the form of an equity funding commitment to support pre-agreed business plans alongside BNRI and the management teams of the portfolio companies. The partnership also allows for Topland to co-invest in future transactions which BNRI sources and executes over the next five years.
Tom Betts, Director of Structured Finance at Topland, said: "This investment, which comes only a few months after the group's investment into solar energy in the UK, further demonstrates Topland's appetite for investment in attractive opportunities in the natural resources sector. With BNRI's outstanding track record, skills and understanding of the sector, we intend to achieve quality long-term returns from this strategic partnership."
Mark Brown, Managing Director and Head of BNRI said: "We are delighted to be working in partnership with Topland who are committed to investment in the natural resources sector, and who fully endorse BNRI's ability to generate superior risk-adjusted returns. We look forward to developing a profitable and long-term relationship together."
Source: MJ2 Limited