It wasn't for grins and giggles that we posted "Family offices are snapping up talent from private-equity firms and elite wealth managers" last week. There is something afoot in this rather opaque part of the investment world with more big money desirous of owning the cash flow and not having to report to securities regulators.
From the Daily Mail
Holy cow! One of Australia's biggest livestock companies owning 300,000 cattle in two states is snapped up by a foreign investor for $500million
- Consolidated Pastoral Company has been sold to British investor Guy Hands
- CPC had been bought by Terra Firma from billionaire James Packer in 2009
- The firm had sold part of the company for $310 million between 2018 and 2019
- Mr Hands, who founded the firm, bought out the remainder with a consortium
One of Australia's largest privately owned cattle companies has been sold for $500million to a British investor.
Consolidated Pastoral Company, which has 300,000 cattle and nine pastoral lands across the Northern Territory and Queensland, was scooped up by multi-millionaire Guy Hands.
Mr Hands founded private equity firm Terra Firma, which bought CPC from billionaire businessman James Packer in 2009....
....MUCH MORE
Astute reader will note that as is usual with agricultural reporting, the headline writer could not resist some wordplay in the header.
And from the Australian Broadcasting Corporation, October 20:
Newcastle Waters Station in Northern Territory earmarked for world's biggest solar farm
The iconic Newcastle Waters Station in the Northern Territory — once owned by Kerry Packer — has been revealed as the proposed location for the world's largest solar farm.
Sun Cable has told ABC Rural that it requires 12,000 hectares of the station to build a 10-gigawatt solar farm that would supply energy to Singapore via a 4,500-kilometre undersea cable.
The $20 billion project has the backing of tech billionaire Mike Cannon-Brookes, as well as resources billionaire (and new RM Williams owner) Andrew Forrest, and earlier this year it received major project status from the Federal Government.
Sun Cable has started the process of getting its environmental approvals in place, making a referral to the Northern Territory's Environment Protection Authority (EPA), and outlining further details about its plans for Newcastle Waters and its outstation, Powell Creek.
"We'll be using thousands of hectares of land, and we need to closely examine the impact on the ground at the solar farm end," Sun Cable CEO David Griffin said....
....MUCH MORE
That is a very long extension cord that would have its own set of challenges. The other option is to use the solar to split seawater into the hydrogen and oxygen, but that may be cost prohibitive, at least at the moment.
If interested see also:
"Could a US$14 billion Australian solar farm provide a fifth of Singapore’s energy?"
"Australians have $16B plan to beam solar energy onto Asia's power grids"
BP Smacks Exxon Upside Head With New Green Hydrogen Scheme (can SunCable to Singapore be far behind?)
A couple of the approaches being talked about, make hydrogen in Australia and send it to Singapore or use submarine electrical cable to carry (solar) electricity to Singapore.
