Other interested parties in the FruitSmart deal that could be worth as much as $105m included corporations, private equity funds, and endowments.
The ACCC raised its strongest concerns over a bid by New Forests, which dropped out shortly afterwards, paving the way for the competition watchdog to approve Global Forest Partners’ bid.
Vote on the A$72m sale of poultry assets to ProTen passed with approval from 65% of unitholders in RF Poultry, the listed vehicle that is the lessee and operator of the assets.
Fund manager Kaizen Capital has expressed concerns over alleged conflicts of interest and undervaluing of assets, and called for a vote on the sale to be delayed until these could be addressed.
Global food and agriculture sector lead Taryn Goodman said the fund’s portfolio companies are well placed to support local income and benefit from increasing affluence.
One Tree Agriculture lists properties after completing sale of another Queensland aggregation earlier this year to Canadian pension PSP.
Co-founder and co-chief executive Dustin Beck says Butterfly worked with OTPP’s direct investing unit on the acquisition of a majority stake in Orgain earlier this month.
The Chinese firm sold one of the smaller properties in its portfolio due to a restructure, with the sale value understood to be north of A$13.2 million.
Undertakings by ANZ Terminals to divest a facility in South Australia and to exclude a facility at Port Kembla from the deal alleviates competition concerns, the competition watchdog said.
Ascendant Partners’ Mark Warren says growing consumer demand and product innovation helped bring strategic and financial investor interest in the Organic Ventures’ unit offering grains like quinoa, durum and spelt.
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