{{Short description|British investment banker}} {{resume-like|date=December 2025}} '''Peter Bacchus''' is an investment banker and founder of Bacchus Capital Advisers (“BCA”),<ref name=":6">{{Cite web |date=2017-03-15 |title=High-profile resources banker Peter Bacchus joins Lepidico defence, starts boutique |url=https://www.afr.com/street-talk/highprofile-resources-banker-peter-bacchus-joins--lepidico-defence-starts-boutique-20170315-guynua |access-date=2024-11-27 |website=Australian Financial Review |language=en}}</ref> with experience in M&A and corporate defence, particularly within the mining and natural resources sectors.<ref name=":7">{{Cite web |last=Paul |first=Clarke |date=10 May 2021 |title=Boutique Bacchus Capital expands into North America with veteran dealmaker hire |url=https://www.fnlondon.com/articles/boutique-bacchus-capital-expands-into-north-america-with-veteran-dealmaker-hire-20210510 |website=Financial News}}</ref> He is currently the Chairman and Chief Executive of BCA, an investment and merchant banking firm headquartered in London, UK, with operations in Canada and Australia.<ref name=":7" /><ref>{{Cite web |last=Sandell-Hay |first=Colin |date=2020-03-17 |title=Bacchus Capital Leads Recent Consolidation in Global Gold Sector |url=https://www.theassay.com/news/bacchus-capital-leads-recent-consolidation-in-global-gold-sector/ |access-date=2024-11-28 |website=The Assay |language=en}}</ref>
Bacchus serves as a Non-Executive Director of Gold Fields,<ref name=":5" /> an international gold producer, and Apex Royalties, a mining royalty company.<ref name=":8">{{Cite web |title=Peter James BACCHUS personal appointments - Find and update company information - GOV.UK |url=https://find-and-update.company-information.service.gov.uk/officers/P2MCVTqCShjw0eE_NtGpfQCmd-Y/appointments |access-date=2024-11-27 |website=find-and-update.company-information.service.gov.uk |language=en}}</ref> Bacchus is also a Director of BCA’s venture companies, including BG Gold,<ref name=":9">{{Cite web |date=March 2024 |title=The Northern Miner |url=https://www.northernminer.com/subscribe-login/?id=1003863509}}</ref> 308 Services,<ref name=":23">{{Cite web |title=Gold Fields Leadership Team |url=https://www.goldfields.com/executive-directors.php}}</ref> and Green 14.<ref name=":8" /> Bacchus founded Yellow Cake plc, which holds physical uranium and is listed on the London Stock Exchange.<ref name=":10">{{Cite web |last=SightlineU3O8 |date=2018-06-04 |title=Ex-City banker readies £150m float of uranium venture Yellow Cake |url=https://sightlineu3o8.com/2018/06/ex-city-banker-readies-150m-float-of-uranium-venture-yellow-cake/ |access-date=2024-11-27 |website=SightLine {{!}} U308 |language=en-CA}}</ref><ref name=":12">{{Cite web |last=News |first=Alliance |date=2024-07-19 |title=IN BRIEF: Yellow Cake uranium assets hit USD2 billion amid price spike |url=https://www.morningstar.co.uk/uk/news/AN_1721386800542671000/in-brief-yellow-cake-uranium-assets-hit-usd2-billion-amid-price-spike.aspx |access-date=2024-11-28 |website=MorningstarUK |language=en-GB}}</ref>
== Career ==
=== Early career === Bacchus graduated with an Economics degree from Cambridge University, and, after a short period with the British Government, joined Price Waterhouse in 1992 in London.<ref>{{Cite web |title=Peter Bacchus: in a nutshell |url=https://johnian.joh.cam.ac.uk/articles/peter-bacchus-in-a-nutshell/ |access-date=2025-05-22 |website=Johnian |language=en-GB}}</ref><ref>{{Cite web |date=2013-01-09 |title=First Quantum takes Inmet bid to shareholders |url=https://www.cityam.com/first-quantum-takes-inmet-bid-shareholders/ |access-date=2025-05-22 |website=City AM |language=en-GB}}</ref>
=== Investment banking career === In 1995, Bacchus joined Robert Fleming & Co, which was acquired by Chase Manhattan Bank in 2000, and shortly thereafter merged with JP Morgan.<ref>{{Cite web |title=BBC News {{!}} BUSINESS {{!}} Chase buys Fleming for £4.8bn |url=https://news.bbc.co.uk/1/hi/business/709222.stm |access-date=2024-11-27 |website=news.bbc.co.uk}}</ref><ref>{{Cite web |title=BBC News {{!}} BUSINESS {{!}} US bank giants merge |url=https://news.bbc.co.uk/2/hi/business/923301.stm |access-date=2024-11-27 |website=news.bbc.co.uk}}</ref> Bacchus became a director in the M&A team at JP Morgan.<ref>{{Cite web |last=Ahuja{{!}}vivek_ahuja |first=Vivek |title=Bacchus hire adds support to Morgan Stanley mining team |url=https://www.fnlondon.com/articles/bacchus-hire-adds-support-to-morgan-stanley-mining-team-20060712 |access-date=2025-05-22 |website=www.fnlondon.com |language=en-GB}}</ref>
Between 2000 and 2006, Bacchus worked at Salomon Brothers, Inc., which was owned by Citigroup and became Citigroup’s Global Markets division.<ref>{{Cite web |date=23 May 2001 |title=Salomon name disappears into Citigroup |url=https://www.fnlondon.com/articles/salomon-name-disappears-into-citigroup-20010523 |website=Financial News}}</ref> Bacchus was appointed Co-Head of Asia-Pacific Diversified Industrials and Head of Mining and Metals, Australia, Asia & Africa at Citigroup.<ref>{{Cite web |last=Ahuja |first=Vivek |date=12 July 2006 |title=Bacchus hire adds support to Morgan Stanley mining team |url=https://www.fnlondon.com/articles/bacchus-hire-adds-support-to-morgan-stanley-mining-team-20060712}}</ref> Bacchus managed many of Citigroup's metals and mining transactions in Asia and Australia. In 2004, Bacchus acted as a strategic advisor to Chinese state-owned MinMetals on its attempted acquisition of Canada's Noranda.<ref name=":13">{{Cite web |date=2004-11-13 |title=Mine games |url=https://www.smh.com.au/business/mine-games-20041113-gdk3u5.html |access-date=2024-11-01 |website=The Sydney Morning Herald |language=en}}</ref> In 2005, Bacchus was defence adviser to WMC against an unsolicited offer from Xstrata and ultimately its sale to BHP.<ref name=":24">{{Cite web |date=2006-07-11 |title=Execs in bands are out of hand |url=https://www.smh.com.au/business/execs-in-bands-are-out-of-hand-20060711-gdnxno.html |access-date=2024-11-28 |website=The Sydney Morning Herald |language=en}}</ref><ref name=":27">{{Cite web |last=Stephen |first=BellDow Jones |date=14 February 2005 |title=Australia Approves Xstrata's Bid For Mining Firm WMC Resources |url=https://www.wsj.com/articles/SB110810490209552332 |website=Wall Street Journal}}</ref> The deal was Australia's largest cash offer at the time, valued at US$7.7 billion.<ref name=":24" /><ref name=":27" /> Bacchus was responsible for advising Fortescue Metals, helping secure US$2.5 billion in financing in 2006 to build strategic port, rail, and mine infrastructure in Western Australia.<ref>{{Cite web |last=Phaceas |first=John |date=2006-07-07 |title=Fortescue-Noble deal expected |url=https://www.smh.com.au/business/fortescue-noble-deal-expected-20060707-gdnws6.html |access-date=2024-11-29 |website=The Sydney Morning Herald |language=en}}</ref>
In 2006, Bacchus moved to Morgan Stanley in London and became Managing Director in Morgan Stanley’s Global Basic Materials Group and Global Head of Metals and Mining investment banking activities.<ref>{{Cite web |date=16 March 2011 |title=Jefferies hires two Morgan Stanley execs |url=https://www.reuters.com/article/markets/jefferies-hires-two-morgan-stanley-execs-idUSL3E7EG2E7/ |website=Reuters}}</ref> During this period, Bacchus acted as a defence adviser to Rio Tinto in relation to the unsolicited pre-conditional offer from BHP.<ref name=":7" /> The deal was valued at US$147.4 billion and was the largest ever proposed transaction in the mining sector at the time.<ref>{{Cite web |last=Werdigier |first=Julia |date=November 8, 2007 |title=BHP Billiton pursues Rio Tinto to create a mining behemoth |url=https://www.nytimes.com/2007/11/08/business/worldbusiness/08iht-mine.4.8253762.html |website=New York Times}}</ref><ref name=":6" /><ref name=":7" />
In 2011, Bacchus moved to Jefferies as Joint Head of European Investment Banking and Global Head of Metals and Mining Investment Banking.<ref name=":16">{{Cite web |last=Denina |first=Clara |date=March 24, 2016 |title=Jefferies' global head of metals and mining Bacchus steps down |url=https://www.reuters.com/article/world/jefferies-global-head-of-metals-and-mining-bacchus-steps-down-idUSKCN0WQ1R0/ |website=Reuters}}</ref><ref>{{Cite web |date=2011-03-18 |title=Jefferies raids Morgan Stanley for IB build-out |url=https://www.globalcapital.com/article/28mvmqjijk3zoe2xnrrpc/fig/jefferies-raids-morgan-stanley-for-ib-build-out |access-date=2024-11-28 |website=GlobalCapital |language=en}}</ref> At Jefferies, Bacchus advised First Quantum Minerals on its C$5.1 billion hostile public takeover of Inmet in 2013, which created one of the biggest global producers of copper at the time.<ref name=":18">{{Cite web |last=Gordon |first=Julie |date=March 22, 2013 |title=First Quantum wins $5 billion battle for copper rival Inmet |url=https://www.reuters.com/article/business/first-quantum-wins-5-billion-battle-for-copper-rival-inmet-idUSBRE92L0G9/#:~:text=TORONTO%2FLONDON%20(Reuters)%20%2D,world's%20largest%20untapped%20copper%20deposits |website=Reuters}}</ref><ref name=":17">{{Cite web |date=2013-03-22 |title=First Quantum takes over Inmet: a new copper giant is born |url=https://www.mining.com/first-quantum-takes-over-inmet-a-new-copper-giant-is-born-54827/ |access-date=2024-11-28 |website=MINING.COM |language=en-US}}</ref><ref name=":19">{{Cite web |date=2013-01-09 |title=First Quantum takes Inmet bid to shareholders |url=https://www.cityam.com/first-quantum-takes-inmet-bid-shareholders/ |access-date=2024-11-28 |website=City AM |language=en-GB}}</ref> Bacchus also oversaw the bank's acquisition of the Hoare Govett corporate broking franchise.<ref>{{Cite web |date=5 March 2012 |title=Financial News |url=https://www.fnlondon.com/articles/bacchus-helps-jefferies-hoare-govett-win-first-client-post-merger-20120305}}</ref><ref name=":15">{{Cite web |last=Turner |first=Giles |date=5 March 2012 |title=Bacchus toasts first broker win at Jefferies Hoare Govett |url=https://www.fnlondon.com/articles/bacchus-helps-jefferies-hoare-govett-win-first-client-post-merger-20120305 |website=Financial News}}</ref>
In 2016, Bacchus stepped down from his positions as Global Head of Metals and Mining and Co-Head of European Investment Banking to establish an independent advisory and ventures firm, Bacchus Capital Advisers Limited (“BCA”).<ref>{{Cite news |date=2016-03-24 |title=Jefferies Global Mining Head Bacchus Said to Step Down From Role |url=https://www.bloomberg.com/news/articles/2016-03-24/jefferies-global-mining-head-bacchus-said-to-step-down-from-role?embedded-checkout=true |access-date=2024-11-28 |work=Bloomberg.com |language=en}}</ref><ref name=":16" />
=== Bacchus Capital Advisers === Bacchus is Chairman and Chief Executive of BCA, an investment and merchant banking firm.<ref name=":14">{{Cite news |last=Yeomans |first=Jon |date=2018-06-04 |title=Ex-City banker readies £150m float of uranium venture Yellow Cake |url=https://www.telegraph.co.uk/business/2018/06/04/ex-city-banker-readies-150m-float-uranium-venture-yellow-cake/ |access-date=2024-11-01 |work=The Telegraph |language=en-GB |issn=0307-1235}}</ref><ref name=":7" /> Bacchus founded BCA with: Richard Allan, former Managing Director and European Head of Mining and Metals at Jefferies, with whom he had worked with since Ord Minnett;<ref name=":7" /> Chris Johannsen, former Head of Mining and Metals Advisory – EMEA at Standard Chartered;<ref name=":7" /> and Paul Cahill, former Group Head of Business Development and Head of Strategic Relationships Management at Anglo American.<ref name=":7" />
BCA has launched several companies under its ventures arm, including Yellow Cake plc, which it founded in 2017 as a uranium buy and hold vehicle to provide direct exposure to the price of physical uranium.<ref name=":20">{{Cite web |title=Yellow Cake secures strategic backer for London IPO |url=https://www.ft.com/content/3e60a4a8-6d94-11e8-92d3-6c13e5c92914 |access-date=2024-11-28 |website=www.ft.com |language=en-GB}}</ref><ref name=":14" /> Yellow Cake completed a US$200 million initial public offering in 2018 on the AIM sub-market of the London Stock Exchange, during which it purchased the equivalent of 5% of the global marketed uranium production in 2016.<ref>{{Cite web |title=Milbank Advises on Yellow Cake IPO Valued at Approximately $200M |url=https://www.milbank.com/en/news/milbank-advises-on-yellow-cake-ipo-valued-at-approximately-200m.html |access-date=2024-09-09 |website=Milbank LLP |language=en}}</ref><ref name=":20" /> As of August 22, 2024, Yellow Cake holds 21.7 million pounds of uranium,<ref>{{Cite web |title=Home |url=https://www.yellowcakeplc.com/ |access-date=2024-09-09 |website=Yellow Cake Plc |language=en-ZA}}</ref> and reached a market value of US$2 billion in the financial year ending 31 March 2024.<ref name=":11">{{Cite web |title=London Stock Exchange {{!}} London Stock Exchange |url=https://www.londonstockexchange.com/news-article/YCA/yellow-cake-plc-annual-results-for-the-year-ended-31-march-2024/16577018 |access-date=2024-11-27 |website=www.londonstockexchange.com |language=en}}</ref><ref name=":12" />
In November 2021, BCA founded the environmental carbon company, Green 14, in partnership with African conservation charity, Space for Giants.<ref name=":3" /><ref name=":4" /> Green 14 focuses on restoring and protecting landscapes in Africa by creating carbon credits from conservation.<ref name=":3">{{Cite web |last=Gordon |first=Katie |date=2021-11-11 |title=Bacchus Capital Leading the Way for Carbon Credits in Africa |url=https://www.theassay.com/articles/company-exclusive/bacchus-capital-leading-the-way-for-carbon-credits-in-africa/ |access-date=2024-11-01 |website=The Assay |language=en}}</ref><ref name=":4">{{Cite web |date=5 November 2021 |title=The Independent |website=Independent.co.uk |url=https://www.independent.co.uk/voices/campaigns/giantsclub/cop26-carbon-credit-to-protect-african-wildlife-b1952143.html}}</ref>
In December 2022, BCA established BG Gold to acquire Northquest and the Whale Cove project, formerly known as the Pistol Bay project, in Nunavut, Northern Canada.<ref name=":21">{{Cite web |title=BG Gold Corp. |url=https://www.bggold.ca/ |access-date=2024-11-28 |website=www.bggold.ca}}</ref> The Whale Cove project is a gold exploration project covering 842 km² with 2.4 million ounces of gold on the west coast of Hudson Bay.<ref>{{Cite web |date=2025-02-17 |title=BG Gold Announces Significantly Improved Mineral Resource |url=https://www.bggold.ca/pdf/2025-02-17_NR.pdf |website=www.bggold.ca}}</ref><ref name=":1">{{Cite web |title=City mining veteran Bacchus raises £5m for Canada gold project |url=https://news.sky.com/story/city-mining-veteran-bacchus-raises-5m-for-canada-gold-project-13060838 |access-date=2024-11-01 |website=Sky News |language=en}}</ref><ref name=":9" />
=== Board roles === Between 2014 and 2017, Bacchus served on the board of Nordgold as a Non-Executive Director and Chairman of the audit committee.<ref>{{Cite web |title=Nordgold Announces Changes to the Board of Directors |url=https://nordgold.com/media/news/nordgold-announces-changes-to-the-board-of-directors/ |access-date=2024-11-01 |website=nordgold.com |language=en}}</ref> Nordgold was an international gold producer operating a portfolio of mines located in Russia, Kazakhstan, Burkina Faso, and Guinea.
In 2016, Bacchus was appointed a Non-Executive Director of Gold Fields, a NYSE and Johannesburg listed international gold producer.<ref name=":5">{{Cite web |title=Gold Fields - Executive Directors |url=https://www.goldfields.com/executive-directors.php |website=Gold Fields}}</ref> Bacchus currently serves as chair of the Strategy and M&A Committee and chair of the Risk Committee.<ref name=":5" />
From 2017 to 2021, Bacchus served as a Non-Executive Director of Kenmare Resources, an LSE-listed mineral sands producer with operations in Mozambique, acting as Chair of the Nominations Committee and as a Senior Independent Director.<ref>{{Cite web |date=April 16, 2018 |title=Notice of AGM |url=https://www.kenmareresources.com/application/files/8015/3149/3087/Notice_of_AGM_2018.PDF |website=Kenmare Resources}}</ref><ref>{{Cite web |date=March 23, 2022 |title=2021 Preliminary Results |url=https://www.kenmareresources.com/application/files/1316/4797/9855/2022-03-23_KMR_FY_2021_Results_Announcement.pdf |website=Kenmare Resources}}</ref><ref>{{Citation |title=Kenmare Resources |date=2024-03-30 |work=Wikipedia |url=https://en.wikipedia.org/wiki/Kenmare_Resources |access-date=2024-09-09 |language=en}}</ref>
From 2017-2021, Bacchus served as Non-Executive Director of ASX-listed Galaxy Resources, a lithium producer with assets in Australia, Canada, and Argentina, stepping down at that company's merger with Orocobre in 2021 to form Allkem.<ref>{{Cite news |date=25 August 2021 |title=Merger of Galaxy and Orocobre Implemented |url=https://announcements.asx.com.au/asxpdf/20210825/pdf/44zq6q3dbv53xw.pdf}}</ref>
In July 2021, Bacchus became Non-Executive Director of Trident Royalties, an AIM-listed diversified mining royalty company, before being appointed as Non-Executive Chairman in May 2024 until the completion of the acquisition of Trident Royalties by Deterra Royalties.<ref>{{Cite web |date=26 July 2021 |title=Trident Royalties Plc ("Trident" or the "Company") Board Changes |url=https://polaris.brighterir.com/public/trident/news/rns/story/x57d40w |access-date=2024-09-09 |website=polaris.brighterir.com}}</ref><ref>{{Cite web |url=https://polaris.brighterir.com/public/trident/news/rns/story/w6v63kx |access-date=2024-09-09 |website=polaris.brighterir.com}}</ref>
Additionally, Bacchus serves as a Director, and former Chair, of the Africa-focused conservation charity, Space for Giants, which launched Green 14 with BCA.<ref name=":3" /><ref name=":4" /> Bacchus has also served as the Chairman of 308 Services since 2017 and BG Gold since its establishment in 2022.<ref name=":9" /> Since September 2024, Bacchus is Non-Executive Director of Apex Royalties, a diversified mining royalty company.<ref name=":8" />
Bacchus is also an adviser to the Board of Skylark Minerals, which in November 2024 brought in a new CEO, former CEO of Nordgold Nikolai Zelenski, and recapitalised the company.<ref>{{Cite web |last=Chiat |first=Josh |date=2024-11-01 |title=Resources Top 5: Russian gold boss flies into Ironbark |url=https://stockhead.com.au/resources/resources-top-5-russian-gold-boss-flies-into-ironbark/ |access-date=2024-11-29 |website=Stockhead |language=en-US}}</ref>
== References == {{reflist}}
Category:British investment bankers Category:Alumni of the University of Cambridge {{DEFAULTSORT:Bacchus, Peter}} Category:Year of birth missing (living people) Category:Living people