Tattarang

Tattarang is an Australian private investment company and diversified business group controlled by mining entrepreneur and philanthropist Andrew Forrest and his family. The group was previously known as Minderoo Group and adopted the Tattarang name in May 2020. The name refers to a stallion owned by Forrest’s mother at the family’s Minderoo Station in Western Australia during the 1950s. The group invests through several operating divisions rather than presenting itself as a single consumer-facing product company. Its portfolio includes resources, renewable energy, agriculture, food production, aquaculture, property development, hospitality, health technology, marine services and lifestyle brands. The principal divisions identified in public descriptions of the group are Fiveight, Harvest Road, Squadron Energy, Tenmile, Wyloo and Z1Z. Harvest Road is the agribusiness arm. Its activities include beef, seafood and plant-based food, with brands such as Harvey Beef, Leeuwin Coast and Ernest Green and Sons. Tattarang acquired Harvey Beef in 2014, adding a major Western Australian meat-processing and export operation to its portfolio. The division positions its food businesses around Australian provenance, quality and more responsible production. Squadron Energy is focused on energy and natural-resource projects, with an increasing emphasis on renewable generation and storage. It acquired a majority interest in Windlab in 2020 and bought CWP Renewables in 2022 for more than A$4 billion. Squadron also participated in the Australia-Asia Power Link project backed by Sun Cable, although disagreements among investors led Sun Cable into administration in 2023 and ultimately resulted in Squadron acquiring the project. Wyloo is Tattarang’s mining and minerals-investment division. Its portfolio and transactions have concentrated heavily on nickel and other minerals considered important to energy-transition supply chains. Wyloo acquired Noront Resources, which was subsequently renamed Ring of Fire Metals, supported the development of downstream nickel-processing capacity in Western Australia with IGO, invested in Hastings Technology Metals, and acquired Mincor Resources in 2023. Fiveight develops and manages residential, commercial and industrial property. Its assets and projects have included the Carillon City centre in Perth, Indiana Teahouse in Cottesloe, the East Perth Power Station precinct, 190 St Georges Terrace and the Waldorf Astoria Sydney development at Circular Quay. Z1Z operates hospitality and lifestyle assets including Gaia Retreat and Spa, Cape Lodge and restaurants associated with the Old Swan Brewery and Indiana Teahouse. Tenmile was launched in 2022 as a health-technology venture-capital platform with a stated focus on companies developing solutions intended to improve health outcomes. Beyond its formal divisions, Tattarang owns or holds interests in businesses including R.M.Williams, Akubra, SFM Marine, Fortescue, Austal, Australian Agricultural Company, Bega Group, BWX and Camilla. The group has also publicly discussed a proposed green-growth investment initiative for Ukraine. Tattarang’s strategy combines direct ownership of operating companies, long-term minority investments and project-level development. Its portfolio reflects Forrest’s interests in Australian industry, resource development, decarbonisation, food production and premium lifestyle businesses. Because it is privately held, the group does not publish the same continuous financial reporting as a listed corporation, and the size and composition of its holdings can change over time.

Tattarang developed from the private investment activities associated with Andrew Forrest and the Forrest family’s Minderoo interests in Western Australia. Before 2020, the group operated under the Minderoo Group name. In May 2020 it was renamed Tattarang, a reference to a stallion connected with Forrest’s mother and Minderoo Station in the 1950s. The rebrand marked the development of a broader investment platform extending beyond the group’s historical association with mining. The portfolio expanded through acquisitions in food, energy, property, marine services and consumer brands. In 2014, Forrest acquired Harvey Beef for A$40 million, giving the group a major Western Australian beef-processing business. Harvest Road subsequently became the group’s agribusiness platform, encompassing meat, aquaculture and plant-based food activities and brands including Harvey Beef, Leeuwin Coast and Ernest Green and Sons. Energy became a central area of expansion through Squadron Energy. Squadron acquired 75 percent of Windlab in 2020, giving it exposure to wind-development projects. In 2022, Squadron and Atlassian co-founder Mike Cannon-Brookes each invested in the Australia-Asia Power Link project associated with Sun Cable. The proposed project included a large solar and battery complex in the Northern Territory and an undersea transmission link intended to supply Singapore through Indonesia. Sun Cable entered administration in January 2023 after disagreements among investors; Squadron later acquired the project. Squadron also acquired CWP Renewables in December 2022 for more than A$4 billion, consolidating a substantial renewable-energy development portfolio. Wyloo serves as Tattarang’s mining arm and has pursued minerals associated with electrification and battery supply chains. Wyloo acquired a substantial position in Canada’s Noront Resources in 2020 and announced a full acquisition in 2021 after BHP withdrew from the contest. The transaction completed in 2022, and Noront was renamed Ring of Fire Metals. Wyloo also accumulated a position in Western Areas while IGO pursued an acquisition. In 2022, the parties reached an agreement under which Wyloo supported IGO’s bid and cooperated on investigating a downstream nickel-processing facility in Western Australia. Wyloo later invested in Hastings Technology Metals and made a takeover offer for Mincor Resources, completing that acquisition in 2023. Fiveight was established as the property investment, development and management arm. It acquired the Carillon City centre in Perth in 2022 and held or developed assets including the Indiana Teahouse, East Perth Power Station and 190 St Georges Terrace. In 2023, it acquired the Waldorf Astoria Sydney development at Circular Quay. Z1Z became the group’s hospitality and lifestyle division, operating properties such as Gaia Retreat and Spa, Cape Lodge and selected restaurants. Tattarang also broadened its exposure to Australian consumer and industrial businesses. It purchased R.M.Williams in 2020 and acquired Akubra in 2023. Through SFM Marine, created after the acquisition and rebranding of Northport Marine Services, the group entered maritime services and later acquired The Boat Business. It has also held significant stakes in Fortescue, Austal, Australian Agricultural Company, Bega Group, BWX and Camilla. Leadership changed as the organization grew. John Hartman became group chief executive in October 2022, replacing Andrew Hagger, who had held the role since 2019. The group’s operating divisions have separate executives, including leaders for Wyloo, Squadron Energy, Z1Z and Fiveight. Tattarang has also articulated a broader sustainability and development agenda, including Forrest’s proposed investment initiative for rebuilding Ukraine through energy, communications and digital-green infrastructure. Today, Tattarang remains a privately held, multi-sector investment group whose businesses are organized around direct operating platforms and strategic holdings.

1. 2023Mincor Resources acquisition completed

   Wyloo completed its acquisition of nickel producer Mincor Resources.

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2. 2023Akubra acquisition

   Tattarang acquired the Australian hatmaker Akubra.

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3. 2022Launch of Tenmile

   Tattarang launched Tenmile as a health-technology venture-capital platform with a reported A$250 million fund.

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4. 2022Acquisition of CWP Renewables

   Squadron Energy acquired renewable-energy developer and owner CWP Renewables.

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5. 2020Rebrand from Minderoo Group to Tattarang

   The group adopted the Tattarang name in May 2020 and expanded its public identity as a diversified private investment house.

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6. 2020Windlab investment

   Squadron Energy acquired 75 percent of wind developer Windlab.

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7. 2014Acquisition of Harvey Beef

   Andrew Forrest acquired Western Australian meat processor Harvey Beef, establishing an important asset for the later Harvest Road agribusiness division.

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A privately controlled Australian investment house focused on long-term ownership across resources, energy transition, food, property, health technology and premium lifestyle businesses.

• Harvest RoadAgribusiness

  Harvest Road is Tattarang’s food and agriculture platform. It concentrates on beef, aquaculture and plant-based food, with a stated emphasis on Australian provenance and more ethical and sustainable production. Its portfolio includes Harvey Beef, Leeuwin Coast and Ernest Green and Sons.

• Squadron EnergyEnergy

  Squadron Energy develops and invests in energy and natural-resource projects, particularly renewable generation and storage. Its activities have included Windlab, CWP Renewables and the Australia-Asia Power Link project associated with Sun Cable.

• WylooMining investment

  Wyloo is Tattarang’s minerals-investment division. It has focused on nickel and other minerals relevant to energy-transition supply chains, with investments and acquisitions involving Noront Resources, Ring of Fire Metals, Western Areas, Hastings Technology Metals and Mincor Resources.

• FiveightProperty

  Fiveight invests in, develops and manages residential, commercial and industrial property. Its portfolio and projects have included Carillon City, Indiana Teahouse, East Perth Power Station, 190 St Georges Terrace and the Waldorf Astoria Sydney development.

• TenmileHealth technology venture capital2022

  Tenmile is Tattarang’s health-technology investment platform. It backs companies and technologies intended to deliver improved health outcomes and life-changing applications.

• Z1ZHospitality and lifestyle

  Z1Z operates hospitality and lifestyle assets including Gaia Retreat and Spa in Byron Bay, Cape Lodge in Margaret River, and restaurants such as Cooee and Indigo Oscar.

• R.M.WilliamsFootwear and apparel

  R.M.Williams is an Australian footwear and clothing brand acquired by Tattarang in 2020. Its best-known products include leather boots and related Australian lifestyle apparel.

• AkubraHeadwear

  Akubra is an Australian hatmaker acquired by Tattarang in 2023. The brand is associated with traditionally styled hats and Australian outdoor and rural culture.

• 2022Ukraine Green Growth Initiative

  Ukraine

  Andrew Forrest proposed investing in Ukrainian businesses to support post-war recovery through energy, communications and digital-green infrastructure.

  Outcome. The initiative was publicly announced, but the cited material does not establish its final investment results.

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• 2023Acquire AkubraM&A

  Tattarang continued building a portfolio of established Australian lifestyle and consumer brands.

  What changed. Tattarang acquired Australian hatmaker Akubra.

  Aftermath. Akubra joined R.M.Williams and other Australian brands within Tattarang’s broader portfolio.

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• 2022Launch TenmileProduct launch

  Tattarang sought exposure to companies developing health technologies and solutions with potential for improved health outcomes.

  What changed. The group launched Tenmile with a reported A$250 million investment fund.

  Aftermath. Tenmile became the group’s dedicated health-technology venture-capital platform.

  Initial fund size. A$250 million (2022)

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• 2020Rebrand the group as TattarangStrategy

  The former Minderoo Group was developing a wider portfolio beyond its historical identity and required a group-level name.

  What changed. The company changed its name to Tattarang in May 2020.

  Aftermath. Tattarang became the umbrella identity for the group’s investment divisions and operating businesses.

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• 2023Sun Cable enters administration after investor disagreement

  Sun Cable, developer of the Australia-Asia Power Link, entered administration following disagreements between its major investors, including Squadron Energy and Grok Ventures.

  Other
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• 2023Tattarang acquires Akubra

  Tattarang acquired Australian hatmaker Akubra.

  M&A
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• 2022Tattarang launches Tenmile health-technology fund

  Tenmile was established as a venture-capital platform investing in health-technology businesses and solutions.

  Product launch
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• 2020Minderoo Group rebrands as Tattarang

  The private investment group formerly known as Minderoo Group adopted the Tattarang name.

  Other
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• 2020Tattarang acquires a majority interest in Windlab

  The group’s energy arm Squadron Energy acquired 75 percent of renewable-energy developer Windlab.

  M&A
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1. Tattarang