Duxton Group Invests $12M into SA Orchards
Monday, 1st July 2013
Duxton Asset Management, based in Singapore, and associated investors have invested $12M AUD into Rivercorp Land and Water apple orchards, joining a consortium of investors in a transaction managed by M&A Partners of Melbourne.
We are pleased to be investing alongside a capable management team at Rivercorp and we look forward to partnering with them in the coming years while growing and expanding this business noted Ed Peter, Chairman of Duxton.
The new capital will be used by Rivercorp to invest further in horticulture within Australia.
It’s positive to see a leading global investment group allocating capital to the Australian agricultural sector – it should encourage local capital to take a harder look at opportunities in the segment commented Mark Hardgrave of M&A Partners.
Duxton specialises in alternative investments within agriculture and emerging markets with c. $620M USD in FUM. Duxton is currently invested in agricultural projects on 5 continents, including four in Australia.
The team at Rivercorp is excited to be tying up with Duxton and looking forward to benefiting from their international farming expertise said CEO Fergus McLachlan.
Rivercorp has major orchard operations in the Loxton and Mount Gambier regions of South Australia. Duxton is excited about the prospects for Rivercorp with its significant scale and exposure to early season apples in South Australia.
Desmond Sheehy, Chief Investment Officer of Duxton commented, Rivercorp fits well into our globally diversified agricultural investment strategy. Following other recent investments in Vietnam and India, Duxton is pleased to have closed another investment in Australia, a key region for our firm.
For further information:
Rivercorp Land and Water Limited
Fergus McLachlan 08 8267 6622
M&A Partners Pty Ltd
Mark Hardgrave 03 9078 5850