Duxton Capital is merging its unlisted agricultural empire into its main fund, creating an asset management business with a $298 million portfolio and – hopefully – ending many of the problems dogging the business.
In a term sheet sent to fund managers, the company’s listed Duxton Farms vehicle said it was planning a “transformational merger” and acquiring the assets held in the firm’s fruit, orchard, walnut and apiary businesses.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
