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Big Law

QAF Limited’s Aus-based production business sold

International law firm Allens has advised Singapore Exchange-listed QAF Limited on the sale of its Australian primary production business.

June 18, 2021 • By Emma Musgrave
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Firm: Allens (QAF Limited).

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Deal: QAF Limited’s Australian primary production business has been sold to a wholly owned subsidiary of JBS S.A.

 
 

Value: $175 million.

Area: M&A.

Key players: The Allens legal team was led by M&A partner Mark Malinas, with assistance from managing associate Hannah Biggins and associate Vincent Pang.

Competition, consumer and regulatory partner Jacqueline Downes and senior associate James Somerville also assisted in the deal, as did projects and development partner Bill McCredie.

Deal significance: According to Allens, the sale includes 100 per cent of Rivalea Holdings Pty Ltd and 100 per cent of Oxdale Dairy Enterprise Pty Ltd.

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“We are pleased to have continued our longstanding relationship with QAF and its Australian businesses Rivalea and Oxdale to advise on this important strategic sale,” said lead partner Mr Malinas.

“Carve-outs and divestments of non-core assets is a key theme emerging, which is contributing to a host of assets being made available to investors.”

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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