New York, December 1, 2021 – The Rohatyn Group (“TRG”), a global asset management firm with expertise in forestry, agriculture and emerging markets, today announced that it completed the sale of the Kaiuroo Aggregation (“Kaiuroo”) to Rural Funds Management Limited (“RFM”), an Australian agricultural fund manager. Terms of the transaction were not disclosed.
Located in Queensland, Australia, Kaiuroo is an aggregation of four contiguous properties supporting a grazing area of 24,000 hectares for approximately 5,000 head of organic and non-organic grass-fed cattle. The property also includes cropping over 4,000 hectares on which more than 1,400 tons of wheat and almost 1,000 tons of chickpeas were harvested in 2020.
TRG CEO Nick Rohatyn commented, “Mixed-use properties such as Kaiuroo are ideal candidates for TRG’s agriculture strategy. Remaining agnostic to geography and product type can allow us to invest opportunistically in undercapitalized and underutilized farmland that offers significant scope for value improvement across a number of dimensions. We are excited by the current market landscape for agricultural and horticultural investments that have scale, and significant potential for further investment and improved environmental outcomes.”
TRG Partner Ian Jolly added, “Since purchasing Kaiuroo out of receivership in 2013, we have utilized rotational grazing and rest of cattle land to promote the development of desirable perennial grass species and no till cropping to conserve moisture and provide ground cover.”
Mike Claridge, TRG Partner and Head of Forestry & Agriculture, concluded: “The opportunity to acquire an established beef and cropping operation and improve the quality via development of irrigation and improved pastureland originally drew us to Kaiuroo. We are confident that we have found the right buyer in RFM to continue the momentum at Kaiuroo.”