Black Opal has established their operations in the municipality of Bagé in state of Rio Grande do Sul, after a significant investment by the shareholders. Black Opal's management have successfully developed, acquired, synergized and created value in an alternative asset class. For the past 125 years, the group has been in the beef cattle business. The seasoned team of 4th generation farmers/ranchers has international and local know-how and experience in production agriculture, agribusiness, marketing/distribution and finance. The group established beef value chains in the United States and Argentina; Leveraging on the success of on-going purebred beef cattle business; Black Opal is now duplicating the same strategy in Brazil.