Cerberus Capital Management’s Acquisition of Cyanco Holding Corp.


Kirkland & Ellis represented Cyanco International, LLC on the deal

Cerberus Capital Management, L.P. has entered into an agreement to acquire Cyanco Holding Corp. from funds managed by Oaktree Capital Management, L.P. (“Oaktree”). Cyanco is the largest global producer of sodium cyanide, a critical input in the gold and silver mining industry. Terms of the transaction, which is subject to customary conditions to closing, were not disclosed.

For the past three decades, Cyanco has been a trusted partner to the gold and silver mining industry, providing leading technology, best-in-class service, and exceptional safety in the application of sodium cyanide for precious metals mining. The company currently has manufacturing facilities in Nevada and Texas and delivery terminals in Wyoming, Quebec, and Mexico, enabling Cyanco to efficiently and reliably deliver its products to customers throughout the Americas and around the world.

Established in 1992, Cerberus Capital Management, L.P. is a global leader in alternative investing with more than US $34 billion under management across complementary credit, private equity, and real estate strategies. From its headquarters in New York City and network of affiliate and advisory offices in the U.S., Europe, and Asia, Cerberus has the on-the-ground presence to invest in multiple asset classes globally.

Headquartered in Pearland, TX, Cyanco is the largest global producer of sodium cyanide with manufacturing facilities in Nevada and Texas serving customers in North America, Latin America, and Africa. Cyanco’s Applied Technology provides consulting services, laboratory support, and cyanide processing technologies to assist customers in optimizing their metal recoveries and sodium cyanide usage throughout the mine lifecycle. Cyanco prides itself on its commitment to safety, and is one of the original signatories to the International Cyanide Management Code (ICMC) and is represented on the Industry Advisory Group to the International Cyanide Management Institute. All of Cyanco’s facilities are ICMC certified.

The Kirkland team was led by corporate partner Hamed Meshki (Picture) and included associates Jennifer Yapp and Michael Chung; debt finance partners David Nemecek, Nisha Kanchanapoomi and associate Paul Rezvani; tax partner Russell Light and associate Alexandra Maravich; environmental transactional partner Sara Michaelchuck Webber and associate Michael Saretsky; international trade and national security partner Mario Mancuso and associates Joshua Thompson and Carolyn Schroll; real estate partner Roberto Miceli and associate Dustin Paige; labor partner Edward Holzwanger; executive compensation partners Michael Krasnovsky, Andy Barton and associate Galen Spielman; employee benefits partner Matthew Antinossi and associate Scott Vail; technology and intellectual property transactions partner Matthew Lovell; and antitrust partner Carla A.R. Hine and of counsel Donna Alberts Peel.

Involved fees earner: Hamed Meshki – Kirkland & Ellis; Jennifer Yapp – Kirkland & Ellis; Michael Chung – Kirkland & Ellis; David Nemecek – Kirkland & Ellis; Nisha Kanchanapoomi – Kirkland & Ellis; Paul Rezvani – Kirkland & Ellis; Russell Light – Kirkland & Ellis; Alexandra Maravich – Kirkland & Ellis; Sara Michaelchuck Webber – Kirkland & Ellis; Michael Saretsky – Kirkland & Ellis; Carla Hine – Kirkland & Ellis; Donna Alberts Peel – Kirkland & Ellis; Roberto Miceli – Kirkland & Ellis; Dustin Paige – Kirkland & Ellis; Edward Holzwanger – Kirkland & Ellis; Michael Krasnovsky – Kirkland & Ellis; Andy Barton – Kirkland & Ellis; Galen Spielman – Kirkland & Ellis; Matthew Antinossi – Kirkland & Ellis; Scott Vail – Kirkland & Ellis; Matthew Lovell – Kirkland & Ellis; Mario Mancuso – Kirkland & Ellis; Joshua Thompson – Kirkland & Ellis; Carolyn Schroll – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Cerberus Capital;

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Author: Ambrogio Visconti