Simpson Grierson supported Adamantem Capital in its investment into the proposed merged PF Olsen and Forest360 group, forming a major trans‑Tasman forestry management platform.

The merger brings together two of New Zealand’s leading forestry businesses to create the largest independent forest management company in Australasia, managing approximately 480,000 hectares and supporting more than 1,000 clients across New Zealand and Australia.

As part of the transaction, Adamantem Capital has joined existing cornerstone shareholder Quayside Holdings as an investment partner, backing the next stage of growth and a commitment to sustainable, long‑term forestry management. Adamantem’s investment is made through its Environmental Opportunities Fund, which targets businesses contributing to the transition to a net‑zero economy.

The merged group brings together decades of forestry expertise across nurseries, silviculture, harvesting, consulting, and sustainability services. With a deeper capability and a broader operational footprint, the new entity is positioned to deliver end‑to‑end forest management solutions for institutional investors, family‑owned operations, and private landowners throughout the region.

Our involvement was led by Michael Pollard, Anastasiya Gamble and Dania Alsagoff, working alongside specialists across our corporate and investment teams.

This transaction marks an important milestone for the forestry sector, strengthening sector resilience and supporting sustainable growth across Australasia.