New Britain Palm Oil Limited

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New Britain Palm Oil Ltd
Date: April 2011
Deal Size: $240m debt refinance
About the client: NBPOL is the world leader in the production of sustainable palm oil, from its extensive plantations in Asia. Akur (and the partners at Akur) advised NBPOL during its IPO in December 2007 on the Main List of the London Stock Exchange, when it was valued at c.£380m all the way through to its eventual takeover in 2014 by Sime Darby for £1.1bn – no further equity was issued during the period NBPOL was listed.
About the transaction: Akur led the refinance of a significant acquisition loan of c.$175m from Standard Chartered into a long term facility of $240m from OCBC.
Lead: Tom Frost
New Britain Palm Oil Limited
 
 
 

Chris Young…

Chris is focused on listed closed-ended funds, specialising in both equity and debt capital fundraising. He has over 16 years’ experience in both sales and research. With relationships across many of the large institutional investors in the sector, he has worked across IPOs, secondary fundraisings, placings and sales. He began his career in the City as an investment funds analyst at Credit Lyonnais in 1999, and has subsequently held positions at Lazard Panmure Gordon, Arbuthnot Securities, and most recently as a specialist salesman within the investment funds team at Westhouse Securities. He is focused on private and public real estate and REITs, infrastructure and utilities, emerging markets, private equity and alternatives. Tel: +44 (0) 20 3780 8746 Mob: +44 (0) 7471 141 303 Email: cyoung@akur.co.uk