Private Equity

Hancock Timber boosts southern US timber assets with 98,000 acres in Florida as Plum Creek offloads non-core investments.

Craigmore’s second fund has collected a number of soft commitments ahead of a first close expected shortly.

The New Zealand government has blocked Shanghai Pengxin’s purchase of the country’s largest dairy farm, halting the Chinese conglomerate’s ambition to build a NZ$1bn farm empire.

Black River Asset Management, the private equity arm of agribusiness giant Cargill, has sold its 26% stake in AgriNurture, a Philippines-based distributor and exporter of fruits and vegetables, at a significant loss.

The S$550m fund launched in November was initially seeking S$400m.

Rikard Kjörling joined the fund in 2007 to head the newly-created unit.

The new fund will target both international and domestic investors and has already begun fundraising.

Nigeria has called on foreign investors to invest in its large agriculture sector, as it looks to reduce its reliance on imported foods and expand its exports beyond oil.

The challenges of agri investing in Vietnam, the role of China and the next stage for Loc Troi were among topics covered in a recent chat with Mekong partner Chad Ovel and deal leader Thu Ha.

The US private equity firm has sold the California ranch, which supplies naturally-reared pork to Chipotle Mexican Grill restaurants, after nearly doubling its business.