A consortium of investors from the Middle East, led by Cibola Capital, has acquired Australian Patinack Farm for $100 million.
The Sydney Morning Herald is reporting that the current owner Nathan Tinkler has invested more than $500 million in the operation of this racing and breeding operation since its inception in 2007. (Patinack Farm comprises of three properties including a 3,300 acre breeding facility, a 1,000 acre training facility and 950 acres of undeveloped horse country and a bloodstock of close to 600 horses)
To see listing and contact emails of investors and family offices from the Middle East, check our 2014 edition of Middle East Investors Directory
More details follows from The Sydney Morning Herald and their release