PEP eyes big NZ poultry investment

Agright GP's Daniel Bryant. (Image: LinkedIn)

Wed, 20 Oct 2021

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...

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