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Transactions / F•••••

UniSuper, PPF and APG acquire F••••• and Tasmania... N•• F•••••• to continue as investment manager

Exit to a strategic buyerannouncedannounced Oct 5, 2023Fact
What happened
Platform
not an add-on on record
Control
unknown
Share acquired
unknown
Industry
unknown
Target location
unknown
Seller kind
Sponsor
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
4 named
Buy side
  • S•••••••••Strategic acquirerconfirmed
    S•••••••••: 5 October 2023 – Australian superannuation fund UniSuper, the UK’s Pension Protection Fund (PPF), and APG Asset Management N.V (APG) on behalf of its Dutch pension fund client ABP, have announced the acquisition of F••••• and a 170,000-hectare plantation forestry estate in Tasmania, from
Sell side
  • In 2013, a N•• F••••••’ managed entity acquired the estate with co-investors, and over the past decade, working closely with F•••••, has helped to transform the asset into what is today one of Australia’s leading sustainable timber producers. | published on N•• F••••••'s own news page newforests.com
Side not stated
  • Mark Rogers, C•••• E•••••••• O••••••, N•• F•••••• and Chair of F••••• said, “We have a long history with this asset in Tasmania and are delighted to bring together like-minded, long-term partners to support the future of forestry in Australia.
  • F•••••Targetconfirmed
    S•••••••••: 5 October 2023 – Australian superannuation fund UniSuper, the UK’s Pension Protection Fund (PPF), and APG Asset Management N.V (APG) on behalf of its Dutch pension fund client ABP, have announced the acquisition of F••••• and a 170,000-hectare plantation forestry estate in Tasmania, from
Evidence
S•••••••••: 5 October 2023 – Australian superannuation fund UniSuper, the UK’s Pension Protection Fund (PPF), and APG Asset Management N.V (APG) on behalf of its Dutch pension fund client ABP, have announced the acquisition of F••••• and a 170,000-hectare plantation forestry estate in Tasmania, from a N•• F•••••• managed fund.