UK private equity firm, Terra Firma, which bought CPC in 2009, is selling its northern Australian and Indonesian cattle operations which span 16 properties over 5.5 million hectares.

CPC owns a number of big cattle stations in the Katherine region including Dungowan (445,000ha), Manbulloo (379,000ha) and Auvergne (414,000ha).

Other NT stations include Newcastle Waters, Kirkimbie, Bunda, Argyle Downs, Newry and Carlton Hill stations.

Manbullo was named the NT Exporter of the Year in 2016.

CPC is an Australian managed, majority foreign owned business.

It owns and operates a portfolio of 16 cattle stations with a carrying capacity of 400,000 head of cattle across 5.5m hectares of land in Australia.

The company also holds a majority stake in Juang Jaya Abdi Alam which owns and operates two feedlots in Indonesia.

CPC direct sales channels primarily involve selling cattle and beef to Asian consumer markets, domestic feedlots or exporting processors, and exporting live cattle.

Private equity firm Terra Firma from the UK are the majority shareholder of CPC.

“The breeding herd consists of 100,000 breeders, driven by the Newcastle Waters, Bunda and Allawah Stud; which infuses world quality genetics through the northern herds.  Up to 1200 bulls are transferred from the studs to the northern group each year,” the company says.

“The mustering season generally commences in March of each year, at the end of the wet season. At this time, CPC welcomes on board around 20 new employees who initially start their training at CPC's in house training facility at Manbulloo Station.

“After two weeks intensive training these employees are inducted on to the station where they will work for the mustering season.  The season runs through until the start of the following wet season, in around November of each year.”

Northern operations are headed by the general manager NT/WA, Henry Burke. Henry is based in Katherine.

Manbulloo manager Cameron Kruckow has been awarded a Nuffield scholarship to study grazing strategies in South America, South Africa and America.

Manbulloo is used as a breeding property and a holding depot for slaughter cattle and younger stock being exported from Darwin.

CPC made almost $50 million in earnings before interest, tax, depreciation and amortisation last financial year. 

The company had $880.5 million assets as at March 31 last year, and is expected to be worth about $1 billion. 

The business is being offered for sale as a whole or in parts through property agency Knight Frank and investment banking giant Goldman Sachs.

CPC, with an asset base worth about $880.5m, including about 400,000 head, is Australia’s largest privately-owned cattle enterprise. It also has an 80 per cent stake in two feedlots in Indonesia, in South and North Sumatera, with capacity to handle about 36,000 cattle

Last year CPC exported about 25,500 live cattle to Indonesia.

CPC reported almost $50m in earnings before interest, tax, depreciation and amortisation last financial year.

A recent marketing roadshow highlighted by Terra Firma’s nine-year ownership of the CPC business and its preparedness to consider strategic options given the current strong demand for high quality pastoral assets and proximity to growing markets in Asia.