Terra Firma corrals more cattle

The mega-firm has added on a 600,000-hectare cattle ranch in North Queensland to its Consolidated Pastoral platform in an all-equity deal worth A$48m.

Terra Firma has done its second all-equity deal in two weeks with the purchase of Wrotham Park, a cattle ranch in North Queensland, Australia.

Cattle: Terra Firma beefs up

The UK-headquartered firm is understood to have paid roughly A$48 million (€28 million; $40 million) for the company, which has approximately 40,000 cattle on 600,000 hectares. It will be bolted on to Australia’s second-largest beef producer, Consolidated Pastoral, which Terra Firma purchased in April for a reported A$425 million.

Last week the private equity firm boosted its renewable energy portfolio with an all-equity, secondary buyout of US wind energy business Everpower Wind Holdings, marking its first US deal. The firm paid roughly $350 million to purchase a controlling stake from fellow private equity firm Good Energies.