Incoa Performance Materials

BACKGROUND

Incoa was looking to do a secondary sale of its common stock prior to the beginning of construction. However, most private equity firms typically avoided taking construction risk or were interested in having a control position.

CHALLENGES

• Calcium carbonate is a very niche industry with a limited investor audience

• Geographic/jurisdictional challenges due to project location

• Size of transaction combined with stage resulted in very limited investor audience

SOLUTION

Roc Global was able to identify a mining specialist investor that was looking to deploy capital into specialty minerals that was willing to take some construction risk for near-term production. Roc Global designed targeted materials using their KPIs to help achieve the best possible price to the seller. The transaction closed and the facility is currently operational.