A decade of evolution.
From gold miner to investment adviser, the Fund is the result of a series of evolutionary developments under the Sawiris family’s ownership since taking La Mancha Resource Inc. private in 2012. The Sawiris family is an Egyptian family with a distinguished track record of value creation in telecoms, media, real estate, and mining.
2012-2014: Operator of gold mines
- La Mancha Resource Inc. was bought in 2012 by the Sawiris family – an industrialist investor with a longstanding history of value creation in telecoms and real estate
- Operates three private gold mines across Australia, Ivory Coast, and Sudan
2012
08/12
La Mancha Resources Inc. taken private by the Sawiris family
08/12
Divestiture of Sudan for USD 100m
08/12
La Mancha Resources Australia
08/12
Société des Mines d’Ity
2014
last
2015-2021: Holding structure
- La Mancha Holding S.à r.l. became an investment company in 2015 after contributing its assets to listed entities in Australia and Canada
- Actively managed its investments – exiting some assets and combining others with larger businesses
- Developed specialised expertise in acquiring and managing significant stakes in listed gold mining businesses
08/15
Vend-in La Mancha Australian assets against 31% stake
11/15
Vend-in La Mancha Ivory Coast assets against 30% stake
20152016
2018
10/18
Acquisition of 35% stake via capital increase
2020
02/20
Acquisition of 35% stake via private placement
2021: Fund established
- The Fund was launched in July 2021 with >US$700m in assets La Mancha Holding S.à r.l accumulated since 2012 and US$100m of third party capital – link to press release
- Diversified into energy transition metals
2021
03/22
19.9% acquisition of SRG, a vertically integrated graphite project in Guinea
07/21
Contributed participants and activities into the La Mancha Fund raised 3rd party capital
2022
10/21
Acquisition of 19.9% of a nickel mine in constuction in Brazil
03/22
Acq. of Elemental & subsequent merge w/ Altus resulted in 21.4% ownership of combined company
07/22
Acquisition of 19.9% of a gold developer building the TZ project in Brazil
01.
2012-2015: Operator of gold mines
- La Mancha is bought in 2012 by the Sawiris family – an industrialist investor with a history of value creation in telecoms and real estate
- Operates three gold mines across Australia, Ivory Coast, and Sudan on a private basis
02.
2016-2022: Holding structure
- La Mancha becomes an investment company in 2015 after vending-in its assets into listed entities
- Actively manages its investments – exiting some assets and rolling up others with portfolio businesses
- Specialises in acquiring and managing significant stakes (20-30% typically) in listed gold mining businesses
03.
2021: Fund established
- The Fund was launched in July 2021 with >$700m in assets (accumulated since 2012) from the Sawiris family, the cornerstone investor, and $100m of third-party capital – link to press release