Deal profile I Gadens acts on TRT Pastoral Group’s acquisition of $45m King Island aggregation
22 December 2017
Gadens has acted for Tim Roberts-Thomson’s TRT Pastoral Group in relation to its acquisition of the 6,786ha Kind Island aggregation from the Sustainable Agriculture Fund, one of the largest property sales of King Island’s history. Gadens was engaged to provide advice on all aspects of the acquisition.
Deal value: $45 million
Deal area: Agribusiness – M&A and Property
Practice groups involved: Corporate, Property, Banking & Finance
Key players: Gadens partner Richard Partridge led the multi-disciplinary team which included partners Peter Nadalin (Banking & Finance), Mark Woolley (Property) in addition to Emily Baker (Senior Associate, Property), Akshay Naidoo (Associate, Corporate), Harveen Dhaliwal (Lawyer, Corporate) and James Langanis (Lawyer, Corporate).
Deal significance: The acquisition of the King Island aggregation, comprising of 6785ha of cattle breeding and finishing systems in addition to a herd of over 14,000 cattle is documented as one of the largest sales ever recorded for King Island. Last year, the aggregation was recognised in the top 10% of producers in terms of meat quality.
Commenting on Gadens’ involvement in the deal, Richard Partridge says:
“We are pleased to have been able to assist TRT Pastoral Group with such a significant acquisition. The purchase will directly complement the Group’s current operations and will integrate with their other beef cattle operations on the mainland. It’s fantastic that we were selected to work with TRT Pastoral Group on various aspects of this deal, highlighting the very strong multi-disciplinary reputation of our firm.”
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