Ashurst advises Abu Dhabi Catalyst Partners on strategic partnership with Alphastream

Ashurst has advised Abu Dhabi Catalyst Partners on its strategic partnership with Alphastream Partners to provide finance worth USD500 million to mining projects in the next three to five years.

Based in the Abu Dhabi Global Market, Alphastream has established a multi-commodity royalty and streaming business investing in emerging markets.  It will focus on investment in mines in Africa, Asia and South America producing precious metals and technology metals such as lithium, nickel and cobalt to support energy transition and in particular the electric vehicle revolution.

Abu Dhabi Catalyst Partners, a joint venture between Mubadala Investment Company and Falcon Edge Capital, was established in April 2019 with committed capital of USD1 billion. Its investment in Alphastream represents yet another partnership with an innovative business that will contribute to the overall development of the Abu Dhabi Global Market and its increasing importance as a hub for international finance, trade and investment.

The Ashurst team was led by partner Stuart James, assisted by associate Rushal Noor, with support from partner Jonathan Cohen in London and tax partner Sharon Kim in New York.

Stuart James commented, “We were absolutely delighted to work with the Abu Dhabi Catalyst Partners team on their investment in Alphastream, which reflects Abu Dhabi Catalyst Partners’ critical role in the continuing growth of the Abu Dhabi Global Market. It was the ideal opportunity for us to combine the strength of our on-ground team with our sector expertise, and we look forward to assisting further as the business develops.”