Dairy

Australia’s largest dairy processor will shut down one facility in Tasmania and two in Victoria as it attempts to shore up its balance sheet and make amends with shareholders.

The $50m investment marks the debut agri investment and second investment overall from The Rise Find, TPG Growth’s $2bn global impact fund.

Fonds agroalimentaire CDPQ will make direct and fund investments designed to support Quebec’s agri businesses, new farmers and established family farmers.

AgCap has hired CBRE to sell the fund’s assets following a unanimous decision by its foundation investors, which include AustralianSuper and AMP Capital, to exit the fund despite double-digit returns.

Fonterra Ventures Co-Lab is an open platform that will allow anyone to submit innovative ideas such as new business models, services or technologies.

Russia’s sovereign wealth fund has partnered for the first time with the Israeli investment firm to invest up to $100m in Russia’s dairy farming and milk processing sectors.

National Australia Bank expects cattle prices to fall further in 2017 due to softening demand abroad but is optimistic that weaker Australian dollar will help exports.

The South African hedge fund plans to invest in farms and processing companies from a fund targeting returns of between 8 and 12 percent.

Sathguru Management Consultants has announced plans to raise a $100 million accelerator fund to support early-stage ventures leveraging technology to address food, nutrition and agricultural issues in India.

Canadian private equity firm Fulcrum Capital Partners has provided growth capital out of its $344 million Private Equity Fund V to Vitalus Nutrition, a provider of specialty cream and milk protein ingredients.