BTG Pactual’s Timberland Investment Group Acquires Two Funds from Olympic Resource Management
NEW YORK--(BUSINESS WIRE)--Jul 22, 2021--
BTG Pactual’s Timberland Investment Group (TIG) has acquired the management of two private equity timberland funds, with a co-investment interest in both investment vehicles, from Olympic Resource Management (ORM), a subsidiary of Rayonier Inc. (RYN), for an aggregate purchase price prior to closing costs of US$ 35.9 million.
The funds being acquired comprise approximately 110,000 acres of high-quality, diverse, SFI-certified timberland in the Pacific Northwest of the U.S.
As part of the transaction, TIG will hire key operational staff from ORM who have significant historical experience with these specific assets.
Gerrity Lansing, Head of TIG and MD Partner at BTG Pactual, added: “This transaction significantly expands TIG’s footprint in the Pacific Northwest and furthers our goal of investing in sustainably-managed commercial timberland.” Lansing continued: “TIG is investing alongside its clients in both of these funds and looks forward to managing them alongside its current assets in the region.”
ABOUT BTG PACTUAL TIMBERLAND INVESTMENT GROUP
BTG Pactual (BPAC11) is the largest investment bank in Latin America, operating in the Investment Banking, Corporate Lending, Sales & Trading, Wealth Management and Asset Management markets. BTG Pactual Asset Management has an international presence with ~US$ 80 billion in assets under management and administration. BTG Pactual Timberland Investment Group (TIG), a division of BTG Pactual Asset Management, is one of the world’s oldest and largest timberland investment managers with over US$ 4 billion in assets and commitments and 3 million acres under management globally. TIG is focused on achieving compelling investment returns while also applying high environmental, social and governance standards, and has a 40+ year track record with over 100 professional staff members in 16 offices around the globe, bringing local, regional, and global experience to bear on the management of client investments. For more information, please visit www.timberlandinvestmentgroup.com.
ABOUT BTG PACTUAL
BTG Pactual (BPAC11) is the biggest investment bank from Latin America, operating in Investment Banking, Corporate Lending, Sales & Trading, Wealth Management and Asset Management. Since inception, in 1983, the Bank has been run based on a meritocratic partnership culture, focused on clients, excellence and a long-term vision. We have cemented our status as one of the most innovative sector players and have won numerous national and international awards. We currently have almost 4,000 employees in offices across Brazil, as well as in Chile, Argentina, Colombia, Peru, Mexico, the US, Portugal and England. For more information go to http://www.btgpactual.com.
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CONTACT: Rodrigo Bandeira
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: FINANCE BANKING NATURAL RESOURCES PROFESSIONAL SERVICES FOREST PRODUCTS
SOURCE: BTG Pactual
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PUB: 07/22/2021 07:30 AM/DISC: 07/22/2021 07:32 AM