Kidman acquisition picking up pace

Kidman acquisition picking up pace

Lloyds Business Brokers has reported an influx of enquiries regarding the acquisition of the operating businesses of Kidman Station.

There is "substantial interest" in the pastoral business, with some parties wanting to acquire the entire operation and others proposing to buy either majority or minority stakes, according to Lloyds director Victoria Chris Butchers.

"There’s a lot of talk in the market about this business, with most of the interest to date either coming from private equity funds or professional investors who have experience in the pastoral industry.

"What it undoubtedly reflects is a strong willingness by investors to get a stake in the growing worldwide demand for premium Australian beef."

Lloyds has entered into an agreement with crowd funder DomaCom, whereby the former will find a buyer for the operating businesses and the latter will crowd fund the acquisition of the land.

Using the reported Chinese acquisition price of $370 million, Lloyds values the land at $210 million and the operating businesses at $160 million.

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Kidman acquisition picking up pace
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