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Union Capital Group announces the acquisition of Plane Tree Capital

29 August 2011

(Union Capital Group) August 29, 2011 – Union Capital Group (“UCG”) entered into a binding purchase agreement to acquire Plane Tree Capital LLP (“Plane Tree”), a London-based investment management firm focused on the energy sector in Latin America. Plane Tree’s activities will be combined with UCG’s private equity business to form UCG Investments (“UCGI”), a new investment management unit operating from London and Montevideo, and managing over US$750 million invested in real assets in Latin America.

Juan Sartori, Chairman of UCG, remarked: “We invest alongside our investors in businesses underpinned by ownership of real, tangible assets. Latin America’s fast-growing energy demand and abundant natural resources offer compelling investment opportunities in the conventional and alternative energy spaces – both strategic growth areas for UCG. By acquiring Plane Tree Capital, we are able to integrate a team with the skills and experience required to execute our strategy in these sectors and at the same time increase our institutional presence in London with the addition of a new office.

Francisco Roque de Pinho, co-founder of Plane Tree and COO of UCGI, added: “We are excited about joining forces with UCG’s investment management team, with whom we share a long-term vision for Latin America. Being part of UCGI will give us access to unparalleled resources and represents a fantastic opportunity to continue deploying capital across the region and increase the reach and scope of our activities.”

Completion of the transaction remains subject to a number of customary closing conditions, including regulatory approval.

About Union Capital Group and UCG Investments
Union Capital Group is a privately held investment management firm with offices in Geneva, London, Paris, Montevideo, and Malta. Union Capital Group’s real asset investment arm, newly renamed UCG Investments, is a leading private equity firm dedicated to Latin America, with a team of 24 investment professionals operating from London and Montevideo and managing over US$750 million invested across the agriculture, energy, forestry, minerals, and real estate sectors. For further information about UCGI, please visit

About Plane Tree Capital
Plane Tree Capital is a London-based investment management firm established in late 2007 to provide investors with well managed exposure to the energy sector in Latin America. Plane Tree Capital is authorised and regulated by the UK Financial Services Authority.