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Announced

Ontario Teachers' Pension Plan to acquire a majority stake in Mitolo Family Farms.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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fresh vegetables

Australia

Friendly

Private

Single Bidder

Acquisition

Farming Fishing Ranching and Plantations

Cross Border

Majority

Pending

Private Equity

Synopsis

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Ontario Teachers' Pension Plan, a investor and administrator of the pensions of active and retired teachers, agreed to acquire a majority stake in Mitolo Family Farms, specialist in growing and packaging vegetables. Financial terms were not disclosed. "The next steps in our growth trajectory will require additional capital to enter into new markets and pursue strategies that will help us profitably respond to emerging trends in agriculture and food manufacturing," Frank Mitolo, Mitolo Family Farms Managing Director.

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