Sydney-based financier FC Capital extended more than $120 million of loans to a struggling fruit grower of which its founder and former chief executive is the sole director.
The financing which included loans that were converted from senior debt to equity were extended by FC Capital to Nutrano Produce, which is chaired by FC Capital founder Brad Prout.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
