The venture-backed New Zealand agtech company will offer up to 40 million shares at A$0.20 each before listing on the Australian stock exchange on August 31st.
Tokyo-headquartered Otsuka Pharmaceutical says that after the $325m deal is finalized, the plant-based cheese alternative supplier will become a pillar of its nutraceuticals business.
The development is the first stage of the Chinese company’s plans for a 10,000 hectare agri development on Carlton Plains, which it acquired from Terra Firma-owned Consolidated Pastoral Company last year.
The acquisition is the fourth since 2011 for OK Foods, an Arkansas-based subsidiary of Mexican poultry processor Industrias Bachoco.
ACG Materials’ purchase of Diamond Gypsum marks the seventh acquisition since the company entered H.I.G.’s portfolio in 2012.
The manager said investors are looking 'beyond just growing wood', underlining an increasing focus on potential for income from residential, recreational, and conservation-related uses of timberland.
Qualcomm Ventures led the Series B funding round for Prospera, which will use the capital to support a shift in focus from indoor to outdoor farms, among other initiatives.
Kansas-based Creekstone Farms has been sold by the US private equity firm after 12 years of ownership to Japanese grain trader Marubeni Corporation.
The business was sold by Louis Dreyfus Company to Helios' third Africa-focused fund, a $1.1bn vehicle closed in 2013.
Together with other DFIs, the World Bank affiliate will provide training to farmers in the east African nations as part of an effort to strengthen connections with local and international produce markets.