{"id":5915,"date":"2007-04-11T00:00:00","date_gmt":"2007-04-11T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"ceb-to-raise-million-for-alternative-investments","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2007\/ceb-to-raise-million-for-alternative-investments.html","title":{"rendered":"CEB To Raise $600 Million For Alternative Investments"},"content":{"rendered":"

For the past few years, Latin America\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s energy sector has caught the attention of many private equity funds looking to invest in the region. In 2006, over $300 million was invested in the sector, almost a third of the $1 billion that was invested in the region.<\/p>\n

<\/span> Clean Energy Brazil, a biofuel fund that hopes to consolidate Brazil’s booming ethanol-producing industry, expects to raise up to $600 million for its  Alternative Investment Market arm.<\/p>\n

“We believe that the global ethanol market is in its infancy…..If all the deals we are looking at go through we would want about $600 million but it’s more likely to be $200 million to $400 million in the second or third quarter,” said Peter Thompson, who manages the UK-listed fund on behalf of investors including sugar merchant Czarnikow.<\/p>\n

CEB invests in integrated sugar and ethanol production units in Brazil, giving investors exposure to Brazil’s domestic ethanol market and the growth in global ethanol demand.<\/p>\n

<\/div>\n

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It has already earmarked or spent the $200 million it raised in December’s flotation on the Alternative Investment Market. The money is going on developing mills and turning greenfield land into cane-producing farms with Brazilian company Usaciga.<\/p>\n

“We found at the time of our float lots of investors said they weren’t interested in AIM start-ups … they said come back when you’ve got some revenue so now we’ve got a lot of people we will go back to see,” Thompson said.<\/p>\n

CEB manages farming assets for Usaciga, in which it has a 49% stake. CEB arranged a re-financing of the company allowing it to acquire rights to develop two more greenfield assets than it had been expecting at the time of its float.<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

Alex Akesson
Contributing Writer
HedgeCo.Net
Email: Editor@hedgeco.net<\/a><\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

For the past few years, Latin America\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s energy sector has caught the attention of many private equity funds looking to invest in the region. In 2006, over $300 million was invested in the sector, almost a third of the $1 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5915","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5915"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5915\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}