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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

Coalcorp Mining Inc. Sells Mining and Related Assets to The Goldman Sachs Group, Inc.

2010

Areas Corporate and Commercial, Corporate Finance and Securities, Litigation, Mining and Natural Resources, Tax

Summary

Goodmans represented certain subsidiaries of Coalcorp Mining Inc. ("Coalcorp") in connection with the sale of their mining and related infrastructure assets to a subsidiary of The Goldman Sachs Group, Inc. ("Goldman Sachs") for total cash consideration of US$151 million and the assumption of certain liabilities, for a total transaction value in excess of US$200 million. In connection with the sale, Coalcorp repurchased US$106,730,000 of its outstanding 12% senior secured notes.

Coalcorp is listed on the Toronto Stock Exchange and is in the process of developing a new business strategy that will capitalize on the expertise of its management team. Goldman Sachs is a global investment banking and securities firm specializing in investment banking, trading and principal investments, asset management and securities services, and is traded on the New York Stock Exchange.