Jamieson has advised the management team of Cyanco Holding Corp, the largest global producer of sodium cyanid, on the acquisition by a Cerberus Capital Management from funds managed by Oaktree Capital Management. Terms of the transaction are undisclosed.
Cyanco is the largest global producer of sodium cyanide, a critical input in the gold and silver mining industry. Cyanco will continue to be led by its current management team. As part of its investment, Cerberus will be putting in place a new board of directors for Cyanco. The new board will be chaired by Daniel Ajamian, an executive who has been Chairman of several other Cerberus portfolio companies.