Rest Super Makes its First Alternative Impact Investment in Cibus Fund II
By Lynda Kiernan-Stone, Global AgInvesting Media Rest Super (Rest), one of Australia’s largest profit-to-member superannuation funds with 1.9 million members and more than A$80 billion (US$52.3 billion) in global AUM, has made its first alternative asset class impact investment in Cibus Fund II. Advised by London-based Cibus Cap
Read moreBrief: CBRE Managing Sale of Yarrum Almond Aggregation With Expectations of $22M
By Lynda Kiernan-Stone, Global AgInvesting Media CBRE Agribusiness’s Angus Bills, Matt Childs, and John Harrison are managing the sale of the 635-hectare Yarrum Agriculture Almond Aggregation, representing a significant early-stage opportunity for potential buyers. Only twenty years ago, Australia’s almond industry totaled 5,000 hec
Read moreElanco Sells Aqua Business to Merck in $1.3B Deal
By Lynda Kiernan-Stone, Global AgInvesting Media After a year-long review process, Elanco Animal Health announced it has agreed to sell its aqua business to Merck Animal Health for approximately $1.3 billion in cash. Generating about $175 million in revenue and an approximate $92 million in adjusted EBITDA, the business includes product
Read morePlanet A Foods Raises $15.4M Series A for Cocoa-Free Chocolate
By Lynda Kiernan-Stone, Global AgInvesting Media Chocolate is almost universally loved. But the cocoa industry has been long-beset with challenging issues – economic, environmental, and social – including climate change, deforestation, child labor issues, and smallholder producers earning barely the price of a candy bar per day. In
Read moreBain-Led Investor Consortium Takes Control of Accolade Wines
Lynda Kiernan-Stone, Global AgInvesting Media After six years being owned by The Carlyle Group, Accolade Wines, a global premium wine and spirits company and the second largest wine company in Australia, announced it has agreed to a recapitalization plan that will result in a change of control of the company. Under the terms of th
Read moreSaga Robotics Gains $11.5M for US and UK Expansion
photo credit: Saga Robotics By Lynda Kiernan-Stone, Global AgInvesting Media As agtech steps up to develop and provide sustainable solutions for the future of agriculture, Norway-based Saga Robotics has successfully closed on $11.5 million in growth capital. This funding was committed by existing investors Nysnø Climate Invest
Read moreScottish Borders Council Partners With Nuveen’s Timberland Fund for First Natural Capital Investment
By Lynda Kiernan-Stone, Global AgInvesting Media The Scottish Borders Council Pension Fund has partnered with Nuveen to make its first natural capital investment by backing Nuveen’s flagship Global Timberland strategy, while noting the potential for future allocations across Nuveen’s Natural Capital platform in both forestry and farmla
Read moreLouis Dreyfus Agrees to Fully Acquire Namoi Cotton
By Lynda Kiernan-Stone, Global AgInvesting Media Louis Dreyfus Company (LDC) has agreed to acquire the remaining 83 percent it already doesn’t own in Australia’s Namoi Cotton by way of a Scheme of Agreement that is expected to be implemented in mid-2024. Namoi is a pioneer in the Australian cotton industry. In business since 1
Read moreInari Closes on $103M Series F For its SEEDesign™ Platform
By Lynda Kiernan-Stone, Global AgInvesting Media I have been sharing the successes of mission-driven seed breeding technology company Inari for about six years, and now I get to share that the company has closed on $103 million in Series F funding, bringing total equity raised to-date to over $575 million. In a show of enduring confi
Read moreElo Life Systems Closes on Oversubscribed $20.5M A2 Round for Molecular Farming Platform
By Lynda Kiernan-Stone, Global AgInvesting Media Less than a year after food tech company Elo Life Systems (Elo) closed on a $24.5 million Series A, the company announced it has now closed on an oversubscribed $20.5 million A2 round led by DCVC Bio and Novo Holdings, bringing total capital raised to-date to $45 million. Other part
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