Fazenda Parceiros was controlled by Fazenda Parceiros LLC, a US based holding company capitalized by US private investors.

The company was sold to a private Brazilian investor for a total of twenty six million Brazilian Reals which included the assumption of all debt and liabilities of the company. The sale was structured and arranged by New York based Provident Group which acted as exclusive financial advisor to the Company.

Mark Bishop, Partner at Provident Group stated, "The sale of the Fazenda Parceiros asset was executed under difficult conditions which required substantial structuring to work around counterparty credit risks and a host of legal issues.

"Our view within Brazil as a whole is that there continues to be solid demand to acquire large scale, producing agribusiness assets but motivation varies based on the nature of the acquirer. Regional and local Brazilian buyers view the current market conditions as an opportunity to exploit prevailing market conditions by opportunistically acquiring distressed and other underperforming assets.

"Institutional buyers primarily from outside of Brazil continue to see value in the large scale Brazilian agribusiness producer space more to meet ongoing concerns around food security, as well as other strategic needs."

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