Canadian Alberta Investment Management Corporation’s Acquisition of Lawson Grains

Squire Patton Boggs assisted Macquarie Asset Management in the transaction.

Macquarie Asset Management (Macquarie) finalized its disposal of agribusiness division Lawson Grains Pty Ltd (Lawson Grains) in the largest Australian real estate farming transaction of 2021. While the sale price is undisclosed it has been reported that the asset sold within the advertised guide range of AUD$550 to $600 million.

Lawson Grains is one of Australia’s leading corporate grain growers, comprising a 90,500 arable hectare agricultural land estate across New South Wales and Western Australia. One of the country’s largest grains and oilseeds businesses, it produces more than 200,000 tonnes per year of wheat, barley, canola and pulses.

Macquarie is divesting Lawson Grains at the conclusion of a 10-year investment mandate with its investors.

The deal, which is subject to Foreign Investment Review Board approval, will see Lawson Grains pass into Canadian ownership, under Canadian Alberta Investment Management Corporation and agricultural asset manager New Forests.

The Squire Patton Boggs team was led by partner Michael Swift (Picture).

Involved fees earner: Michael Swift – Squire Patton Boggs;

Law Firms: Squire Patton Boggs;

Clients: Macquarie Asset Management;

Author: Sonia Carcano