Origo Partners’ portfolio company R.M. Williams Agricultural Holdings, the Australian agricultural company focused on acquiring, developing and operating prime farmland, has raised further equity funding.
In a series of recent transactions, R.M. Williams has entered into arrangements to place a total of AUD45m worth of common stock.
The equity raised will be engaged to complete the acquisition of various properties in the Northern Territory of Australia. The transactions are expected to close in June.
R.M. Williams is also considering various other joint initiatives with key partners, including proposals to further cement the business as Australia’s premier agricultural operator across multiple platforms including the production of organic beef, lamb and poultry in conjunction with landscape restoration and bio-fuel production plans.
Origo chief executive Chris Rynning says: “The strong evolution of the R.M. Williams Agricultural Holdings business underlines the attractiveness of the company’s strategy of investing in high-quality agricultural businesses. The value of these assets is expected to continue to grow on the back of rising demand from Asia for high-quality protein products, in particular meat.”