Aerial shot of a white cotton field with machinery
The sale of One Tree for upwards of A$250m would mark another step towards the complete divestment of Proterra’s second Global Agriculture Fund.
Managing director Pier Luigi Rossi says his firm is working to consolidate in an Italian market many investors find ‘interesting but scary’ as it seeks $200m for Fund II.
BTG’s Mark Wishnie says an expectation that the private sector will be made responsible for its carbon emissions is driving action in voluntary carbon markets.
CDPQ, Encore and Forward Consumer Partners are among the firms buying and selling purveyors of baked goods.
Sydney harbor
Merricks Capital, which manages the A$470m Agriculture Credit Fund, will become part of ASX-listed Regal Partners in July 2024.
CEO Ejnar Knudsen says Devil Mountain Wholesale Nursery is the third recent divestment of a Fund II business, reflecting an active stance among strategic investors.
Salsa and tortilla chips
The salsa and tortilla chip business becomes the firm’s second acquisition since it closed its $425m debut fund.
Dairy giant Fonterra will listen to offers for its consumer brands as well as its manufacturing facilities in Australia, New Zealand and Sri Lanka.
Cotton growing in a field with sun rising
Australia's competition watchdog expressed concern that LDC’s acquisition of Namoi Cotton could ‘substantially lessen competition’ in the supply of cotton ginning services in northern Australia, among other issues.
Australia Windmill
The latest edition of Rural Bank’s annual analysis of Australian farmland values shows that growth rates continued to slow after an exceptionally strong five years.
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