August 19, 2017 7:58 PM ET

Capital Markets

Company Overview of Black River Asset Management LLC

Company Overview

Black River Asset Management LLC (BRAM) is an asset management arm of Cargill, Inc. The firm provides its services to foundations, pensions, endowments, family offices, fund-of-funds, and institutions. It manages hedge funds for its clients. The firm invests in the public equity and hedging markets across the globe. It was formerly known as Cargill Global Capital Markets. Black River Asset Management is based in Hopkins, Minnesota with additional offices in The Concourse, Singapore; Sao Paulo, Brazil; Surrey, United Kingdom; Caracas, Venezuela; and Buenos Aires, Argentina.

9320 Excelsior Boulevard

Hopkins, MN 55343-3444

United States

Founded in 2002

Phone:

952-984-3654

Fax:

952-404-6041

Key Executives for Black River Asset Management LLC

Managing Principal and Chief Executive Officer
Founding Principal and Portfolio Manager
Founding Principal and Portfolio Manager
Managing Director
Compensation as of Fiscal Year 2017.

Black River Asset Management LLC Key Developments

Brazil Antitrust Body Is Reportedly Evaluating Black River Sugar Mills Purchase

Brazil's antitrust regulator CADE is evaluating a request made by Black River Asset Management LLC, owned by Cargill, Incorporated to approve an acquisition of two local sugar mills from Antonio Ruette Agroindustrial LTDA, as per documents seen by Reuters.

Black River In Talks to Buy Ruette Brazil Sugar Mills

Black River Asset Management LLC owned by Cargill, Incorporated, is in advanced talks to buy sugar-cane mills from Antonio Ruette Agroindustrial LTDA, signaling a resumption of deals in the country’s troubled sugar and ethanol industry amid prospects of rising prices for the sweetener. Black River may pay about BRL 680 million for the two plants, including BRL 530 million of debt, local financial newspaper Valor Economico said earlier, citing people with direct knowledge of the deal. Cargill’s press office in Sao Paulo confirmed the talks while declining to comment on specifics until the process is completed. Regina Ruette Aspasio, a member of family that controls Brazil’s company, also confirmed negotiations without elaborating on the value or the structure of the deal.

Cargill Confirms Talks To Acquire Mills From Ruette

Cargill, Incorporated stated that is in discussions to acquire two sugar mills from Antonio Ruette Agroindustrial LTDA. The mills are located in the main cane belt Sao Paulo state and have a capacity to process around 3.7 million tons of cane per year. Black River Asset Management LLC was in "advanced negotiations" to buy the Ruette cane mills for around $180 million. A representative for Ruette could not immediately be reached.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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