Agriculture & Herbal Answers Acquisition Company Announces Acquisition of Australian Food & Agriculture Company
NEW YORK, Aug. 28, 2024 /PRNewswire/ — Agriculture & Herbal Answers Acquisition Company (ANSC) has recently announced a definitive agreement for a business combination with Australian Food & Agriculture Company Limited (AFA) valued at AUD$780 million. This strategic move aims to create a new company, Agriculture & Herbal Answers Company Limited (NewCo), which is expected to be listed on the New York Stock Exchange (NYSE) under the ticker symbol “AFAE”.
ANSC, which closed its initial public offering in November 2023, has been focused on identifying opportunities in the agriculture sector that offer attractive risk-adjusted returns and align with sustainability goals. Through the business combination with AFA and potential future acquisitions, ANSC aims to build a leading agricultural decarbonization and premium product company.
AFA, based in New South Wales, Australia, boasts a diverse agricultural portfolio with key strengths that make it an attractive target for ANSC. These strengths include geographically diverse land aggregations, a significant water resource base, premium genetics, and a track record of strong financial performance.
Bert Glover, CEO of ANSC, expressed excitement about the partnership with AFA, stating, “We have always believed that agriculture—backed by the right capital—could deliver nature and climate solutions. ANSC is proud to enter into a business combination with AFA and looks to establish it as a leader in the regenerative transition not just in Australia, but across the world.”
David Leuschen, Chairman of ANSC and a seasoned rancher, highlighted the potential of AFA to lead in decarbonizing agriculture and leverage its iconic properties to drive growth and sustainability.
AFA, with roots dating back to 1861, operates a large-scale agricultural business in New South Wales, encompassing land holdings, water entitlements, sheep studs, and diversified cropping operations. The company’s assets align with ANSC’s criteria for an ideal target, including real asset value, decarbonization potential, water security, operational upside, product diversification, premiumization opportunities, and renewable energy potential.
The business combination is subject to approval by ANSC shareholders and regulatory authorities, including the Treasurer of the Commonwealth of Australia. Upon completion, the new board of NewCo will comprise representatives from both AFA and ANSC, as well as independent directors.
This strategic move marks a significant step towards creating a leading agricultural company that is poised to drive innovation, sustainability, and growth in the industry. With a focus on decarbonization, premium products, and operational excellence, ANSC and AFA are set to make a lasting impact on the agricultural sector. Pace & Stracey Legal professionals advise Bell Team Holdings in Recent Deal
In a recent transaction, Pace & Stracey Legal professionals have acted as legal advisors to Bell Team Holdings. This deal marks a significant milestone for the company and demonstrates their commitment to growth and expansion in the agricultural industry.
Bell Team Holdings, with the guidance of Bell Potter Securities Limited as their exclusive financial advisor, has made a strategic move to enhance their portfolio and strengthen their position in the market. The support and expertise provided by Pace & Stracey Legal professionals have been instrumental in facilitating this transaction and ensuring a smooth and successful outcome for all parties involved.
Additionally, Vinson & Elkins L.L.P., Ok&L Gates LLP, and Walkers LLP have also played key roles in this deal, providing valuable advice and support to ANSC, another prominent player in the agricultural sector. Citigroup Global Markets Inc. is serving as the capital markets advisor to ANSC, with Davis Polk & Wardwell LLP acting as legal counsel to Citigroup.
About AFA
AFA, established in 1993 by the late Colin Bell, is a leading agricultural company with a diverse portfolio of properties in New South Wales, Australia. With a focus on sustainability and innovation, AFA operates some of the most iconic agricultural properties in the region, including ‘Boonoke’, ‘Burrabogie’, ‘Wanganella’, and ‘Wingadee’. The company’s extensive livestock and cropping operations showcase their commitment to excellence and environmental stewardship.
About ANSC
ANSC was formed with a vision to pursue strategic mergers, acquisitions, and business combinations in the low-carbon investment space. With a track record of successful investments in renewable energy, ANSC is poised for further growth and expansion in the agricultural sector.
About Riverstone
Riverstone Holdings LLC, founded by David Leuschen, Chairman of ANSC, is a prominent asset management firm specializing in decarbonization initiatives across various industries, including energy, infrastructure, and agriculture. With a strong focus on sustainable investments, Riverstone is at the forefront of driving positive change in the market.
About Impact Ag Partners
Impact Ag Partners is a specialized agricultural investment and management firm that works with global investors and agribusinesses to optimize natural capital for sustainable agriculture practices. With a dedicated team of experts, Impact Ag Partners is leading the way in driving positive environmental impact in the agricultural sector.
In conclusion, the recent deal involving Bell Team Holdings, ANSC, and other key players in the agricultural industry underscores the continued growth and innovation within the sector. With strategic partnerships and investments, companies like AFA and ANSC are well-positioned to drive positive change and sustainable growth in the agricultural market. The potential merger between AFA and ANSC has the potential to bring about fresh effects and changes within the industry. However, there are several components that could impact the outcome of this merger. Some factors that may lead to fluctuations include the ability of the parties to complete the Industry Mixture by ANSC’s industry aggregate closing date, any legal, regulatory, or governmental actions that could be taken against the companies, and the success in retaining key staff members post-merger.
Additionally, unforeseen costs related to the merger, disruptions in current operations, and the ability to realize the expected benefits of the merger are all factors that could influence the outcome. Other risks include the need for financing, changes in laws or regulations, and the potential for delays in completing the merger.
Investors and shareholders are advised to carefully consider all information related to the proposed merger, including the Registration Statement and Proxy Statement/Prospectus to be filed with the SEC. These documents will contain important details about the merger and other matters to be voted on by ANSC shareholders. It is essential for interested parties to thoroughly review these documents before making any investment decisions.
Overall, while the potential merger between AFA and ANSC presents exciting opportunities, it is important to be aware of the various risks and uncertainties that could impact the outcome. By staying informed and carefully evaluating all relevant information, investors can make well-informed decisions regarding the merger and its potential implications. The Registration Commentary filed with the SEC by Agriculture & Herbal Solutions Acquisition Company (ANSC) is an important step towards the Industry Mixture. This commentary will be followed by the mailing of the definitive proxy commentary/prospectus to ANSC shareholders for the upcoming vote.
Shareholders can access the initial and definitive proxy commentary/prospectus, along with other relevant materials related to the Industry Mixture, at no cost. These documents will be available on the SEC’s website or by requesting them directly from ANSC.
ANSC, NewCo, and AFA, along with their directors and executives, are actively involved in soliciting proxies from ANSC’s shareholders for the Industry Mixture. Shareholders can find detailed information about these individuals and their interests in ANSC’s filings with the SEC.
The financial information provided in these documents is unaudited and may not comply with certain regulations. It is important to note that all financial figures are in U.S. dollars unless stated otherwise.
Additionally, the documents include non-GAAP financial measures such as EBITDA, which provide additional insights into AFA’s financial performance. These measures should be considered in conjunction with GAAP measures for a comprehensive understanding of the company’s financial health.
For media inquiries, please contact Daniel Yunger or Emma Cloyd at Kekst CNC.
In conclusion, the Registration Commentary and proxy materials play a crucial role in the upcoming Industry Mixture involving ANSC, NewCo, and AFA. Shareholders are encouraged to review these documents thoroughly before casting their votes. The Importance of Self-Care in a Hectic World”
In today’s fast-paced world, it’s easy to get caught up in the hustle and bustle of everyday life. With work, family, social commitments, and endless to-do lists, it’s no wonder that many people often neglect to take care of themselves. However, self-care is essential for maintaining a healthy and balanced life.
Self-care is not just about pampering yourself with spa days and bubble baths (although those can certainly be part of it). It’s about taking the time to prioritize your physical, mental, and emotional well-being. This can include things like getting enough sleep, eating well, exercising regularly, practicing mindfulness and relaxation techniques, setting boundaries with others, and engaging in activities that bring you joy and fulfillment.
When we neglect self-care, we run the risk of burning out, becoming overwhelmed, and experiencing physical and mental health issues. By taking the time to care for ourselves, we can reduce stress, improve our overall health, and increase our resilience to life’s challenges.
Self-care looks different for everyone, so it’s important to find what works best for you. This might involve carving out time each day for a walk in nature, meditating, journaling, or simply taking a few deep breaths when you feel overwhelmed. It’s about listening to your body and mind, and giving yourself the care and attention you deserve.
In a world that often glorifies busyness and productivity, it’s easy to feel guilty for taking time for yourself. However, self-care is not selfish – it’s necessary. When we prioritize our own well-being, we become better equipped to show up for others and fulfill our responsibilities with a clear mind and an open heart.
So, the next time you feel overwhelmed or rundown, remember the importance of self-care. Take a step back, breathe, and give yourself the care and compassion you need to thrive in a hectic world. Your mind, body, and spirit will thank you for it.
