Wed, 12 Sep 2018 | BUSINESS SALE
Boasting a rich 100 year history, Strutt & Parker (Farms) Ltd is up for sale for an estimated £200 million. The sale will include more than 30,000 acres of East Anglian farmland.
The business is has a diverse portfolio and earns roughly half of its £21 million income from farming alone. The company transformed its 34 acres of farmland into a natural burial site last year, which is also included in the sale.
This will be the biggest farming sale since 2014, when The Co-operative Group sold its 16,000 hectares fro £249 million to the Wellcome Trust.
Guaranteed farming subsidies have been provided by the government at the current EU level until the 2022 election, of which Strutt & Parker received £1,267,000 in subsidies through the rural payments agency in 2017.
Corporate finance partner at Deloitte, David Jones said: "In our experience, interest is likely to come from a number of sources, due to the scale and diverse asset base, and we anticipate there will be interest from both domestic and overseas high-net-worth individuals.
"For the overseas buyer, the current weakness of the pound against the dollar adds to the attraction. We also anticipate enquiries from institutions looking for long-term asset-backed investments."
The land includes commercial and residential units alongside renewable energy projects, which stretch across Suffolk, Cambridgeshire and Norfolk. The farming business includes four main farms, contracting and joint ventures, a sheep enterprise across Ministry of Defence land in Norfolk, a farming enterprise in Cambridgeshire and Lavenham Fen Farms.
The company will be sold in a single transaction. It is expected that the business will bring medium- to long-term opportunities to realise substantial capital and revenue growth.
For more news stories about businesses for sale, click here. For all our business sale listings, click here.
Very strong rapport with chefs and food business owners in Scottish lowlands. Income of £4,192k for the year ending April 2018 with an EBITDA of £258k. Exclusive contract to supply schools across two local authority areas. Head-quartered and trading...
LEASEHOLD
Distributes a range of products to the hospitality sector, including indoor and outdoor furnishings, textiles, lighting and kitchenware. Operating internationally, the company primarily supplies to a large chain of hotels with over 800 premises.
LEASEHOLD
Established for over 25 years. This well-known local firm based in Morecambe offers a comprehensive range of sheds, garages and greenhouses and are also a major local supplier of a wide range of hard landscaping products including fencing, paving an...
|
18
|
|
Sep
|
Crane hire business acquired in seven-figure deal | BUSINESS SALE
Liverpool-headquartered A Mini Crane Hire has been acquired ...
|
17
|
|
Sep
|
Scottish accountancy firm expands with two new acquisitions | BUSINESS SALE
Scottish accountancy firm Goldwells has expanded with the ac...
|
16
|
|
Sep
|
Plymouth window manufacturer rescued in buy-out | BUSINESS SALE
A Plymouth window manufacturing business that formed part of...
Sign up to receive our acquisition alert emails to get your FREE guide
|
11
|
|
Sep
|
Engineering business in administration | ADMINISTRATION
A Weymouth-based engineering business has entered administra...
|
22
|
|
Dec
|
Sale sought for TEG Group division following administrators' appointment | ADMINISTRATION
Green waste specialist TEG Group has entered administration ...
|
16
|
|
Sep
|
Rileys back in administration for the third time in five years | ADMINISTRATION
Sports bar operator Rileys has found itself in administratio...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources