By Lynda Kiernan-Stone, Global AgInvesting Media Global investment company Proterra Investment Partners is divesting its Australian farm portfolio – the Corinella Group Pty Ltd consisting of 49 farms across southeastern Australia – with expectations of fetching A$350 million (US$256.8 million). Encompassing more than 22,500 hectares (55,599 acres), the bulk of the assets are grain growing […]
By Lynda Kiernan-Stone, Global AgInvesting Media UK-based social impact and sub-Saharan-focused investor AgDevCo announced its latest investment of $3 million in Quinta da Bela Vista Limitada (QBV) – an irrigated banana estate in Mozambique’s Boane area. As a specialist investor in African agriculture, AgDevCo envisions a thriving ag sector benefitting both people and planet. The […]
By Lynda Kiernan-Stone, Global AgInvesting Media Global alternative investment leader AXA IM Alts announced it has agreed to acquire 24,000 hectares (59,305 acres) of Australian forest and the associated forest management business from investment funds advised by U.S.-based Global Forest Partners LP (GFP) through a deal valued at approximately $775 million. This acquisition of the […]
By Lynda Kiernan-Stone, Global AgInvesting Media Global fruit genetics and licensing company Sun World announced it has expanded its presence in Australia with the addition of licensed grape grower and marketer Fresh Produce Group of Australia (FPG). Through this agreement, FPG now joins Sun World’s licensees Costa Group, Perfection Fresh/Fruit Masters, and Fruitico. “It’s a […]
By Lynda Kiernan-Stone, Global AgInvesting Media This week is big for timber deals in the Pacific Northwest. BTG Pactual Timber Investment Group (TIG) has acquired the management of two timber funds, (Fund III and Fund IV), with a co-investment interest in both vehicles from Olympic Resource Management (ORM), a subsidiary of Rayonier Inc., for an aggregate […]
By Lynda Kiernan-Stone, Global AgInvesting Media Global investment manager New Forests has acquired 156,000 acres of forest land in the Hilt-Siskiyou Forest – a mixed conifer forest along the border of California and Oregon – from Fruit Growers Supply Company (FGS), alongside an institutional investor client. FGS has a long history in connection with the […]
By Lynda Kiernan-Stone, Global AgInvesting Media Tate & Lyle has announced its agreement to sell a majority stake in its Primary Products division – a production unit that makes corn-based sweeteners, industrial starches, and acidulants in North America and Brazil – to KPS Capital Partners. The deal will result in two new standalone businesses – […]
photo credit: Suja Life By Lynda Kiernan, Global AgInvesting Media Paine Schwartz Partners has acquired California-based Suja Life, a leader in organic, cold-pressed beverages, including juices, kombucha, and vinegar beverages, from Gold Sachs Asset Management and co-investors for an unspecified amount. Suja sold a 30 percent stake to Coca-Cola for $90 million, and another 20 […]
By Lynda Kiernan-Stone, Global AgInvesting Media Sycamore Partners Management, a New York-based private equity firm focused on retail and consumer investments, has acquired Ste. Michelle Wine Estates (SMWE) – the largest winery in the Pacific Northwest, and third-largest premium winery in the U.S. – for $1.2 billion in cash, from tobacco company Altria’s subsidiary U.S. […]
By Lynda Kiernan-Stone, Global AgInvesting Media Global fruit and vegetable giant Dole has filed with the U.S. SEC for an IPO on the New York Stock Exchange as a closing move connected to its merger with Ireland’s Total Produce. Dole has been back and forth between being public and private in recent years. David Murdock, […]
