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Armada Metals explores ASX listing, mandates brokers


Armada Metals explores ASX listing, mandates brokers
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Metals explorer Armada Metals is ramping up preparations for life on the ASX boards, mandating PAC Partners and Canaccord Genuity to oversee its initial public offering.
Armada Metals is expected to seek to raise $10 million in the post reporting season floats rush, with funds raised to go towards trying to discover commodities in under-explored parts of Africa.
Armada Metals Ltd is preparing to drill a multi-target project looking for nickel and copper sulphides in Gabon.  
Paul Jones
Pre-existing investors Cobre Ltd and Metal Tiger, both listed on the ASX, are expected to maintain or increase their stakes, along with mining-focused investment house Resource Capital Funds. ....

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Watch CVC's Exit of U.S. Direct Lending Business for Market Softness


June 8, 2021
CVC Capital’s announced plans to exit its U.S. middle market direct lending arm comes as a bit of a surprise. The deal sees nine CVC investment managers running $1 billion in mostly unitranche and first lien loans move to
Sound Point Capital Management. Private equity has bulked up alternative asset management products to diversify outside of buyouts, prompting me to wonder why CVC would want to get leaner?
For its part, CVC says the
asset sale isn’t part of a broader retreat from direct loans. The firm is keeping its European direct lending platform, where the European-based and focused private equity fund sees the most synergies with its buyout strategies. CVC also notes that the biggest part of its credit portfolio, performing credit, remains untouched by the transaction. ....

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