WESTPORT, Conn., Sept. 30, 2014 (GLOBE NEWSWIRE) -- Anholt Services (USA), Inc. (together with its affiliates and owners, "Anholt") announced today that Southern Harvest, LP, an Anholt subsidiary, has structured and led a bond facility for United Oils, Limited ("UOL").
UOL is a leading oil palm plantation owner, headquartered in Pucallpa, Peru. Anholt has been an indirect minority equity investor in United Oils since 2012 and was approached by UOL to design a creative and mutually beneficial structure to enable the company to continue its sustainable development and expansion.
In addition to this investment in the oil palm sector, Anholt and Southern Harvest are owners and operators of agricultural farmland in Uruguay and Romania, as well as of cattle ranchland in Paraguay and Uruguay. Furthermore, Anholt served as the initial lead limited partner in the Aqua Capital Agribusiness & Food Fund, based in Brazil and Argentina.
In commenting on the investment in UOL, Anholt Managing Director, Ihab (Joe) Massoud, said, "We are very excited to work with the UOL management team to consummate this debt offering, in which a number of other existing and new investors have also co-invested alongside us to inject capital into the business. We look forward to continuing to develop our relationship with UOL. We are excited about our investment in the company for a number of reasons, including both its status as an industry leader in South America, and the company's strong commitment to sustainable forestry and creating highly positive outcomes for the local community with its substantial neighborhood outreach and assistance programs."
Anholt Partner, Rudolph Krediet, continued, "Since 2007, we have been acquiring high quality agricultural assets globally, and we continue to be excited about the prospects for this investment class from a long term point of view. Our goal is to continue to grow and develop our agricultural and forestry holdings into world class operations, bringing the land to its highest value and most sustainable use over time. We are fortunate to have strong operating teams to identify and manage these interesting opportunities."
About Anholt:
Anholt Services (USA), Inc. is an indirect subsidiary of the Kattegat Trust, a family office based philanthropic foundation. Anholt evaluates and manages Kattegat's interests globally across a wide range of asset classes, including hard assets, fund partnership interests and control and minority stakes in private and public companies. The senior members of the Anholt team have worked with the Kattegat Trust in various capacities since 1998. Email info@anholtusa.com.