By Lynda Kiernan-Stone, Global AgInvesting Media Louis Dreyfus Company Asia Pte. Ltd. (LDC) has entered into an agreement with Longriver Farms, an associated entity of Roc Partners, for the acquisition of Emerald Grain – a leading grain handler in Australia – for an undisclosed sum. Longriver Farms came into ownership of Emerald in late 2020, […]
By Lynda Kiernan-Stone, Global AgInvesting Media Global cannabinoid leader Aurora Cannabis announced it has acquired a majority stake in Bevo Farms, one of the largest suppliers of propagated vegetables and ornamental plants in North America, for C$45 million (US$33.4 million). Under the terms of the deal, over the three years following the closing, an additional […]
By Lynda Kiernan-Stone, Global AgInvesting Media Ste. Michelle Wine Estates, the largest winery in the Pacific Northwest and third largest premium winery in the U.S., has made its first major acquisition since being acquired last year by private equity house Sycamore Partners Management for $1.2 billion in cash. Ste. Michelle dominates the Washington wine industry, […]
By Lynda Kiernan-Stone, Global AgInvesting Media Calgary-based Veripath Farmland Partners’ (Veripath) R fund has made its second acquisition in as many months, acquiring an additional 1,600 acres of farmland in Alberta to bring total acres under management to 95,000. Launched in mid-2020 amid a global pandemic, Veripath has rapidly grown, operating on the conviction that […]
By Lynda Kiernan-Stone, Global AgInvesting Media A total of eight lending participants committed to backing an oversubscribed $225 million revolving credit facility led by Rabobank as the sole Lead Arranger, sole Bookrunner, and Administrative Agent for North American integrated sugar refiner Sucro Can Sourcing. Initially launched at $175 million, strong demand from new and existing […]
By Lynda Kiernan-Stone, Global AgInvesting Media La Maison Younan, a subsidiary of Younan Company, a global private equity firm specializing in the acquisition and management of a range of assets and companies in the luxury consumer space, has acquired its third vineyard in the renown Grand Cru region of Saint-Émilion, Bordeaux, France, for an undisclosed […]
By Lynda Kiernan-Stone, Global AgInvesting Media Considering it launched its official memorandum in mid-2020 during the worst of a global pandemic, Calgary-based Veripath Farmland Partners (Veripath) has rapidly grown, operating on the conviction that global demand for agricultural products, including food, feed, fiber, and fuel, make farmland – particularly Canadian farmland with compelling valuation discounts […]
By Lynda Kiernan-Stone, Global AgInvesting Media Centuria Capital Group subsidiary Primewest Agricultural Trust No. 1 (PWAT1) acquired a portfolio of six vineyards across eight properties, spanning 113.74 hectares from Accolade Wines through an off-market transaction. Together with 223 megaliters of water assets on a 10-year, triple-net sale-and leaseback term, the non-contiguous estates were secured for […]
By Lynda Kiernan-Stone, Global AgInvesting Media Macquarie Asset Management has expanded its farmland holdings through the acquisition of the Cowal Agriculture farmland portfolio in central Queensland, in a deal reported to be valued as high as A$120 million (US$82.49 million). Affiliated with U.S.-based Global Endowment Management, and located in Queensland Central Highlands region, the Cowal […]
By Lynda Kiernan-Stone, Global AgInvesting Media Cooke Inc., the parent company of Cooke Aquaculture in New Brunswick, Canada, has reached an agreement to acquire Tassal Group (Tassal), the largest vertically integrated seafood producer in Australia, for A$1.1 billion (US$760 million). (Fourth time’s a charm, as Tassal reportedly refused Cooke’s first three takeover bids.) “Tassal is […]
