Ranchland Capital Partners nears $3b Paraway Pastoral acquisition

The sale of Macquarie Group’s Paraway Pastoral group has reached the due diligence stage, with Montana-based Ranchland Capital Partners identified as the front-runner. Market observers value the 28-property estate between $2.5 billion and $3 billion.

Paraway Pastoral manages a portfolio of more than 35 properties operating as 28 separate businesses across Queensland, New South Wales, and Victoria. The group has the capacity to manage over 220,000 cattle and 250,000 sheep.

While Paraway Pastoral has not officially confirmed the progress of the deal, a final decision is expected by next month. Other potential bidders in the process included sovereign wealth funds, pension funds, and private corporations. If the deal with Ranchland Capital Partners does not proceed, British-owned Terra Firma’s Consolidated Pastoral Company remains a potential contender.