Alantra advises Venturance Alternative Assets on the sale of its 80% in Ancor Tecmin to Canadian EPCM Group

Oct 2024

Sell-side advisory

Santiago de Chile – Alantra has acted as financial advisor to Venturance Alternative Assets on the sale of its 80% equity participation in Ancor Tecmin to The EPCM Group Global.

With more than 35 years of experience, Ancor Tecmin is the global leader in the design and manufacturing of polymer concrete cells for electrorefining and electrowinning of copper, and other non-ferrous metals. Ancor Tecmin is widely recognized for its expertise in fabricating polymer concrete electrolytic cells, capping boards, engineering, and tankhouse maintenance, and has established itself as an innovator in developing polymer concrete electrolytic cell technologies, continually pushing the boundaries to provide bold, cutting-edge solutions to its clients.

Established in 1980, EPCM is a global engineering, procurement and construction management firm, delivering comprehensive solutions through EPCM Engineering, EPCM Automation, EPCM Service & Supply and Tecnologias COBRA.

This acquisition brings together two industry leaders with complementary strengths, creating a strong platform for greater innovation and growth. By integrating EPCM’s advanced tankhouse technology and broad engineering and maintenance services with Ancor Tecmin’s specialized capabilities in manufacturing polymer concrete cells, the combined companies will be well-positioned to deliver even more comprehensive, high-performance solutions to clients in the non-ferrous metals refining sector.

Venturance Alternative Assets, until now the owner of an 80% equity participation in Ancor Tecmin, is an investment firm focused on alternative assets, specialized in creating value in real investments, among others, in the mining industry, through active and dynamic management.

Carlos Fuenzalida, Partner at Alantra Landmark, said: “We are pleased to have supported Venturance in this transaction, which aroused interest from a mix of strategic mining services companies. The EPCM Group, with its deep expertise in metal refining technologies and engineering services, emerged as the ideal partner to enhance Ancor Tecmin’s specialized offerings, making this a natural fit for both companies.”

The transaction further reinforces Alantra’s continued momentum in the industrials sector: in this case, our teams’ strong track record in the mining services industry as well as our cross-border experience with interested parties spanning four continents, proved critical.