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Veber Partners assists Tradewinds Forest Products, LLC, in arranging its phase 1.5 fundraising round of $6.0 million.
PORTLAND, OR (September 20, 2006) Veber Partners (www.veber.com), a leading boutique investment and merchant banking firm, acted as an advisor to Tradewinds Forest Products, LLC (the “Company) in completing its recent fundraising round. This round of financing in the amount of $6.0 million was raised to continue development of the Company’s new veneer mill/co-gen facility on the Big Island of Hawaii. The majority of these funds will be used to fund expenditures needed prior to breaking ground on construction of the Mill, such as deposits on major equipment, deposits on timber cutting rights, deposits on the site purchase contract, and other development activities.
Rockland Capital (www.rocklandcapital.com), a Houston-based investment group with interests in co-generation facilities, was the majority investor in the round. Individual angel investors completed the round.
Tradewinds is also in the process of negotiating terms and conditions for approximately $25 million of debt to complete the financing for construction and start-up of the facility.
About Tradewinds Forest Products, LLC
Tradewinds Forest Products LLC (“Tradewinds” or the “Company”) is developing a eucalyptus veneer mill and co-generation plant on the Big Island of Hawaii. Annual production of veneer is expected to be approximately 84 million square feet (3/8 inch basis). Production from the facility will be sold to LVL (laminated veneer lumber) producers located in the northwestern United States and Canada. The Mill will derive its competitive advantage from access to abundant eucalyptus forest plantations on the island. Eucalyptus veneer is superior in physical qualities to Douglas Fir and can be delivered economically to northwest LVL as a substitute for Northwest native species veneer. The project is sponsored by Don Bryan, CEO of Timber Exchange, Rockland Capital, an energy focused private equity fund, several Northwest angel investors, and Veber Partners.
Don Bryan has been the principal architect behind Tradewinds’ business plan and is the Company’s founder and CEO. Mr. Bryan is also the founder and president of The Timber Exchange, which is a timberland brokerage firm based in Portland, Oregon. Since 1967, Don has worked in the forest products industry in timberland acquisition and management for both Weyerhaeuser and The Campbell Group, a Portland-based timberland investment management firm. Don has been joined by Rockland Capital Energy Investments of Houston, Texas (www.rocklandcapital.com) to drive the project to completion. Tradewinds has recruited two key individuals to assist Don in the construction and start-up of the Facility: Gary Edwards, an experienced forest products manager for the veneer manufacturing business, and Greg Retzlaff, an experienced engineering manager who has previously built and operated several co-gen plants. Upon commencement of actual construction, Bryan, Edwards, and Retzlaff will reside near the production facility in Hawaii.
About Veber Partners, LLC
Veber Partners, LLC is a leading boutique investment and merchant banking firm focused on advising Pacific Northwest-based middle market and emerging growth companies on mergers and acquisitions, private placements, raising capital, fairness opinions, valuations and other financial advisory services. Veber Partners also acts as a merchant bank in buying profitable companies as a principal. Visit Veber Partners website at www.veber.com.
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