find the latest legal job
Monash University Director Workplace Relations
Category: Industrial Relations and Employment Law | Location: All Melbourne VIC
· Exceptional senior leadership role
View details
Personal Injury Lawyer - Melbourne Eastern Suburbs - 2-5 years PAE
Category: Personal Injury Law | Location: Lilydale VIC 3140
· Fulfilling role as part of a small team in a positive workplace
View details
Legal Counsel
Category: Banking and Finance Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· In-house opportunity · Be part of our engine for success in a high growth business
View details
Trainer/Assessor Diploma of Legal Services
Category: Other | Location: Liverpool NSW 2170
· 3 Days Per Week · 9am - 4pm
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Adelaide CBD · Join a leading Adelaide commercial law firm
View details
Firms savour ice-cream sale

Firms savour ice-cream sale

Nestle have sold their Peters Ice Cream business to Australian Food Group.

 

Firms savour ice-cream sale

Firms: King & Wood Mallesons (Nestlé), Clayton Utz, Allens and Ashurst (Pacific Equity Partners)

Deal: Sale of Nestle’s Peters Ice Cream business to Australian Food Group, a company owned by private equity group Pacific Equity Partners 

Area: M&A

Value: Undisclosed           

Key players: KWM partners Michael Barker and Katrina Rathie led the transaction, working closely with partners Lee Horan, Yuen-Yee Cho (pictured) and Scott Bouvier. Special counsel Sean Selleck and senior associates Adrian Slack and Leiann Vicars provided additional support on the deal. Allens co-head of Private Equity Tom Story and partner Mark Kidston were the lead Allens partners. Ashurst acted for PEP's banking syndicate

Deal significance: PEP, which is based in Sydney, will own the iconic Peters Ice Cream brand, plus sub-brands Original, Light & Creamy, Billabong, Frosty Fruits and Monaco Bar. It also acquired a long-term licence to market in Australia some other global Nestle-owned ice-cream brands such as Drumstick, Heaven and Maxibon.

Promoted content
Recommended by Spike Native Network