Street Talk

Potentia Capital divests Micromine for $1.35b to Weir Group Plc

Sarah Thompson, Kanika Sood and Emma Rapaport

Feb 28, 2025 – 6.01pm

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Specialist technology sector investment house Potentia Capital has sold mining software business Micromine for $1.35 billion to Weir Group Plc.

The sale price equates to a 50 per cent increase on the $900 million price tag Potentia agreed in 2022 with Micromine’s erstwhile acquirer, Nasdaq-listed Aspen Technology, before it ran into issues with Russian regulators.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.