Oil & Gas – Navitas Land and Mineral
In 2011, Black Legend Capital acted as a consulting advisor and investor in the capital structure and business development efforts of a new oil company expanding operations, by opening different fields, implementing a work-over/drilling program and increasing oil production by more than 800%. Black Legend Capital acted as interim CFO and COO of the company. Navitas Land and Mineral was based in the Illinois Basin, which is an interior Cratonic basin covering central and southern Illinois, southwestern Indiana, and western Kentucky. The company, at the time, had leases in the basin and was in the process of selecting leases with an additional potential of 3.7 million barrels of producible reserves. The company applied low-cost operating practices and employed a variety of innovative methods to enhance production and maximize reservoir drainage.
Mining – Borneo Resource Investments
In 2011, Black Legend Capital acted as a consulting advisor and investor in the public listing and capital structure efforts of a U.S. publicly traded holding company, Borneo Resource Investments. The company had an investment portfolio comprising proven precious metals and natural resource assets in the Republic of Indonesia. At the time of the transaction, Borneo targeted a total concession platform of 250,000 hectares and used to be one of the largest concession owners in the region. Borneo’s natural resource portfolio included three gold properties, and several concessions with high quality thermal and steaming coal for use in power generation facilities.
Consumer Products – Sambazon
In 2008, Black Legend Capital’s founder acted as a consulting advisor to Sambazon, while at Partnership Capital Growth. Founded in 2000, Sambazon is a consumer beverage company known for producing organic super food drinks. Its product line includes fresh juices, smoothies, energy drinks, sorbets, and frozen super fruit packs. At the time of the transaction, the company’s principal operation were in California, with subsidiary operations worldwide. The company used to sell its branded consumer products in nearly 10,000 U.S. juice & coffee bars, supermarkets, cafes and mass merchandisers, as well as internationally in Canada, Mexico, Japan, Korea, Taiwan, and Brazil.
Consumer Products – PeaceWorks Holdings
In 2008, Black Legend Capital’s founder acted as a consulting advisor to PeaceWorks Holdings, while at Partnership Capital Growth. PeaceWorks Holdings is a healthy snack company founded in the 1990s known for its KIND bars and snacks. Its award-winning, high-quality and all-natural snacks are made with whole fruits and nuts to satisfy consumers’ needs for healthy and convenient snacks. At the time of the transaction, KIND was sold in over 20,000 locations, including major grocery chains, as well as overseas and online. KIND used to be the #1 fastest growing brand in all snack bar segments and in the healthy snack bar category.
Consumer Products – Burgerville
In 2008, Black Legend Capital’s founder acted as a consulting advisor to Burgerville, while at Partnership Capital Growth. Burgerville is an American fast-food chain founded in the 60’s which, at the time, operated over 39 fast-food restaurants in Oregon and Washington. The company’s quick-service restaurants were dominant in the greater Portland/Vancouver area. It is known to offer natural, seasonal, and locally farmed products. At the time of the transaction, Burgerville’s average unit volume was among the highest in the quick-service restaurant industry, making high sales per square foot, despite a larger format than other top chains.