MA Financial Group Limited (ASX : MAF), Pengana Capital Group Limited (ASX : PCG) and FinCap Australia Pty Ltd acquired The Great Aussie Bush Camp from Sarah and Brad Love and Simone and Brad Higgins for AUD 60 million on November 30, 2023. Under the terms of agreement, the investment firms have paid AUD 47 million up front for the business and will pay the former owners another AUD13 million over the next two years if the bush camps meet forecast targets. The operating enterprises of GABC will now become an integral part of the School Camps Real Estate Fund overseen by FinCap. MA Financial and FinCap Australia are set to provide capital for GABC?s growth under the new ownership, with the MA Real Asset Opportunities fund becoming an investor. GABC?s three camping sites at Kincumber on the NSW Central Coast, Tea Gardens on the Mid North Coast and at Lake Macquarie in the Hunter, as well as the company?s operating businesses, will be added to a new School Camps Real Estate Fund managed by FinCap. The GABC business generates around AUD20 million in annual booking revenue from schools and educational groups, while its three sites occupy 73 hectares of mostly freehold land.

MA Financial Group Limited (ASX : MAF), Pengana Capital Group Limited (ASX : PCG) and FinCap Australia Pty Ltd completed the acquisition The Great Aussie Bush Camp from Sarah and Brad Love and Simone and Brad Higgins on November 30, 2023.