One of New Zealand’s leading growers, Bostock Group, is set to swing open the farm gates to private equity and strategic buyers just as ASX-listed fruit and vegetable processor Costa Group works towards an agreed deal with New York buyout fund PSP.
Bostock, which claims to be the largest producer of organic apples in the Southern Hemisphere and makes about $200 million annual revenue, has drafted in Kiwi investment bank Craigs Investment Partners to help it look for a new owner.
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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
