Login
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.
Emma Musgrave
Firm: Allens (QAF Limited).
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
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.
“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.”
