An Australian livestock finance company will be sold as a going concern, after its parent entity was placed into voluntary administration by shareholders last week.
Agrifunder is a Melbourne based agricultural finance company which has operated in Australia since 2018.
Last Thursday, March 2, Agrifunder Holdings Pty Ltd, the non-trading holding company and ultimate parent of Agrifunder Pty Ltd, appointed Keith Crawford and Matthew Caddy from McGrathNicol as administrators of Agrifunder Holdings Pty Ltd.
Mr Crawford said the lenders which backed that facility were “supporting the…
