Tattarang

Tattarang is an Australian private investment company owned by the Andrew Forrest and his family. Tattarang invests in a diverse range of businesses across agri-food, energy, health technology, property, resources, and lifestyle. The group is made up of six business divisions: Fiveight, Harvest Road, Squadron Energy, Tenmile, Wyloo Metals and Z1Z.[1]

Tattarang was previously known as Minderoo Group until May 2020 when the company was rebranded. The name is a tribute to a stallion owned by Forrest’s mother at the family’s Minderoo Station during the 1950s.[2]

Divisions

Fiveight

Fiveight invest in, develop and manage residential, commercial and industrial property. On 29 April 2022 it was announced that Fiveight bought the Carillon City centre for AU$80 million. Fiveight owns Cottesloe’s Indiana Teahouse, East Perth Power Station and 190 Saint Georges Terrace, all of which it plans to redevelop.[3]

Squadron Energy

Squadron Energy is an Australian resources company focused on projects in natural resources and renewable energy.[4]

In March 2022 Forrest, via his Tattarang subsidiary Squadron Energy, along with Atlassian co-founder Mike Cannon-Brookes, together invested A$210m in the Australia-Asia Power Link project, which is backed by the Australian-Singaporean company Sun Cable. It includes the construction of a solar and battery farm 12,000 hectares (120 km2) in size at Powell Creek, Northern Territory, and a power cable to link it to Singapore (via Indonesia), leaving Australia at Murrumujuk beach, NT. Transmission is planned to start in 2026.[5]

Tenmile

Tenmile is a venture capital firm which invests in health technology companies and solutions delivering life-changing ideas and better health outcomes. It launched in August 2022 with a $250 million fund. It is named after a pool of water on the Ashburton River.[6]

Harvest Road

Harvest Road concentrate on three core areas: meat, aquaculture and plant based.[7] As of March 2022, Forrest owns the agribusiness Harvest Road,[8] which deals in beef and seafood, with a focus on ethically and sustainably produced food. Harvest Road owns the brands Harvey Beef, Leeuwin Coast, and Ernest Green and Sons.[9]

Forrest acquired meat processing company Harvey Beef in May 2014 for A$40 million. The biggest exporter of beef in Western Australia, it was until August 2014 the only one accredited to export to China.[10][11]

Z1Z

Z1Z is Tattarang's hospitality and lifestyle arm. It operates the luxury Gaia spa in Byron Bay,[12] Cape Lodge hotel in Margaret River,[13] and restaurants Cooee at the Old Swan Brewery and Indigo Oscar at Indiana Teahouse.[14][15]

R. M. Williams

Tattarang purchased footwear and clothing company RM Williams in 2020 from Hong Kong based owner L Catterton.[16] The (originally Australian) company had been partly owned by French luxury brand conglomerate LVMH since 2013.[17] The company was purchased for $190 million.[18] Around 35 per cent of RM Williams' manufacturing is done offshore, and Forrest has said he will return this part of the business's manufacture to Australia.[18]

Ukraine Green Growth Initiative

In 2022, Andrew Forrest stated that he will invest $740 million in businesses in Ukraine to help their economy recover.[19] This investment fund will focus on primary infrastructure such as energy and communications to build a digital green grid, so Ukraine can become a model for the world as a leading digital green economy.

References
  1. "Who We Are". Tattarang. Retrieved 3 December 2022.
  2. Newell, Daniel; Newell, Laura (13 May 2020). "Andrew Forrest rebrands family business interests". The West Australian. Retrieved 10 January 2023.
  3. "Dexus to sell Carillon". Business News. 29 April 2022. Retrieved 3 December 2022.
  4. "Squadron Energy". Tattarang. Retrieved 3 December 2022.
  5. "Twiggy Forrest, Mike Cannon-Brookes lead $210m raise for intercontinental solar power project". Business News Australia. 14 March 2022.
  6. Wignell, Liam (16 August 2022). "Tattarang launches $250M health and biotech VC". Startup News in WA, events, advice, podcasts and ecosystem. Retrieved 12 January 2023.
  7. "Harvest Road". Tattarang. Retrieved 3 December 2022.
  8. O'Connor, Ted (14 March 2022). "Andrew Forrest's purchase of Kimberley cattle stations has traditional owners hopeful of social benefits". ABC News. ABC Kimberley. Australian Broadcasting Corporation. Retrieved 31 March 2022.
  9. "Our Business". Harvest Road. Retrieved 31 March 2022.
  10. Thompson, Brad (2 May 2014). "Forrest buys Harvey Beef for $40m". The West Australian. Retrieved 2 May 2014.
  11. Roman, Hayley (4 August 2014). "Chinese meat importer inks $1 billion deal with WA processor V&V Walsh". ABC News. Australia. Retrieved 26 April 2017.
  12. LaFrenz, Carrie (21 October 2021). "Music legend sells her luxury Byron spa for $30m to Andrew Forrest". Australian Financial Review. Retrieved 12 January 2023.
  13. "Tattarang to acquire Margaret River's iconic Cape Lodge". The Hotel Conversation. 8 December 2021. Retrieved 12 January 2023.
  14. Collins, Simon (29 September 2020). "Twiggy's first restaurant to revive Old Swan Brewery". The West Australian. Retrieved 12 January 2023.
  15. Ryan, Clare (2 December 2021). "Vibrant Bar and Dining Room Indigo Oscar Brings Latin American Flavours to Cottesloe's Indiana Teahouse". Broadsheet. Retrieved 12 January 2023.
  16. Thompson, Sarah; Macdonald, Anthony; Boyd, Tim (17 October 2020). "Forrest family's Tattarang stitches up $190m RM Williams deal". Australian Financial Review. Retrieved 12 January 2023.
  17. "'Decision of the heart': Andrew Forrest buys iconic bootmaker RM Williams". ABC News. 18 October 2020. Retrieved 10 February 2022.
  18. "Andrew Forrest wants RM Williams to be fully true blue". Australian Financial Review. 27 January 2021. Retrieved 10 February 2022.
  19. Bagshaw, Eryk (17 November 2022). "Andrew Forrest's $740 million bet on Ukraine". The Sydney Morning Herald. Retrieved 12 January 2023.
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