JBS Investment Management

Deterra Royalties Limited, established in Australia in 2020, operates as a royalty investment company with headquarters in Perth. Its primary asset is the Mining Area C Royalty (MAC), an iron ore mine located in Pilbara, Western Australia, which generates income through royalties on production from BHP's North Flank and South Flank mines, along with potential future developments like Tandanya and Mudlark deposits. Additionally, Deterra manages a diversified portfolio of royalties across various commodities such as bulk metals, base metals, battery minerals, and energy, including interests in five smaller royalties.

ACV Auctions, Inc. is a wholesale automotive auction company headquartered in Buffalo, New York, founded in 2014. It operates a mobile platform that facilitates online auctions for used-car dealers, allowing them to view, bid on, and purchase car inventory directly from other dealers. The platform provides a digital marketplace that streamlines the buying and selling process, offering real-time alerts for available vehicles and enabling live auction participation. Additionally, ACV Auctions offers a pricing application tailored for franchise dealers, enhancing the auction experience and providing transparent and accurate vehicle information to users.

Booktopia is an online book retailer that primarily serves customers in Australia and New Zealand. The company specializes in the sale of physical books through its website, but also offers a diverse range of products including ebooks, audiobooks, DVDs, stationery, gifts, and magazines. By focusing on the sale and distribution of books and related items via its online platform, Booktopia has established itself as a significant player in the e-commerce space for literature and media products.