OneFortyOne Plantations’ Acquisition of Nelson Forests Limited


Foley Hoag LLP represented Nelson Properties Limited. Bell Gully acted as New Zealand counsel for GFP and NPL and UBS served as financial adviser. Campbell Global, Gresham Partners and MinterEllisonRuddWatts advised OFO on the transaction.

Nelson Properties Limited (NPL), a portfolio company managed by Global Forest Partners LP (GFP), executed the sale of its subsidiary Nelson Forests Limited to Australian forestry company OneFortyOne Plantations (OFO).

Nelson Forests Limited, one of New Zealand’s leading forestry businesses, is a vertically integrated plantation and mill business, owning more than 60,000 productive hectares of pine forests across Nelson and Marlborough, and the Kaituna Sawmill in Marlborough.

GFP, one of the world’s oldest and largest forestry investment management organizations, has been managing timberland investments for institutional investors for more than 30 years.

Foley Hoag attorneys James Smith (picture), Meredith Haviland, Catherine Anderson, Anderson Chang and Caroline Samp represented Nelson Properties Limited

Bell Gully acted as New Zealand counsel for GFP and NPL – led by Bell Gully senior counsel Clive Taylor and senior associate Philip Leightley.

MinterEllisonRuddWatts advised OFO with a team led by Mark Forman.

Involved fees earner: Mark Forman – Minter Ellison Rudd Watts; James Smith – Foley Hoag; Meredith Haviland – Foley Hoag; Anderson Chang – Foley Hoag; Caroline Samp – Foley Hoag; Catherine Anderson – Foley Hoag; Clive Taylor – Bell Gully; Philip Leightley – Bell Gully;

Law Firms: Minter Ellison Rudd Watts; Foley Hoag; Bell Gully;

Clients: Nelson Properties Limited ; OneFortyOne Plantations Pty Ltd.;