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"Getting to Know You "...another CWB's Accredited Exporter

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    "Getting to Know You "...another CWB's Accredited Exporter

    Look on the CWB's website:


    http://www.cwb.ca/dom/db/buying/sales_process/accredit.nsf/accexppage2?ReadForm&CategRegion=Europe%20/%20Africa


    The CWB lists a company named Gavilon LLC, as their accredited exporter, along with the following:
    Contact Person: Dave Champion
    Telephone Number:1-204-926-8697
    E-mail:dave.champion@conagrafoods.com
    Fax Number:1-402-943-5370

    Regional Coverage: Europe / Africa, Latin America and the Caribbean, United States

    Commodity:Wheat, Durum Wheat, Feed Barley



    So who is Gavilon LLC? Anybody know? I surely didn't.


    On this website:
    http://www.grainnet.com/articles/ConAgra_Sells_Trading_and_Merchandising_Operations _to_Investor_Group_Led_by_Ospraie_and_Authorizes__ 500_Million_Share_Buyback_Program-59372.html

    Under the heading:


    QUOTE" ConAgra Sells Trading and Merchandising Operations to Investor Group Led by Ospraie and Authorizes $500 Million Share Buyback Program
    Date Posted: June 24, 2008

    Omaha, NE—ConAgra Foods, Inc. (NYSE: CAG) announced June 23 the completion of the sale of its commodity trading and merchandising operations conducted by ConAgra Trade Group.

    ConAgra Trade Group was sold to an investor group led by Ospraie Special Opportunities Fund, which also includes global growth investor General Atlantic LLC and a private investment fund managed by Soros Fund Management LLC.

    ConAgra Trade Group was sold for approximately $2.8 billion, net of transaction costs and subject to post-closing adjustments.

    The final proceeds are higher than originally estimated due to increases in ConAgra Trade Group's book value, reflecting gains and additional working capital.

    The Ospraie Special Opportunities Fund is an affiliate of Ospraie Management, a leading investment management firm focused exclusively on commodities and basic industries with approximately $9 billion under management.

    The sold businesses will now operate as The Gavilon Group, LLC. UNQUOTE


    Well, now you know! So, will they do a good job for the CWB? Be reliable? How does Ospraie appear to you as the CWB's accredited agent? What horse have they been riding?

    On this website:

    http://www.marketwatch.com/news/story/ospraie-energy-hedge-fund-firm/story.aspx?guid=%7B64FFA1B9-F0F1-4CC3-BD05-EB49EB52EF84%7D

    QUOTE

    "Ospraie hires buyout specialist from JP Morgan
    By Alistair Barr, MarketWatch
    Last update: 2:08 p.m. EDT Aug. 23, 2006
    SAN FRANCISCO (MarketWatch) - Ospraie Management LLC said on Wednesday that it hired a buyout specialist from J.P. Morgan Chase to help the $4 billion hedge fund firm make private-equity type investments in the energy industry.

    Before joining Ospraie, Luis Paz-Galindo was a member of the U.S. Domestic Growth Equity and Leveraged Buyout group at J.P. Morgan (JPM:
    JPMorgan Chase & CoJPM 38.00, 1.74, 4.8%) , with a focus on energy deals, Ospraie said in a statement.

    Paz-Galindo will become part of Ospraie Advisors, an affiliate of Ospraie which manages the Ospraie Special Opportunities Fund. That fund makes more illiquid, private equity type investments in commodities and basic industries. Paz-Galindo will report to John Duryea, lead portfolio manager of the Special Opportunities fund.

    Ospraie was started by Dwight Anderson as part of Tudor Investment Corp. in 2000. He took the firm independent in 2004.

    Ospraie was hit earlier this year by volatility in commodity markets. The $250 million Ospraie Point fund was shut down after a costly bet that a rally in commodities such as copper would end.

    UNQUOTE


    So, Ospraie

    It's always interesting for farmers to take a look at the CWB's partners isn't it?

    Parsley

    http://www.boatnerd.com/news/archive/4-08.htm

    QUOTE

    "Peavey Elevator to be sold

    4/19 - Superior - When it comes to sales of grain elevators in the Twin Ports, 2008 probably will go down as a bumper year.

    ConAgra announced plans to sell the Peavey Co. Elevator, including Elevator M and Daisy Mill in Superior, to a New York City investment group called Ospraie Management LLC. The elevator is just one of 144 facilities to be sold as part of a $2.1 billion transaction expected to close by June."

    "Assuming the ConAgra/Ospraie deal goes through, the elevator will operate as a subsidiary of the newly formed Gavilon LLC. But a spokesman for Ospraie, Gavilon’s parent company, said the Superior facility will continue to do business as the Peavey Co. Elevator. “After the sale, we believe it will be business as usual for all our elevators,” said Jeff Mochal, a ConAgra spokes-man. “They [Ospraie] have said they have no intention of doing anything differently.” In fact, Greg Heckman, president of ConAgra Foods, has been tapped to serve as Gavilon’s chief executive."

    Why were you complaining about Con Agra,awhile back, Agstar? They're your CWB's business partner, aren't they?

    #2
    We'll have to see how long this 'fund' wants to stay in the business. I hope their investment decision was not just based on sort term euphoria eminating from the commodity price spike of the last few months. It is always good to see new entrants and new capital flowing into our industry.

    The grain businesses in Canada and around the world have tradiionally been held by long term, patient investors. It will be interesting to see a year or two from now how this evolves.

    Mr. Champion is a very experienced Canadian grain merchant. It seems the MBA's in New York who are behind this might have recognized they need practical and exeperienced people to help ensure their investment has a successful outcome.

    I hope they succeed. We need this and other capital to keep this industry competitive and growing.

    Comment


      #3
      Machej and Champion are close.

      Gavilon has assets to move grain through.

      Does Machej?

      Comment


        #4
        Glad someone pointed out the differences, or I would have missed it.


        According to their website, Gavilon seems a bit prepared to act as the CWB's accredited agent for the Europe / Africa, Latin America and the Caribbean, US regions. They spit out what Gavilon does.....

        * leases 4300 rail cars annually
        * ships more than 12,000 containers annually
        * 3,000 barges annually
        * charters 350 vessels annually
        * operates 64 grain elevators in North America


        Machej, on the other hand, doesn't have a website I could find. Contact names are missing. The only webpage I could find any information about him is this one on Google:

        http://www.smalldeadanimals.com/archives/005432.html

        So, uh, why would the CWB pay Machej to be their accredited exporter? What does he have that Gavilon does not? They both sell into the same region.

        Anyone?


        Parsley

        Comment

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