May 1, 2008
Cargill Animal Nutritions invests in Feed Management Systems Inc
Cronus Partners LLC ("Cronus Partners") is pleased to announce it acted as the exclusive financial advisor to Feed Management Systems, Inc. ("FMS") in its capital raise from Cargill Animal Nutrition ("CAN").
To accelerate software development at FMS, CAN has provided capital in exchange for a 25 percent equity stake in FMS. The investment marks a further evolution of the relationship between Cargill and FMS, which in May 2007 announced the formation of a marketing alliance and referral program of their software products and processes that support feed management decisions.
"Feed Management Systems is an innovator in developing software solutions for the feed industry," said Richard Reynertson, Chief Executive Officer of FMS. "We share with Cargill a mission to create additional value for the feed industry, and together we will be able to accelerate our plans to enhance existing applications and offer better technology solutions to the global feed industry.
FMS is an award-winning software solutions company and integrates information between feed manufacturers and their suppliers and customers.
Cargill Animal Nutrition is a business unit of Cargill, Incorporated, bringing product and service solutions to producers. With 158,000 employees in 66 countries, Cargill is an international provider of food, agricultural and risk management products and services.
Cronus Partners is an independent investment banking firm that advises on mergers, acquisitions, divestitures, sales, and private placement financings.