Orion Resource Partners sells further minority stake in Sweetwater Royalties
NEW YORK, April 8, 2024 /PRNewswire/ -- Orion Resource Partners LP ("Orion"), a global investment firm specializing in metals and materials, today announces the sale of a minority interest in Sweetwater Royalties ("Sweetwater" or the "Company"), a private industrial minerals royalty company, to a Canadian pension fund. In this transaction Orion has sold an 8% stake in Sweetwater for approximately $100 million, implying a ~$1.9 billion enterprise value for 100% of Sweetwater Royalties. Orion will retain a 67% majority ownership share in the asset, having sold a 25% stake to Ontario Teachers' Pension Plan in March last year for approximately $220 million.
- NEW YORK, April 8, 2024 /PRNewswire/ -- Orion Resource Partners LP ("Orion"), a global investment firm specializing in metals and materials, today announces the sale of a minority interest in Sweetwater Royalties ("Sweetwater" or the "Company"), a private industrial minerals royalty company, to a Canadian pension fund.
- In this transaction Orion has sold an 8% stake in Sweetwater for approximately $100 million, implying a ~$1.9 billion enterprise value for 100% of Sweetwater Royalties.
- Orion will retain a 67% majority ownership share in the asset, having sold a 25% stake to Ontario Teachers' Pension Plan in March last year for approximately $220 million.
- Oskar Lewnowski, Founder and Chief Executive Officer of Orion Resource Partners LP said: "This is an outstanding investment for Orion.