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MIAMI, June 5, 2008 -- Richard Gilmore, President and CEO of GIC Group, explains the dynamics of successful investing in the agribusiness sector to an audience of entrepreneurs at the “Private Equity World – Latin America 2008” conference in Miami on Thursday. Gilmore says, “Many Latin American agricultural businesses require greater access to financing along with improved expertise on restructuring their management and operations to take advantage of global profit opportunities.”
With the boom in commodity prices, new opportunities have opened up for suppliers and agro industries in the resource-rich countries of Latin America. His country focus is high on Brazil, but he also explores undervalued opportunities that lie with the Andean countries, such as Colombia or Peru, or with Paraguay. New developments and potential in biofuels receive strong emphasis in his presentation. Grain merchandising in Argentina holds promise, and recent trade agreements with the United States have opened up sales and value creation opportunities.
“Today, Gilmore states, “there are many elements of success at play in Latin America– economic growth, favorable exchange rates, enlightened regulation, improving infrastructure, and record commodity prices.” His talk showcases best practices, recent successful deals, and investment pitfalls.
Several new GIC deals offer greater platform and consolidation opportunities in the agribusiness sector in Latin America. The agro-sector there has typically been protected longer than other economic sectors. Consequently, many private, family run companies still dominate. Such operations demonstrate unmet demand for access to financing and for expertise on restructuring their businesses, management, and/or operations. The potential for private placements and merger opportunities is also strong given the current investment climate.
About GIC Group. GIC Group is an investment advisory and market research consulting firm established in 1980, and located in Alexandria, Virginia.
Contact:
Susan Scurlock Theiler, GIC Group
1434 Duke Street , Alexandria, VA 22314
703-684-1366, susantheiler@gicgroup.com
http://www.gicgroup.com
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