PSP Investments acquires majority of agribusiness BFB
Public Sector Pension Investment Board (PSP Investments) has acquired a majority stake in BFB Pty Ltd, a Temora, Australia-based diversified farming business. Terms weren't disclosed. The seller was U.S. resource private equity firm Proterra Investment Partners, which invested in 2008. PSP, which did the deal through its natural resources group, said it will support BFB's continued strategic development. Established in 1985, BFB has a cropping portfolio comprising 44,167 hectares of arable land, as well as grain storage, fertilizer, agronomy, livestock, farming and logistics businesses.
15 January 2019•4 mins read
