Foley Hoag Represents Nelson Properties Limited in Subsidiary Sale to OneFortyOne Plantations
September 4, 2018
Foley Hoag LLP represented Nelson Properties Limited (NPL), a portfolio company managed by Global Forest Partners LP (GFP), in the sale of its subsidiary Nelson Forests Limited to Australian forestry company OneFortyOne Plantations (OFO).
Nelson Forests Limited, one of New Zealand's leading forestry businesses, is a vertically integrated plantation and mill business, owning more than 60,000 productive hectares of pine forests across Nelson and Marlborough, and the Kaituna Sawmill in Marlborough.
GFP, one of the world’s oldest and largest forestry investment management organizations, has been managing timberland investments for institutional investors for more than 30 years.
Foley Hoag attorneys James Smith, Meredith Haviland, Catherine Anderson, Anderson Chang and Caroline Samp represented Nelson Properties Limited in the transaction. Bell Gully acted as New Zealand counsel for GFP and NPL and UBS served as financial adviser. Campbell Global, Gresham Partners and MinterEllisonRuddWatts advised OFO on the transaction.
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