Announced
Financials
Sources
Tags
Pending
Private
Majority
Brazil
grains
Private Equity
Friendly
Acquisition
Single Bidder
Storage Terminals
Synopsis
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.
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