Matthieu Favas is the editor of Agri Investor. He was previously the web editor of Infrastructure Investor, where he started in 2013 after a year as a reporter at Private Equity International. Prior to joining PEI he spent four years in the wine industry in London, Spain and Mongolia.
Stafford’s successful takeover of a $259m timber fund suggests most investors value a guaranteed exit today more than higher promised gains tomorrow.
The secondaries firm expects to receive more acceptances of its hostile bid for the $259m timber vehicle after a majority of shareholders approved it last week.
The secondaries firm is aiming to convince more than half of the timber fund’s shareholders by Saturday – a task likely made easier by the withdrawal of a rival bid last week.
Sister publication Agri Investor speaks to Stephen Addicott, a timberland partner at Stafford Capital Partners, about the dynamics of secondaries in the asset classes.
Sister publication Agri Investor spoke to Stafford Capital Partners' Bernd Schanzenbaecher to find out more about the firm’s agriculture strategy days after it made its first investment in the asset class.