TSX/NYSE/PSE: MFC SEHK:
945
BOSTON, Aug. 19, 2021 /PRNewswire/ - Hancock Natural
Resource Group (HNRG), a company of Manulife Investment Management,
through its affiliate Rio Verde Holding Ltda., recently acquired
two operating companies with land use rights to 43,332 hectares of
highly productive eucalyptus plantations in Mato Grosso do Sul from Copa Gestão de
Investimentos Ltda., ("Copa") on behalf of its clients. The
acquisition is the second timberland investment by Manulife
Investment Management in the region this year. It is a strategic
priority for the firm to expand its timberland portfolio in
Brazil and, more broadly, to grow
its private markets' global capabilities across real assets, and
private equity and credit.
The plantations supply the increasing demand from the bleached
eucalyptus kraft pulp mills and benefit from being closely located
to the pulp producers. Copa has provided state of the art
technology to sustainably grow and maintain the forests which has
resulted in top quartile plantations for the region.
"We are pleased to announce this transaction to further build
our investment platform in Brazil,
which will benefit from the additional size and scale provided by
the acquisition of these plantations," said Tom Sarno, global head of timberland
investments, Manulife Investment Management. "Finding high-quality
assets, and working strategically with key Brazilian
counterparties, continues to be a key focus to enhance and
diversify clients' portfolios."
Manulife Investment Management manages approximately 5.7 million
acres of timberland across the United
States, Canada,
New Zealand, Australia, Brazil and Chile. It also oversees
approximately 400,000 acres of prime farmland in major agricultural
regions of the United States and
in Canada, Chile, and Australia. This is the third acquisition the
timberland and agriculture team has closed in South America in 2021.
About Manulife Investment Management Manulife Investment
Management is the global wealth and asset management segment of
Manulife Financial Corporation. We draw on more than a century of
financial stewardship and the full resources of our parent company
to serve individuals, institutions, and retirement plan members
worldwide. Headquartered in Toronto, our leading capabilities in public
and private markets are strengthened by an investment footprint
that spans 18 geographies. We complement these capabilities by
providing access to a network of unaffiliated asset managers from
around the world. We're committed to investing responsibly across
our businesses. We develop innovative global frameworks for
sustainable investing, collaboratively engage with companies in our
securities portfolios, and maintain a high standard of stewardship
where we own and operate assets, and we believe in supporting
financial well-being through our workplace retirement plans. Today,
plan sponsors around the world rely on our retirement plan
administration and investment expertise to help their employees
plan for, save for, and live a better retirement.
As of June 30, 2021, Manulife
Investment Management had CAD $1.0
trillion (US $834 billion) in
assets under management and administration. Not all offerings
are available in all jurisdictions. For additional information,
please visit manulifeim.com.
About Copa
Founded in 2012, Copa Investimentos (Copa)
is an independent Brazilian investment management firm
exclusively focused on timberland and rural real estate
investments. Copa manages funds that are involved in the
establishment, acquisition and management of plantation forests and
rural real estate. The founding partners of Copa
Investimentos are working together since 2005, having contributed
to the development of the Brazilian timberland investment market.
In this period, they participated in the structuring of the first
Brazilian timberland funds and of some of the main transactions and
investments in the industry. The firm is wholly owned by its
executives and Copa's partnership and remuneration frameworks
are based on meritocracy and long-term alignment of
interests.
View original
content:https://www.prnewswire.com/news-releases/manulife-investment-management-acquires-additional-eucalyptus-plantations-in-mato-grosso-do-sul-brazil-301359001.html
SOURCE Manulife Investment Management