Black River Asset Management Acquires Brazil-based Sugarcane Mills (Latin America)

Source: Valor Econômico  |  Author(s): Fabiana Batista

Global asset management company Black River Asset Management has completed the purchase of two Brazil-based sugarcane mills from Brazil-based sugar and ethanol company Ruette Group. The deal totaled BRL830 million (approximately US$209 million), including BRL530 million (approximately US$134 million) in debt financing. The transaction was structured through Black River Agriculture Fund 2.