Standard Chartered acquires mining and metals corporate advisory firm Gryphon Partners

Gryphon Partners will strengthen the Bank’s Corporate Finance business, supporting further growth in this key sector.

Standard Chartered has acquired 100 per cent of Gryphon Partners Advisory Pty Ltd and Gryphon Partners Canada Inc (together “Gryphon Partners”) from its management principals in a move to significantly strengthen its mining and metals capability.

Gryphon Partners is a corporate advisory firm focused on the mining and metals sector, with professionals based in Australia and Canada. Since its establishment in 2003, Gryphon Partners’ team has advised on more than 60 M&A and capital markets transactions with a total value in excess of USD22 billion in the mining and metals sector.

The acquisition of resource assets is a top priority for Standard Chartered’s clients across its footprint, especially in Asia, and the addition of Gryphon Partners will enable the Bank to support this client base through offering an enhanced cross-border mining and metals advisory service.

Mike Rees, Group Executive Director and CEO of Wholesale Banking, said:
“We are delighted to welcome the team from Gryphon Partners to Standard Chartered. Gryphon Partners’ transaction experience, deep industry knowledge and corporate relationships will enhance our mining and metals sector capabilities. Together with Gryphon Partners, we will now be able to provide our core footprint clients with high quality advice on opportunities in all our key markets relevant to the mining and metals sector. This mirrors our successful acquisition of Harrison Lovegrove in 2007, where we added significant oil & gas advisory capabilities. In addition, we remain committed to supporting our clients’ important strategic initiatives through our strong financial product capabilities”.

Gryphon Partners’ team comprises 22 people and will be fully integrated into Standard Chartered’s corporate finance and client coverage teams. The combination of Gryphon Partners and Standard Chartered will ensure a presence across major relevant locations – London, Toronto, Sydney, Adelaide, Hong Kong, Beijing, Singapore, Mumbai and Johannesburg.

Creagh O’Connor and Rob Greenslade, Executive Directors and Co-founders, Gryphon Partners, said:
“We look forward to becoming part of Standard Chartered and believe there is a strong strategic and cultural fit between our respective teams. The partnership between Standard Chartered and Gryphon Partners will complement our respective strengths and generate significant business growth. We look forward to working with Standard Chartered’s clients and providing them with improved access to global resource assets and transaction flows through Gryphon Partners’ established presence in Australia and Canada whilst providing our existing clients with enhanced access and product capability across Asia, Africa and the Middle East”.

In line with Standard Chartered’s disclosure obligations, the transaction price is not disclosed.

–Ends–

For further information please contact:

Jon Tracey
Head of Media Relations
Tel: +44 20 7885 7613
E-Mail: Jonathan.Tracey@sc.com

Hsueh Mei Tan
Business Corporate Affairs
Tel: +65 6596 9289
E-Mail:Tan.Hsueh-Mei@sc.com

Note to Editors:

Gryphon Partners

Gryphon Partners provides corporate advisory services in the traditional areas of mergers and acquisitions, corporate and project finance with a focus on the mining and metals sector. Established in Australia in 2003 and having expanded to Canada in 2008, Gryphon Partners has offices in Adelaide, Brisbane, Sydney, Toronto and Vancouver. During this period, Gryphon Partners has established a leading advisory position in the mining and metals sector, having advised on more than 60 completed M&A and capital markets transactions valued in excess of USD22 billion for a wide range of clients including Beach Energy, Centrex Metals, Chalice Gold Mines, Citadel, Crescent Gold, Exco Resources, FerrAus, Franconia, Global Advanced Metals, Intrepid Mines, Kores, Lion Group, Minotaur Resources, Newmont Mining, OZ Minerals, Oxiana, Perseus Mining, Rey Resources, Santos, Tigers Realm Coal, Toro Energy, Toyota Tsusho and WPG Resources. For more information on Gryphon Partners, please visit www.gryphonpartners.com.au.