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PBOF$$$ NEWS!!!!!!!BUYOUT Pure Biofuels del Peru, SAC Announces Management Buyout by Pegasus Capital Advisors
May 7, 2012 16:41:01 (ET)
LIMA, Peru, May 07, 2012 (BUSINESS WIRE) -- Pure Biofuels del Peru, SAC (the "Company" or "Pure Biofuels") management is pleased to announce the acquisition and recapitalization of Pure Biofuels in partnership with an investment fund affiliated with Pegasus Capital Advisors L.P. ("Pegasus").
Management and Pegasus together purchased the equity of Pure Biofuels, de-levered the balance sheet and provided growth capital for expansion of the terminal and operations. Simultaneously with the acquisition, Pure Biofuels closed on a significant working capital facility which will allow the Company to increase its sales of ultra-low sulfur diesel and biodiesel products throughout Peru. In addition to the financial flexibility and expansion opportunities that Pure Biofuels gains in the transaction, the Company will also benefit from Pegasus' commercial and technical expertise in the commodities and energy sector through its extensive operating partner network.
"Pegasus' extensive expertise in biofuels make it an ideal partner and its financial support allows the Company to expand its terminal capacity and to provide access to the working capital necessary in order to grow our presence throughout the region," said Alberto Pinto, Chief Executive Officer of Pure Biofuels.
"Pegasus values its partnership with management to support the infrastructure needs of the fast growing Peruvian economy and to enable the supply of lower emission transportation fuels. We are eager to contribute to and to benefit from the rapid progress of the economic developments in the region," said Alec Machiels, partner at Pegasus.
About Pure Biofuels del Peru, SAC:
Pure Biofuels is committed to becoming a leader in Latin America's rapidly emerging biofuels industry. Pure Biofuels currently has over 700,000 barrels of liquid fuels storage at the Port of Callao, the largest port on the Pacific Coast of South America. The Company markets and distributes biofuel in both the local and regional markets and also owns and operates a state-of-the-art biodiesel refinery co-located with the storage and dispatch terminal in Callao. For more information about Pure Biofuels, please visit: www.purebiofuels.com .
About Pegasus Capital Advisors, L.P.:
Pegasus Capital Advisors, L.P. is a private equity fund manager that has been providing creative capital and strategic solutions to companies across a variety of industries since 1995. Pegasus partners with management teams of growth companies, with a focus on those that benefit from the business implications of global resource scarcity. Pegasus currently manages approximately $2.7 billion in assets.
SOURCE: Pure Biofuels del Peru, SAC
Pure Biofuels del Peru, SAC
Alberto Pinto, +511-616-9292
Fax: +511-616-9293
T
PBOF$$$ NEWS!!!!!!!BUYOUT Pure Biofuels del Peru, SAC Announces Management Buyout by Pegasus Capital Advisors
May 7, 2012 16:41:01 (ET)
LIMA, Peru, May 07, 2012 (BUSINESS WIRE) -- Pure Biofuels del Peru, SAC (the "Company" or "Pure Biofuels") management is pleased to announce the acquisition and recapitalization of Pure Biofuels in partnership with an investment fund affiliated with Pegasus Capital Advisors L.P. ("Pegasus").
Management and Pegasus together purchased the equity of Pure Biofuels, de-levered the balance sheet and provided growth capital for expansion of the terminal and operations. Simultaneously with the acquisition, Pure Biofuels closed on a significant working capital facility which will allow the Company to increase its sales of ultra-low sulfur diesel and biodiesel products throughout Peru. In addition to the financial flexibility and expansion opportunities that Pure Biofuels gains in the transaction, the Company will also benefit from Pegasus' commercial and technical expertise in the commodities and energy sector through its extensive operating partner network.
"Pegasus' extensive expertise in biofuels make it an ideal partner and its financial support allows the Company to expand its terminal capacity and to provide access to the working capital necessary in order to grow our presence throughout the region," said Alberto Pinto, Chief Executive Officer of Pure Biofuels.
"Pegasus values its partnership with management to support the infrastructure needs of the fast growing Peruvian economy and to enable the supply of lower emission transportation fuels. We are eager to contribute to and to benefit from the rapid progress of the economic developments in the region," said Alec Machiels, partner at Pegasus.
About Pure Biofuels del Peru, SAC:
Pure Biofuels is committed to becoming a leader in Latin America's rapidly emerging biofuels industry. Pure Biofuels currently has over 700,000 barrels of liquid fuels storage at the Port of Callao, the largest port on the Pacific Coast of South America. The Company markets and distributes biofuel in both the local and regional markets and also owns and operates a state-of-the-art biodiesel refinery co-located with the storage and dispatch terminal in Callao. For more information about Pure Biofuels, please visit: www.purebiofuels.com .
About Pegasus Capital Advisors, L.P.:
Pegasus Capital Advisors, L.P. is a private equity fund manager that has been providing creative capital and strategic solutions to companies across a variety of industries since 1995. Pegasus partners with management teams of growth companies, with a focus on those that benefit from the business implications of global resource scarcity. Pegasus currently manages approximately $2.7 billion in assets.
SOURCE: Pure Biofuels del Peru, SAC
Pure Biofuels del Peru, SAC
Alberto Pinto, +511-616-9292
Fax: +511-616-9293
T
Me don't think their stuck!!!
I'd say they have been accuulating the last few days.
Bottom was already in and now we are just about red eye!
There are many bulls ouside this chat box here that have been accumulating.
Sounds like the bulls are getting antsy!
You missed the word more. As far as you or I know that could mean anything.
FBCD...A birdie told me that we are just about to rock here. Beleive it...Better get some for the next run IMHO.
AAAAMHIM Just got 348 bucks more of FBCD Let them know on the FBCD board not to panic it is getting eyes!!!
DUTV...In need of a little attitude adjustment?
She can cross that .0023, she can.
PBOF...Looking for a strong close today.
Once we break trough the .0023 mark; it will be off to the races again IMHO.
Nice to see we broke through .035
Eturd was doing the same thing on friday.
Holding support here nicely.
You don't have enough RAM.
People are going over ETMM to buy on the ask.
ETMM F n with the ask.
MACD on the 15 min chart just crosed.
End of the day run here is iminent
DUTV...Blowing a little smoke out of her barrel.
Less than 2m shares showing under .0038
Time to have a ask slapping party to take us into the weekend.
Bet I know some folks that were loading here this morning!!!
She's going to be real thin to those three's for sure!
Good Morning DUTV. We are looking nice with a two million shares under .0038.
Hey ya Gregg, we are in a jam. Could you help us out with some calm water? lol..We just had a shark attack and are clearing out the water.
Lot's of speculating going on here and I just happen to be on the winning side at the moment.
Still think we close in the .0030's today.
Lot of shares changed hands and we are in a new leg up IMHO.
Very thin to .0033
Have to leave for a meeting, Good luck and happy trading.
I sense a feeding frenzy coming...
She's a beast. Just flexing her muscles today. Looking for a close in the .0030's today.
Still very thin to .0038
We could see that in a NY minute!!!
Get you some mojo and some DUTV and ride em.
It is as much a speculation as I have, Thanks.
DUTV reminds me of LA Woman You got to ride em...
Then all your information is pure speculation. That's OK though; cause isn't that why we are trading down here? Thanks for pointing that out and have a wonderful day trading DUTV.
You got out too soon! Looks like you can refresh your tickets at .0026!
I have not seen any information on that financial information dislosed. Links?
Don't see any dumping here. Looks like mostly buys to me. Lot of demand for DUTV so not going to sell. Do you see how thin it is to .0038!!!
With all the millions hitting the ask right now; I don't think that is a issue.
What PR today? It was yesterday and I am up 800% right now so I have a very low risk.
Yeah, Buy/Sell is 10/1 and who's delusional here. Watch this move back over .0030
Check your figures. Thats how I came up with it!!!
Pretty weak...Must not be suited for DUTV.
Hope they got in cause they are not going to stop DUTV. Let close this over .003 today.
Millions of shares to be unloaded at any given moment. Once it starts going down it is going to be hard to get out.
So that would mean shares are on sale right now at over a 50% discount.
Dilution has started. val is king at the dilution game.
Less than a million shares showing under .0038