Tattarang is an Australian private investment company owned by 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 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
Harvest Road
Harvest Road concentrate on three core areas: meat, aquaculture and plant based.[3] As of, Forrest owns the agribusiness Harvest Road,[4] 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.[5]
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.[6][7]
Squadron Energy
Squadron Energy is an Australian resources company focused on projects in natural resources and renewable energy.[8]
Squadron acquired 75 percent of wind farm developer Windlab in June 2020.[9] Ownership of Windlabs' Wongalee and Prairie projects were transferred to Fortescue Future Industries in February 2024.[10]
In March 2022 Forrest, via Squadron, along with Atlassian co-founder Mike Cannon-Brookes, together invested A$210 million 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 12000 ha in size at Powell Creek, Northern Territory, and a power cable to link it to Singapore (via Indonesia), leaving Australia at Murrumujuk Beach. Transmission was planned to start in 2026.[11] However, Sun Cable went into administration in January 2023 owing to disagreements between Forrest and Cannon-Brookes, and when put up for sale, both Squadron and Cannon-Brookes' company Grok Ventures put in bids for it by May 2023.[12]
In December 2022, Squadron acquired CWP Renewables, an Australian developer and owner of renewable energy systems, for over $4 billion.[13]
Wyloo
Wyloo is Tattarang's mining division. In December 2020, Wyloo acquired a near 38 percent stake in Canadian nickel mining company Noront Resources for US$26.5 million.[14][15] In December 2021, Wyloo announced it would acquire Noront after BHP dropped out of the ensuing takeover battle.[16] The acquisition was completed in April 2022 and Noront was renamed Ring of Fire Metals in September 2022 after the region in Ontario.[17]
Wyloo began acquiring shares in mining company Western Areas in March 2021, reaching a 9.14 percent stake in January 2022.[18][19] When IGO made a takeover offer for Western Areas in December 2021, Wyloo emerged as a potential rival bidder or disruptor of the deal.[20][18] In February 2022, Wyloo and IGO struck a peace deal under which Wyloo would support IGO's bid and the two companies would form a joint venture to investigate and, if economically feasible, advance development of a downstream nickel processing facility in WA.[18] In April 2023, the Government of Western Australia allocated land in Kwinana Beach for the refinery, and Wyloo and IGO announced they were looking into integrating a plant producing precursor cathode active material at the proposed refinery. A final investment decision is due in 2024.[21][22]
As of August 2021, Wyloo held a 12 percent stake in Poseidon Nickel and just under 5 percent of nickel producer Panoramic Resources.[23] In January 2022, it reduced its stake in Poseidon to under 5 percent.[24]
In August 2022, Wyloo made a A$150 million cornerstone investment in West Australian rare earths developer Hastings Technology Metals. The investment allowed Hastings to purchase a 22 percent stake in Canadian magnet maker Neo Performance Materials.[25][26]
On 21 March 2023, Wyloo made a A$760 million takeover bid for nickel miner Mincor Resources. Wyloo at the time already held a 19.99 percent stake in Mincor.[27] The acquisition was completed in July 2023.[28]
Fiveight
Fiveight invests in, develops and manages 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 St Georges Terrace, all of which it plans to redevelop.[29] In February 2023, Fiveight acquired the Waldorf Astoria Sydney, a hotel in development in Circular Quay, for around A$520 million.[30]
Z1Z
Z1Z is Tattarang's hospitality and lifestyle arm. It operates the luxury Gaia spa in Byron Bay,[31] Cape Lodge hotel in Margaret River,[32] and restaurants Cooee at the Old Swan Brewery and Indigo Oscar at Indiana Teahouse.[33][34]
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.[35]
Other businesses and stakes
R. M. Williams
Tattarang purchased footwear and clothing company RM Williams in 2020 from Hong Kong based owner L Catterton.[36] The (originally Australian) company had been partly owned by French luxury brand conglomerate LVMH since 2013.[37] The company was purchased for $190 million.[38] 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.[38]
Akubra
Tattarang acquired Australian hatmaker Akubra in November 2023.[39]
SFM Marine
SFM Marine is a maritime services company owned by Tattarang after it acquired Northport Marine Services in 2020 and rebranded it.[40][41] In 2021, SFM Marine acquired Henderson-based company The Boat Business.[42]
Stakes in other companies
Tattarang holds 734 million shares in Fortescue, valued at about A$16 billion, as of July 2023.[43] The company holds a 19.3 percent stake in WA-based shipbuilder Austal,[30] a 18.5 percent stake in cattle and beef producer Australian Agricultural Company,[44] and a 11.5 percent stake in food and drinks company Bega Group.[45] In July 2022, Tattarang increased its stake in beauty company BWX Group to 19.9 percent.[46] In January 2023, Tattarang took a minority stake in Australian fashion brand Camilla in a deal reported to be worth around $40 million.[47]
Ukraine Green Growth Initiative
In 2022, Andrew Forrest stated that he will invest $740 million in businesses in Ukraine to help their economy recover.[48] 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.
Company affairs
John Hartman was appointed CEO of Tattarang in October 2022, replacing Andrew Hagger who was CEO since 2019.[49] Luca Giacovazzi is CEO of Wyloo.[50] Jason Willoughby has been CEO at Squadron Energy since January 2023, taking over from Eva Hanly who was CEO since July 2022.[51][52] Joost Heymeijer has been CEO of Z1Z since June 2022.[53] Paige Walker will commence her role as the inaugural CEO of Fiveight in July 2023.[54]
The company has been headquartered at the Old Swan Brewery since April 2020.[55] It previously operated out of the former Sunset Hospital site in Dalkeith.[56]
External links
References
- Who We Are Tattarang, retrieved 3 December 2022^
- Daniel Newell, Laura Newell. Andrew Forrest rebrands family business interests The West Australian, 13 May 2020, retrieved 10 January 2023^
- Harvest Road Tattarang, 19 December 2018, retrieved 3 December 2022^
- Ted O'Connor. Andrew Forrest's purchase of Kimberley cattle stations has traditional owners hopeful of social benefits ABC News, Australian Broadcasting Corporation, 14 March 2022, retrieved 31 March 2022^
- Our Business Harvest Road, retrieved 31 March 2022^
- Thompson, Brad. Forrest buys Harvey Beef for $40m The West Australian, 2 May 2014, retrieved 2 May 2014^
- Roman, Hayley. Chinese meat importer inks $1 billion deal with WA processor V&V Walsh ABC News, 4 August 2014, retrieved 26 April 2017^
- Squadron Energy Tattarang, retrieved 3 December 2022^
- Joe Aston. Apple's Tim Cook expels Andrew Forrest's hot air Australian Financial Review, 4 April 2023, retrieved 27 April 2023^
- Peter Ker, Brad Thompson. Forrest's private Windlab sells big wind projects to Fortescue Australian Financial Review, 2024-07-24, retrieved 2024-07-27^
- Twiggy Forrest, Mike Cannon-Brookes lead $210m raise for intercontinental solar power project Business News, 14 March 2022^
- Emilia Terzon. Sun Cable: Why Australia's two richest men are battling to control an unbuilt solar farm ABC News, 5 May 2023, retrieved 5 May 2023^
- Perry Williams. Andrew Forrest biggest green player after $4bn CWP play The Australian, 7 December 2022, retrieved 3 March 2023^
- Thompson Brad. Meet the Forrest young gun who shot down BHP Australian Financial Review, 16 September 2022, retrieved 13 March 2023^
- Alisha Hiyate. Post Noront takeover, Wyloo gets to work on Ring of Fire assets: Exclusive interview The Northern Miner, 29 June 2022, retrieved 13 March 2023^
- Arunima Kumar, Nikhil Kurian Nainan, Yamini C S. Wyloo to buy nickel miner Noront after BHP drops off from race Reuters, 22 December 2021, retrieved 13 March 2023^
- Alexandra Eastwood. Noront Resources renamed Ring of Fire Metals as activity recommences Australian Mining, 28 September 2022, retrieved 13 March 2023^
- Stuart McKinnon. IGO, Forrest strike peace deal over Western Areas The West Australian, 17 February 2022, retrieved 3 April 2023^
- Peter Ker. Forrest fuels another nickel bidding war Australian Financial Review, 26 January 2022, retrieved 3 April 2023^
- Savyata Mishra. Australian miner IGO to buy Western Areas for $785 million in EV battery push Reuters, 16 December 2021, retrieved 3 April 2023^
- Lewis Jackson. Australia signs land deal for proposed battery material plant Reuters, 14 April 2023, retrieved 26 April 2023^
- Peter Ker. Forrest and IGO signal battery metals processing plant Australian Financial Review, 14 April 2023, retrieved 26 April 2023^
- Nick Evans. Andrew Forrest's Wyloo Metals ups the ante in fight for control of Noront Resources The Australian, 31 August 2021, retrieved 3 April 2023^
- Peter Ker. Forrest fuels another nickel bidding war Australian Financial Review, 26 January 2022, retrieved 3 April 2023^
- Esmarie Iannucci. Hastings takes a stake in TSX-listed Neo, funding it with Wyloo cash Mining Weekly, retrieved 14 March 2023^
- Peter Ker, Brad Thompson. Forrest pumps $150m into rare earths aspirant Australian Financial Review, 26 August 2022, retrieved 14 March 2023^
- Brad Thompson. Forrest in $760 million takeover bid for BHP nickel supplier Australian Financial Review, 20 March 2023, retrieved 1 April 2023^
- Wyloo Metals sees another 50 years of nickel production for Mincor Resources at Kambalda Kalgoorlie Miner, 9 August 2023, retrieved 2 February 2026^
- Dexus to sell Carillon Business News, 29 April 2022, retrieved 3 December 2022^
- Michael Bleby. Forrest spends $520m on Australia's first Waldorf hotel Australian Financial Review, 21 February 2023, retrieved 23 February 2023^
- Carrie LaFrenz. Music legend sells her luxury Byron spa for $30m to Andrew Forrest Australian Financial Review, 21 October 2021, retrieved 12 January 2023^
- Tattarang to acquire Margaret River's iconic Cape Lodge The Hotel Conversation, 8 December 2021, retrieved 12 January 2023^
- Simon Collins. Twiggy's first restaurant to revive Old Swan Brewery The West Australian, 29 September 2020, retrieved 12 January 2023^
- Clare Ryan. Vibrant Bar and Dining Room Indigo Oscar Brings Latin American Flavours to Cottesloe's Indiana Teahouse Broadsheet, 2 December 2021, retrieved 12 January 2023^
- Liam Wignell. Tattarang launches $250M health and biotech VC Startup News in WA, events, advice, podcasts and ecosystem, 16 August 2022, retrieved 12 January 2023^
- Sarah Thompson, Anthony Macdonald, Tim Boyd. Forrest family's Tattarang stitches up $190m RM Williams deal Australian Financial Review, 17 October 2020, retrieved 12 January 2023^
- 'Decision of the heart': Andrew Forrest buys iconic bootmaker RM Williams ABC News, 18 October 2020, retrieved 10 February 2022^
- Andrew Forrest wants RM Williams to be fully true blue Australian Financial Review, 27 January 2021, retrieved 10 February 2022^
- Billionaire miners Andrew and Nicola Forrest buy Australian hatmaker Akubra The Guardian, 2023-11-19, retrieved 2023-11-19^
- SFM Marine Business News, 21 September 2021, retrieved 23 February 2023^
- SFM Marine - the new name in premier maritime services and investment Tattarang, 13 June 2020, retrieved 23 February 2023^
- Kate Purnell. Twiggy sets sail on a tide of new skippers The West Australian, 17 September 2021, retrieved 23 February 2023^
- How Nicola Forrest became Australia's second-richest woman The West Australian, 13 July 2023, retrieved 29 September 2025^
- Jessica Yun. Billionaire beef battle sizzles as Andrew Forrest buys $11.6m wagyu stake The Sydney Morning Herald, 23 November 2022, retrieved 1 April 2023^
- Simon Evans. Andrew Forrest creeps up on Bega Cheese Australian Financial Review, 24 July 2022, retrieved 23 February 2023^
- Colin Kruger. Andrew 'Twiggy' Forrest lifts stake in Zoe Foster Blake linked beauty business BWX Sydney Morning Herald, 6 July 2022, retrieved 4 April 2023^
- Emma Koehn. Forrest family backs Australian fashion brand Camilla Sydney Morning Herald, 27 January 2023, retrieved 28 April 2023^
- Eryk Bagshaw. Andrew Forrest's $740 million bet on Ukraine The Sydney Morning Herald, 17 November 2022, retrieved 12 January 2023^
- Peter Milne. Andrew Forrest loses boss of his private empires The Sydney Morning Herald, 24 October 2022, retrieved 1 April 2023^
- Ian Ross. 'Actions speak louder than words,' says Wyloo Metals CEO on their Ring of Fire plans Northern Ontario Business, 16 April 2022, retrieved 1 April 2023^
- Nick Evans, Perry Williams. Andrew Forrest moves Squadron boss Eva Hanly from post after six months The Australian, 11 January 2023, retrieved 2 April 2023^
- Mike Sullivan. Eva Hanly to lift Squadron Energy to new heights as CEO Business Acumen, 30 June 2022, retrieved 2 April 2023^
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- Hannah Page. Walker to lead Forrest's property arm Fiveight - Australian Property Journal Australian Property Journal, 23 March 2023, retrieved 1 April 2023^
- The Swan (Old Swan Brewery) Fiveight, retrieved 1 April 2023^
- Twiggy snaps up another WA landmark The West Australian, 3 July 2019, retrieved 1 April 2023^