Investment manager

Macquarie sells local grain company to global forest investment manager

On Monday, the company confirmed that an agreement had been reached between New Forests and Alberta Investment Management Corporation (AIMCo), on behalf of certain clients, to acquire Lawson Grains.

Lawson Grains is one of Australia’s largest grain producers and includes 90,500 hectares of arable land in New South Wales and Western Australia.

“We are delighted to have entered into an agreement for the sale of Lawson Grains, which we are proud to have built on behalf of our investors over the past 10 years,” Liz O’Leary, head of agriculture at Macquarie Asset Management, said.

“This transaction demonstrates the natural evolution of agriculture as an increasingly mature and attractive alternative investment class. It provides a vote of confidence to investors regarding whether to invest in agricultural businesses and ultimately make the investments the same way they are used to doing in other classes of business. ‘assets.

“Making this successful investment will allow our company to envision the next opportunity. ”

Lawson Grains will remain managed by Australia under its ownership.

“Lawson Grains is a diverse, high-quality farming company with an experienced management team,” added Mark Rogers, Senior Managing Director of New Forests (Australia, New Zealand, US).

“We look forward to working with the management team to continue to grow the business and add value.

“New Forests will bring its sustainability approach to Lawson Grains, managing for sustainable agricultural production and natural climate solutions, including soil carbon and native revegetation, and focusing on community engagement.

“This investment is a natural extension of New Forests’ landscape management approach, ensuring integrated production in Australia’s diverse landscape, and supported by our valued client AIMCo.

Completion of the acquisition is subject to the approval of the Foreign Investment Review Board.

Macquarie sells local grain company to global forest investment manager

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Last updated: September 07, 2021

Posted: 06 September 2021

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