How London-based Appian Capital is targeting investment metals to play a global shift to a lower carbon economy
Mining is not a terrain private equity normally digs into.
Volatile commodity markets and unpredictable returns, along with high capital expenditure requirements and long lead times, have acted as deterrents for mainstream buyout groups who need to generate cash flow quickly. The space can also be fraught with political and operational risks, which few buyout groups are willing to take on. One fund that has risen to the challenge is Appian Capital Advisory.
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This article appeared in Private Equity News on 9 August 2021.