PEP eyes big NZ poultry investment

PEP eyes big NZ poultry investment
Agright GP's Daniel Bryant. (Image: LinkedIn)
Denise McNabb
Australian private equity behemoth Pacific Equity Partners (PEP) is gearing up for a multi-million-dollar foray into a New Zealand agribusiness with poultry once again on the menu, according to new filings at the Companies Office. PEP bought NZ’s poultry company Tegel for around $250m in late 2005. After selling down its stake it exited the investment in early 2011 when it was sold to Asian leverage buyout firm Affinity Equity Partners for $600m. It now has sights on a new large poultry and goat milk farming venture in Waikato w...

More Primary Sector

Seeka lifts earnings guidance again
Primary Sector

Seeka lifts earnings guidance again

Seeka has once again lifted its market guidance off the back of a “strong close out” to its 2024 year.The New Zealand Exchange-listed (NZX) horticulture business now expects full-year earnings at a profit before tax level for the year ended Dec 31 to be between $27.5 million and...

Riley Kennedy 21 Jan 2025
The business and science alliance turning waste into profits
Primary Sector

The business and science alliance turning waste into profits

Many NZ companies don't have the time or resources to carry out R&D inhouse.

Greg Hurrell 21 Jan 2025
Fonterra's ingredients chief on second Trump presidency
Primary Sector

Fonterra's ingredients chief on second Trump presidency

The incoming US President has threatened tariffs on all imports. 

Riley Kennedy 21 Jan 2025