Funds Managed by BTG Pactual Timberland Investment Group Sell Nearly 70,000 Hectares to Suzano for Approximately R$ 2.123 Billion in Mato Grosso do Sul, Brazil
01 August 2024 - 1:30PM
Business Wire
One of the largest timberland transactions to date in Brazil,
and the largest ever in the state of Mato Grosso do Sul
The BTG Pactual Timberland Investment Group, LLC (TIG) announced
today the completion of a sale of approximately 70,000 hectares
from its core Latin America timberland strategy to Suzano S.A.
(Suzano) for R$2,122,859,858. This is the largest timberland
transaction to date in Mato Grosso do Sul and one of the largest
ever in Brazil.
The assets, located in the Brazilian state of Mato Grosso do
Sul, are certified to the Forest Stewardship Council (FSC)
sustainability standard, and contain approximately 50,000 hectares
of productive area. Mato Grosso do Sul is a strategic location for
pulp expansion projects and sits within the coverage region of
Suzano’s operations.
Gerrity Lansing, Head of TIG, said, “These assets were initially
acquired as part of TIG’s core Latin America timberland strategy,
which targets mature, sustainable timberland assets in established
markets such as Chile, Uruguay, and Brazil. We are pleased to sell
these consolidated assets to Suzano, who we know will continue to
manage these assets on a sustainable basis for the foreseeable
future.”
Matheus Moura, Associate Partner of BTG Pactual and Head of
Latin America Investment Management at TIG, said, “TIG’s experience
in the region, our rigorous analysis and management, and our
relationships all played a part in this transaction. We look
forward to continuing our work in the region to pursue smart
business opportunities, while also supporting the continued growth
of a sustainable industry.”
ABOUT BTG PACTUAL TIG
BTG Pactual (BPAC11) is the largest investment bank in Latin
America, with a market capitalization of approximately US$ 25
billion, offering a diverse range of services, including investment
banking, corporate lending, sales and trading, asset management,
wealth management, and banking. BTG Pactual Asset Management is a
division of BTG Pactual with an international presence and US$ 176
billion in assets under management and administration (as of Q1
2024). BTG Pactual Timberland Investment Group (TIG), a division of
BTG Pactual Asset Management, is one of the world’s largest
timberland managers with $7.1 billion assets and commitments and
nearly 3 million acres under management throughout the United
States and Latin America (as of Q1 2024). TIG’s team of more than
160 professionals has an on-the-ground presence through 21 offices,
bringing local, regional, and global experience to bear on the
management of client investments. For more information, please
visit www.timberlandinvestmentgroup.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240731490767/en/
Rodrigo Bandeira rodrigo.bandeira@btgpactual.com