Twitter LinkedIn
    Tuesday, August 9
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals»Roc Private Equity makes higher offer for Vitalharvest Trust
    Deals

    Roc Private Equity makes higher offer for Vitalharvest Trust

    February 26, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Sydney-based private equity firm Roc Partners has thrown a potential spanner in the works of Macquarie’s $185 million takeover of citrus and berry farm owner Vitalharvest Freehold Trust with an 11th hour higher – and highly conditional – offer.

    Perpetual’s The Trust Company, the responsible entity of Primewest-managed Vitalharvest, said it had received a non-binding offer from Roc Private Equity to acquire 100 per cent of the trust’s units at $1.08, or $200 million, in total via a trust scheme of proposal.

    If that proposal is not approved by the required 75 per cent of voting unitholders, then Roc has offered to acquire all of the assets of the trust, which are leased to Costa Group in cash for $314.8 million. This proposal requires just a simple majority of shareholders.

    Read more/Source: Financial Review

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Acquisitions Capital deals PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Carlyle CEO Kewsong Lee steps down; Conway to be Interim Chief

    August 8, 2022

    New Warburg Pincus investment values MRL at $2.25B

    August 8, 2022

    Carlyle to acquire controlling stake in Ocmis

    August 8, 2022

    BlackRock to offer Crypto for Institutional Investors through Coinbase

    August 8, 2022

    Comments are closed.

    Other Articles

    J.P. Morgan Asset Management’s Acquisition of Campbell Global

    June 26, 2021

    New type of direct listing promises cheaper, more lucrative IPOs

    January 2, 2021

    Beech Tree Private Equity invests in expansion of Ancoris

    August 6, 2021

    Investcorp to invest $400 mn Indian schooling infra

    May 24, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?