M&A

Argyle Group will become a pure-play water rights investment manager under the Regal banner, sitting alongside Kitler Rural and Merricks Capital.

Tai Lin says Proterra Asia is attracted to the Chinese market and is also about to announce its first investment in Australia.

The Australian Competition and Consumer Commission is concerned that Olam Agri’s proposed takeover of Namoi Cotton could mean higher prices for cotton growers due to reduced competition among ginners.

Merricks Capital, which manages the A$470m Agriculture Credit Fund, will become part of ASX-listed Regal Partners in July 2024.

The salsa and tortilla chip business becomes the firm’s second acquisition since it closed its $425m debut fund.

The separation is being facilitated by way of separate debt recapitalizations of each business.

Managing partner Matt Leeds says he has ‘dreamt for years that Firehook would be Forward’s first investment’ as the firm begins deploying its $425m vehicle.

Louis Dreyfus Company’s acquisition of Australian firm Namoi Cotton comes as the industry seeks innovation in the face of climate concerns.

Blue Road Capital, Brynwood Partners and Union Capital are selling – or about to sell – makers of snacks and/or sweets.

Louis Dreyfus Company will use economies of scale to bolster the Namoi Cotton business while pursuing opportunities in northern Australian cotton.