With a solid acquisition strategy and unique execution capabilities, BDF is well positioned to take advantage of this opportunity and to be a leader in the consolidation process

BDF strategy is based on two pillars: consolidation and growth.

• BDF will use its inside knowledge of the local sugar and ethanol market to acquire equity stakes in leading private, family-owned companies with an experienced management team and proven track-record.

• The Fund will provide the resources for these companies to deliver growth and lead the consolidation process that is reshaping the industry, by investing in their existing operations, acquiring adjacent mills, and starting up greenfield projects.

• The Fund will also add value to these investments by providing financial restructuring and hedging services, and by exploring their synergies on commercial contracts and logistics/infra-structure assets.

• BDF will be actively involved in the management of companies, aligning Interests of shareholders and management through incentive programs that will tie compensation to the creation of shareholder value, and adopting integrated control systems to monitor the companies’ operations, which will make it possible to identify and disseminate best practices and benchmark the companies’ performance, optimizing operations.

• The fund will exit its investments in 5 to 7 years with a public offering of the invested companies in the stock market, or the sale to a strategic investor.