HCF International Advisers (formerly Hatch Corporate Finance) initiates management buyout and appoints new CEO
January 31, 2011
Hatch Corporate Finance Limited has changed its name to HCF International Advisers Limited (HCF International Advisers) following the implementation of a management buyout of its majority shareholder, Hatch Associates Ltd, part of the global Hatch Group. The buyout process started in October 2010 and is expected to be completed by June 2011.
Following the completion of the management buyout, HCF International Advisers will operate as an independent entity but will continue to have a formal affiliation with the Hatch Group. Kurt Strobele, Chairman and CEO of Hatch Group comments, “This affiliation will enable both parties to continue to build on the strong relationship which has been developed and to benefit from the strengths each party brings—the Hatch Group’s technical expertise within the metals and mining sector and HCF International Advisers’ investment banking expertise and its particular expertise in project finance.”
HCF International Advisers is a leading independent financial adviser which specializes in the provision of strategic advice, M&A execution services, project finance and debt and equity advisory services to the mining, metals, steel and related industries. The team is recognized for its in-depth knowledge of these sectors and its successful track record in developing innovative solutions and providing independent and value added advice to its clients. HCF International Advisers will continue to draw upon Hatch’s extensive global presence to bring a unique combination of technical, financial and strategic services to our clients.
HCF International Advisers is also pleased to announce the appointment of Jim McBurney as Chief Executive Officer. Jim has over 20 years of experience in the investment banking industry within the natural resources sector at Goldman Sachs, Merrill Lynch and Bank of America.
HCF International Advisers has a strong track record in delivering shareholder value to clients. Since its inception, it has successfully completed over 25 transactions with a total value in excess of US$10bn. Recent successes include the US$710m financing of SNIM to expand its Guelb el Rhein, iron ore mine. The transaction represented the largest ever financing in Mauritania and was completed during a period of unprecedented turmoil in the global financial markets. HCF International Advisers is currently acting as sole financial adviser to Ivanhoe Mines in the raising of project finance for the Oyu Tolgoi Mine in Mongolia, the largest undeveloped copper-gold project in the world, with reserves in excess of 40bn lb copper and 20mn oz of gold.
HCF International Advisers Limited is authorized and regulated by the UK Financial Services Authority.