Matariki completes NZ$167 million forest investment

Matariki Forests announced on 19 February that it has completed the investment by Phaunos Timber Fund Limited in the Matariki Forestry Group. The aggregate investment is NZ$167 million. Matariki Forests is owned by a consortium and managed by Rayonier New Zealand, a subsidiary of Rayonier Inc. Phaunos Timber Fund Limited as reported in earlier issues of Offcuts is a global timberland and timber related assets investor listed on the Main Market of the London Stock Exchange and managed by FourWinds Capital Management based in Boston.

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