BTG Pactual is pleased to announce the completion of its acquisition of Regions Timberland Group ("RTG"), a division of Regions Bank.
This acquisition, which expands BTG Pactual's current timberland investment platform, establishes the bank as the largest independent timberland manager in Latin America and one of the largest worldwide, with committed and invested assets of nearly US$3 billion and a portfolio of over 1.77 million acres (716,000 hectares) diversified across the USA, Latin America, Europe and South Africa.
"This acquisition is key to the development of BTGP Timberland's strategy, and we are very pleased to welcome RTG's many top tier North American and European clients to our platform", said Carlos Fonseca, partner and Head of Merchant Banking at BTG Pactual.
"We are very excited by this acquisition as we have known the team for many years. This acquisition immediately expands our footprint to several key geographies beyond Brazil," says Gerrity Lansing, Head of Timberland Merchant Banking.
"When looking for an ideal buyer of this business, BTG Pactual was at the top of our list, and this transaction memorializes our team's commitment to continued global timberland investing," says Charlie Daniel, former President and CIO of RTG, who will take the role of Head of Timberland Investment Management at BTG Pactual.