In a deal representing one of the largest foreign investments in India’s ag-related sector, Japan’s Yanmar Co. Ltd. has agreed to buy Blackstone Group’s 17.75 percent stake in International Tractor Ltd (ITL), owner of the Sonalika farm equipment brand, for between Rs 1,600 cr and Rs 1,700 cr (about US$250 million). This deal now values […]
Michigan-based Natural American Foods, a portfolio company and affiliate of private equity firm Peak Rock Capital, has agreed to acquire Sweet Harvest Foods Co. The deal will combine two of the leading honey companies in the U.S. and will increase the share of honey-related businesses in Peak Rock’s portfolio. With offices in Austin, Texas and […]
Diamond Estates Wine and Spirits, a Canadian operator of two wineries in the Niagara region and Ontario and distributor of more than 120 brands of wines and alcohol, announced that is has closed a private placement offering for total gross proceeds of $8.8 million with agents Paradigm Capital Inc. and GMP Securities LP. Proceeds from […]
Bunge Ltd. has agreed to acquire Ana Gıda İhtiyaç Maddeleri ve Sanayi Ticaret A.Ş. (Ana Gıda), Turkey’s leading olive oil producer and producer of corn, and sunflower oils for an undisclosed amount. Under the terms of the deal, Bunge will acquire a 55.25 percent stake in Ana Gida from Anadolu Group and the remaining 44.75 […]
London-based asset manager, Ashmore International, announced its most dynamic quarter to date with an overall total acquisition of 12,000 acres across six South American countries for US$50 million. Of this total, 8,000 acres are coffee farmland that were acquired for US$35 million. “We had a very strong quarter in terms of both overall portfolio growth […]
The Oregon Public Employees Retirement Fund (Oregon PERF) has approved an allocation of $400 million to alternative investment vehicles. Of this total, a commitment of $100 million to Homestead Capital USA’s Farmland Fund II has been approved. This commitment from the $68 billion Oregon PERF to Homestead’s Farmland Fund II accounts for one quarter of […]
Norway-based Marine Harvest has been nominated by receivers to acquire the farming assets of Canada’s Gray Aqua Group for C$15 million (US$11.2 million) through a cash and debt free transaction. Headquartered in New Brunswick on the East Coast of Canada, the strategic deal will broaden Marine Harvest’s geographic footprint beyond its presence along the West […]
Dutch private equity fund, DOB Equity, has made an undisclosed investment in Kenyan dairy processing company, Countryside Dairy, as part of the firm’s plan to increase its social impact investments in the country. Launched in the town of Nyahururu in 2014, Countryside Dairy Ltd. processes approximately 100,000 liters of milk per day into pasteurized milk […]
Brazil’s Vale SA has agreed to sell the bulk of its fertilizer business to The Mosaic Co. for $2.5 billion as part of its strategic efforts to pay down debt. Once closed, the deal will make Mosaic one of the top fertilizer producers and distributors in Brazil, giving the group an extended presence in one […]
Al Dahra Agriculture, a subsidiary of Dubai-based Al Dahra Holding announced the acquisition of a majority stake in West Australian feed processor and supplier, Glenvar Hay. The deal, facilitated by the Western Australian Trade Office (WATO) which was established in Dubai in 2002 with the goal of increasing investment flows between the Middle East, Africa […]
