Deal: Macquarie Asset Management has been advised on the sale of Lawson Grains to New Forests and Alberta Investment Management Corporation. The transaction remains subject to FIRB approval. 

Value: Undisclosed.

Area: M&A.

Key players: Addisons partner Daniel Goldberg lead the cross-practice team which included partners David Blackburn, Donna Short and Robert Kerr, special counsel Geri du Plessis, and solicitors Patricia Lai, Samuel Siskovic, Alanna Wright and Andres Diaz.

Deal significance: Lawson Grains is one of Australia’s leading grain growing businesses, with over 90,000 hectares of agricultural land across New South Wales and Western Australia, a statement from Addisons confirmed.

“During its ownership, Macquarie Asset Management successfully built the Lawson Grains management team and business and implemented a strategy to invest in the latest technology, farming best-practices and in the communities in which it operates,” the firm noted.

Commenting further, Addisons lead partner Daniel Goldberg said: “The Addisons team was delighted to advise Macquarie on this significant transaction, continuing our long-standing service of Macquarie’s agriculture investment businesses”.

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“Our teams across corporate advisory, banking & finance, real estate and intellectual property were able to apply our expertise in the agribusiness sector to ensure a smooth and successful outcome for Macquarie. We look forward to working with the parties and their advisers to closing it out.”