Growing offshore demand and healthy prices for Australian almonds have prompted the owner of a 1000-hectare producer to get cracking on a sale process, bringing in PwC to shop the business to interested parties and cash in on a bullish outlook for the sector.
Street Talk understands UK-based food and agriculture investor Cibus Capital has readied for sale Amaretto Almonds, a producer with two orchards in Australia’s premier almond-growing regions – Lake Powell in Victoria and Tooleybuc in New South Wales.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com