Brazil Ethanol Acquisition Corp (“Brazil Ethanol” or the “Company”) placed 18,750,000 units at $8.00 consisting of one share and one warrant ($5.00 strike) to qualified institutional investors within the U.S. and selected offshore investors under Rule 144A and Regulation S. Total proceeds of the unit offering were $150,000,000. M.M. Dillon & Co. (“Dillon”) was engaged as sole placement agent and initial purchaser. The units were eligible for trading in the Portal Market on completion of the placement
About Brazil Ethanol Acquisition Corp
Brazil Ethanol was formed as a “blank check” company in March 2007, formed for the purpose of acquiring and operating one or more ethanol and sugar production facilities in Brazil. The Company’s strategy is to consolidate Northeastern Brazil’s highly fragmented sugarcane production sector to create a significant global participant in the rapidly growing worldwide bio-fuels industry. The company successfully acquired S.A. Leãoe Irmãos Açúcare Álcool (“Leão”) in a transaction valued at $267.6 million.
About M.M. Dillon & Co.
M.M. Dillon & Co. (formerly CRT Investment Banking LLC) is an employee owned partnership where industry and product specialists collaborate closely to provide creative, idea-driven advice and solutions to its institutional and corporate clients. M.M. Dillon offers public and private financing, M&A advisory and restructuring advisory services. M.M. Dillon’s team of experienced professionals provides execution capabilities for companies across a range of industry sectors. The firm’s senior banking professionals have a minimum of 20 years of experience with major Wall Street firms.