Black River Asset could be in advanced negotiations to acquire two Grupo Ruette factories
Black River Asset estaria em negociações avançadas para adquirir duas usinas do Grupo Ruette
Intel ID : 229468
Synopsis |
US-based private equity firm Black River Asset, held by US-based Cargill, could be in advanced negotiations to acquire two factories controlled by Grupo Ruette, producer of sugar and alcohol based in São Paulo, as published by newspaper Valor Econômico on 17 September 2015. The acquisition could be confirmed soon, since the due diligence process is almost complete. It only lacks the latest financial details, according to the news. Black River Asset may have submitted an offer, which includes assuming BRL 530m in debt, taking into account a 30% discount over total liabilities, worth BRL 750m, or pay 50% of the debt in cash, to creditors. There are 30 creditors involved in this transaction: Banco Santander Brasil, Amerra Agri Opportunity, ABN Amro, ED&F Man Capital Markets, BTG Pactual, Banco BBM, and Bank do Brasil. Negotiations have been on the table since May 2015 (see Intel related). Grupo Ruette has been trying to sell these plants since March 2015, when it withdrew its judicial recovery process. (see Intel related)
(content in portuguese)
A private equity norte-americana Black River Asset, da também norte-americana Cargill, estaria em negociações avançadas para adquirir duas usinas da empresa brasileira Grupo Ruette, que se dedica à produção de açúcar e álcool e tem sede no estado de São Paulo, segundo publicou o Valor Econômico em 17 de setembro de 2015. A compra estaria a ponto de ser confirmada já que o a due diligence já está praticamente concluída, faltando somente os últimos detalhes financeiros do negócio, de acordo com a notícia. A private equity norte-americana teria feita uma oferta em que pretende incorporar BRL 530m em dívidas, já considerando um desconto de 30% sobre o passivo total de cerca de BRL 750m, ou pagar à vista 50% da dívida aos credores. Entre as 30 instituições credoras envolvidas na operação estão: Banco Santander Brasil, Amerra Agri Opportunity, ABN Amro, ED&F Man Capital Markets, BTG Pactual, Banco BBM, e Banco do Brasil. As negociações vem sendo feitas desde maio de 2015 (ver Intel relacionado). O Grupo Ruette vem tentando vender a usinas desde março de 2015 quando retirou seu processo de recuperação de judicial (ver Intel relacionado). |
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Intel ID | 229468 | |||
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25.01.09 Private Equity 25 Financial Services / 25.01 Banking & Investment |
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15.07.05 Food Ingredients 15 Consumer Products & Services / 15.07 Food |
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15.05.08 Food & Beverage Retail 15 Consumer Products & Services / 15.05 Distribution & Retail 20.04.01 Biofuels 20 Energy & Utilities / 20.04 Renewable Energy 55.01.04 Crop Cultivation & Horticulture (Non-Perennial, Short-Lived or Temporary Crops) 55 Raw Materials & Natural Resources / 55.01 Agriculture, Fishing & Hunting 55.01.99 Other Agriculture & Fishing 55 Raw Materials & Natural Resources / 55.01 Agriculture, Fishing & Hunting |
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Verified: Confirmed as a party to an active or possible transaction.
Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.