TFC third private placementAug 30, 2011 18:00
* { font-family: Arial, Verdana, Helvetica; font-size: 13px;} td { padding: 3px; } }The Forest Company completes its third private placement and raises USD 85 million to bring total capital raised to USD 262 million.
St Peter Port, Guernsey, Tuesday, August 30th, 2011 - The Forest Company Limited, an investment company incorporated and registered in Guernsey, announces the successful final closing of its third Private Offering of Shares on August 19th, 2011. The Forest Company raised a total of USD 85 million in its third private placement. The Company raised USD 18 million in the final close of its third private placement, in addition to the previous close of USD 67 million.
The funds raised will be deployed in new and existing forest investments in Brazil and Colombia. The company has developed a large pipeline of projects and is currently in the process of negotiating a number of attractive investments. The pipeline consists of several new opportunities in areas with exceptional biological growth rates that can all be managed according to the high environment and social standards that have become a trademark of The Forest Company.
Harald Örneberg, founder of The Forest Company and CEO of Timber Capital Limited, the Company's investment manager, said: We are happy to continue the gradual expansion of the Company and would like to thank our existing and new investors for their continued support and endorsement of our investment strategy. In return, our strategy of providing long term and sustainable sources of wood fibre to satisfy an ever increasing demand for natural resources is now starting to generate high value growth and revenue for our investors.
About The Forest Company:
The Forest Company combines socially and environmentally responsible forestry investments with unique potential for stable and attractive returns through participation in the value chain of competitive and sustainable industries.
The Forest Company Limited is a closed-ended investment company, incorporated and registered in Guernsey in 2007, in order to take advantage of investment opportunities in trees, timberland and timber related assets. The Company focuses on forest plantations in areas with high biological growth rates, such as Brazil and Colombia. As of Aug 19th, 2011, The Forest Company has raised USD 262 million in equity capital through private placements to institutional investors and family offices. Thus far, the Company has committed capital to four projects, which include both greenfield and standing plantations located in Brazil and Colombia.
The Company aims to build a diversified timberland portfolio in terms of age, class and species that is intended to maximise the risk/return profile. The Company believes that this approach will generate both long-term capital appreciation for shareholders and an attractive and sustainable income yield. For more information, visit www.theforestcompany.se.
Timber Capital Limited is the investment manager to The Forest Company.
For additional information, please contact:
Vielcka D. Dutt, The Forest Company, +1 441 295 4736
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This press release is not for distribution, directly or indirectly, in or into the United States (including its territories and dependencies, any State of the United States and the District of Columbia), Canada, Australia or Japan. This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933 (the "Securities Act").
Securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act.
This document is an advertisement and does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any decision in respect of The Forest Company Limited or other evaluation of any securities of Forest Company Limited or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities. Neither the issue of this document nor any part of its contents constitutes an offer to sell or invitation to purchase any securities of Forest Company Limited or any other entity or any persons holding securities of Forest Company Limited.