Top Kiwi firms act as major NZ forestry business bought by Australian company

The trans-Tasman deal is a very positive endorsement of New Zealand’s forestry industry, says partner

Top Kiwi firms act as major NZ forestry business bought by Australian company

Leading New Zealand firms have acted in the sale of one of the largest forestry businesses in New Zealand.

MinterEllisonRuddWatts advised Australia’s OneFortyOne Plantations (OFO), which agreed to buy New Zealand’s Nelson Forests from funds advised by US-based Global Forest Partners for an unspecified amount. US firm Foley Hoag, which partnered with Bell Gully in New Zealand, advised Nelson Forests.

Nelson Forests, which is 100% owned by funds advised by Global Forest Partners, has more than 60,000 hectares of productive forests with a total annual log-processing capacity of 1.4 million cubic metres under its control. OFO has 80,000 hectares of plantation assets leased from the South Australian government.

MinterEllisonRuddWatts helped broker the deal, said Mark Forman, corporate partner who led the firm’s team on the deal.

He said the deal is “a very positive endorsement of New Zealand’s forestry industry, and the opportunities for further growth of the forest and domestic processing in the Nelson region.”


Related stories:
Minters pitches in on trading platform buy
Top firm scores recapitalisation, proposed NZX listing work

Free newsletter

Subscribe to our FREE newsletter service and we’ll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Please enter your email address below and click on Sign Up for daily newsletters from NZ Lawyer.

Recent articles & video

Duncan Cotterill chair on what makes a successful modern law firm

Lawyer behaviour to be checked against Lawyers and Conveyancers Act amendments

Anthony Harper advises Southern Response policyholders to engage a lawyer

HFW names first sustainability partner, unveils fresh strategy

Rising Star joins partnership at DLA Piper

Bell Gully helps Swedish company score NZ mobile games developer in multimillion-dollar deal

Most Read Articles

Duncan Cotterill launches Queenstown branch with acquisition of local firm

Rising Star joins partnership at DLA Piper

Duncan Cotterill chair on what makes a successful modern law firm

Lawyer behaviour to be checked against Lawyers and Conveyancers Act amendments