<article>Private equity firm <a href="http://www.dealstreetasia.com/?s=Navis+Capital+Partners" target="_blank" rel="noopener noreferrer">Navis Capital Partners</a> has acquired New Zealand-based <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Mainland+Poultry" target="_blank" rel="noopener noreferrer">Mainland Poultry</a> for NZ$350 million ($242 million).  </article>

Private equity firm <a href="http://www.dealstreetasia.com/?s=Navis+Capital+Partners" target="_blank" rel="noopener noreferrer">Navis Capital Partners</a> has acquired New Zealand-based <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Mainland+Poultry" target="_blank" rel="noopener noreferrer">Mainland Poultry</a> for NZ$350 million ($242 million).  
The Sydney-based based PE firm ousted other competitors in the race, including <a href="http://www.dealstreetasia.com/?s=Pacific+Equity+Partners" target="_blank" rel="noopener noreferrer">Pacific Equity Partners</a> and <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Adamantem+Capital" target="_blank" rel="noopener noreferrer">Adamantem Capital</a>, <a href="http://www.theaustralian.com.au/navis-capital-buy-nz-egg-producer-mainland-poultry/news-story/2dab003ea05522071e32da5ac5cbb124" target="_blank" rel="noopener noreferrer">The Australian</a> reported.
&#8220;We look forward to further expanding and enhancing our offering with support from Navis’ global team and resources over the coming years,” said Mainland Poultry managing director Michael Guthrie.
Guthrie said the company was looking to expand its offerings while Navis was looking into transforming Mainland into a pre-eminent agribusiness in the Oceania region and expand export links in Asia.
Founded in 1998, Mainland is a leading producer of poultry egg and egg products with about 1.2 million layer birds across New Zealand. It also has a feed business known as MainFeeds.
Known for its brands Farmer Brown and Woodland, Mainland Poultry markets its eggs in supermarkets.
The PE firm has also reportedly evinced interest in acquiring interest in <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Freshmax" target="_blank" rel="noopener noreferrer">Freshmax</a>, an Australian fruit and vegetable producer. Navis had previously invested in poultry business, Golden Foods Siam, which it subsequently sold to Brazil’s BRF for about $360 million.
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Navis Capital Partners is investing about $NZ350 million ($242 million) in a New Zealand based poultry egg producer, Mainland Poultry.

Navis Capital buys New Zealand's Mainland Poultry for $242m

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Navis Capital buys New Zealand's Mainland Poultry for $242m

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