IG4 to acquire CLI from Cantagalo General Grains.

IG4 Capital, a private equity firm, agreed to acquire CLI, a company which owns one of the largest grain terminals in Brazil, from Cantagalo General Grains, an integrated geoscience company. The deal includes the restructuring of $236m in debt owed by CGG Trading and conversion on part of the debt into equity. Financial terms were not disclosed. At the end of the different transactions, IG4 will control the terminal, one of the largest in Brazil used for soybean and soybean meal exports coming from the northern states, the fund said in a statement.