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Ontario Teachers' acquires Australian Avocado Grower Jasper Farms

BUSSELTON, Australia and TORONTO, Dec. 20, 2017 /CNW-AsiaNet/ -

-- Avocado demand has experienced strong growth in Australia and beyond

Ontario Teachers' Pension Plan (Ontario Teachers') today announced the 
acquisition of Jasper Farms, a leading Australian avocado producer. 

The transaction complements Ontario Teachers' existing presence in Australia's 
agricultural market, where demand for avocados has surged as more consumers 
embrace the fruit as a healthy food.

"Avocados are difficult to substitute and their unique flavor and nutrient 
profile have helped them benefit from the growing demand for health foods in 
Australia and internationally," said Andrew Claerhout, Senior Managing 
Director, Infrastructure and Natural Resources. "The acquisition of Jasper 
Farms underscores Ontario Teachers' mandate to seek long-term investments in 
well-managed, producing agriculture properties to meet the growing global 
demand for food."

Busselton, Australia-based Jasper Farms is the country's second-largest avocado 
producer and is on track for further production growth. The farm, which 
produces during the country's spring and summer months from August to February, 
boasts one of Australia's highest-yielding avocado orchards.

"We are very pleased that Ontario Teachers', a long-term investor with solid 
asset stewardship and a good cultural fit for the business, has chosen to 
expand its Australian agribusiness investments through the purchase of Jasper 
Farms," partners Neil and Ian Delroy said. "Through a focused approach to 
excellence, technology, proven systems and leading research and development, 
over the past 13 years our team has built a world class avocado business that 
we are exceptionally proud of."

Stepstone Infrastructure & Real Assets acted as financial advisor to Ontario 
Teachers'.

About Ontario Teachers'
The Ontario Teachers' Pension Plan (Ontario Teachers') is Canada's largest 
single-profession pension plan, with CAD$180.5 billion in net assets at June 
30, 2017. It holds a diverse global portfolio of assets, approximately 80% of 
which is managed in-house, and has earned an annualized gross rate of return of 
10.1% since the Plan's founding in 1990. Ontario Teachers' is an independent 
organization headquartered in Toronto. Its Asia-Pacific region office is 
located in Hong Kong and its Europe, Middle East & Africa region office is in 
London. The defined-benefit plan, which is fully funded, invests and 
administers the pensions of the province of Ontario's 318,000 active and 
retired teachers. For more information, visit https://www.otpp.com and follow 
us on Twitter @OtppInfo.

CONTACT:  CNC Communications – UK, Matthew Thomlinson, +44 203 7551 624, 
matthew.thomlinson@cnc-communications.com; Symbol Strategic Communications – 
Australia, Louise Watson, +61 (0)2 8011 0591, lwatson@symbolstrategic.com.au 



SOURCE: Ontario Teachers' Pension Plan