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New Forests buys 50% of McPhee Beef Farms for over $150M, forming Benditi Pastoral Company.
Global fund manager New Forests acquired a 50% stake in McPhee Beef Farms, a major Australian cattle operation, for over $150 million.
The deal, subject to Foreign Investment Review Board approval, will create Benditi Pastoral Company.
The McPhee family retains the other 50% and will manage operations for at least three years.
This is New Forests' fourth Australian investment through its ANZLAFF fund.
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New Forests compra el 50% de McPhee Beef Farms por más de $ 150 millones, formando Benditi Pastoral Company.