OTPP acquires Australian avocado grower Jasper Farms

OTPP acquires Australian avocado grower Jasper Farms

Avocados prepared for a meal.

Canadian single-profession pension fund, the Ontario Teachers’ Pension Plan (OTPP), has acquired Jasper Farms, an Australian avocado producer. Stepstone Infrastructure & Real Assets acted as financial advisor to Ontario Teachers’.

While financial terms of the deal are undisclosed, an account in The West Australian published in October estimated the deal to be worth about A$180 million ($137.9 million). Neil Delroy, the current owner of the Orchard, will remain as a manager for 18 months from October 2017.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter