TFC completes 4th private placementFeb 17, 2012 16:55
St Peter Port, Guernsey, February 17th, 2012
The Forest Company completes its fourth private placement and raises USD 34 million to bring total capital raised to USD 296 million.
St Peter Port, Guernsey, Friday, February 17th, 2012 - The Forest Company Limited, an investment company incorporated and registered in Guernsey, announces the successful final closing of its fourth Private Offering of Shares on February 17th, 2012, raising USD 34 million.
The funds raised will fund 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 in accordance with The Forest Company's high environmental and socially sustainable standards.
Harald Örneberg, founder of The Forest Company and CEO of Timber Capital Limited, the Company's investment manager, said: In closing this offering, we are grateful to our existing shareholders for their continued support and are very happy to welcome our first US institutional shareholder, as we further broaden our shareholder base. The proceeds will be used to continue to expand our five existing projects through high-return add-on investments, in line with our strategy of creating a portfolio of large profitable forest plantations.
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 February 17th, 2012, The Forest Company has raised USD 296 million in equity capital through private placements to institutional investors and family offices. Thus far, the Company has committed capital to five 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.