Addisons acted for Macquarie Asset Management on the sale of Lawson Grains to New Forests and Alberta Investment Management Corporation. Lawson Grains is one of Australia’s leading grain growing businesses, with over 90,000 hectares of agricultural land across New South Wales and Western Australia.
During its ownership Macquarie Asset Management successfully built the Lawson Grains management team and business, and implemented a strategy to invest in the latest technology, farming best-practices and in the communities in which it operates.
Lead Partner Daniel Goldberg commented,
‘The Addisons team was delighted to advise Macquarie on this significant transaction, continuing our long standing service of Macquarie’s agriculture investment businesses. Our teams across Corporate Advisory, Banking & Finance, Real Estate and Intellectual Property were able to apply our expertise in the agribusiness sector to ensure a smooth and successful outcome for Macquarie. We look forward to working with the parties and their advisers to closing it out.’
Daniel lead the cross-practice team which included Partners David Blackburn, Donna Short and Robert Kerr, Special Counsel Geri du Plessis, and Solicitors Patricia Lai, Samuel Siskovic, Alanna Wright and Andres Diaz.
The transaction remains subject to FIRB approval. Other agribusiness clients including Bega and SunRice.