Daniel Kemp
The Roc Capital and Wattle Hill vehicle raises its offer to A$21.00 per share for the Australian company amid speculation of a rival bid from listed dairy producer Bega Cheese.
Agriculture is one of several asset classes under consideration for the Australia China Family Office Alliance which has launched with A$50m of seed capital.
The Australian government’s interventions in the sector to subsidize farmers struggling with drought may ultimately do more harm than good.
A new report has found Australia invested $0.12 per capita in agtech in 2016, far behind $5.80 in the US and $6.05 in Israel.
Green Camel, in Sydney’s south-west, is raising A$8.5m as it pioneers organic glasshouse farming collocated with barramundi breeding on a commercial scale. Agri Investor got an exclusive tour of the facilities.
Gunn Agri Partners’ flagship fund reaches $141.4m in AUM with acquisition of Abingdon Downs.
New Zealand’s sovereign wealth fund is aiming to increase its ag weighting to 3% of its assets and is increasingly looking offshore to achieve this, following its first move into Australia in 2017.
The Canadian pension made the investment through its strategic tie-up with the embattled fund manager, securing the asset from a Singaporean vendor on a sale-and-leaseback deal.
The fund, which has invested in water rights and almonds through the Brisbane-based manager, is monitoring the situation due to potential reputational risk.
The A$50m asset is the first to be broken off from the company’s wider portfolio, which is still subject to a sale process.