subscribe to our newsletter sign up
Major Aus food manufacturer sold
Remaining DibbsBarker partners reveal next move :

Major Aus food manufacturer sold

Bart Oude-Vrielink

Two firms have advised on the acquisition of an iconic Australian food manufacturing company.

Firms: MinterEllison (Patties Foods Limited); Allens (Pacific Equity Partners)

Deal: Patties Foods Limited has been acquired by Pacific Equity Partners via a members’ scheme of arrangement.

Value: $307 million

Area: Finance, M&A

Key players: The team advising Patties Foods Limited was led by MinterEllison lead partner Bart Oude-Vrielink (pictured), with assistance from partner Alberto Colla, senior associates Michael Watts and Kelly Griffiths, associate Amy Hirth, and graduates Elissa Young and Natasha Simonds.

Deal significance: Patties Foods is an Australian food manufacturing company that owns a portfolio of iconic Australian brands.

The acquisition of Patties Foods by Pacific Equity Partners will see Patties de-list from the ASX and become a wholly owned subsidiary of Australasian Foods Bidco Pty Limited – an entity owned by funds managed or controlled by Pacific Equity Partners.

“We are delighted to have advised our long-standing client Patties on this significant transaction. The stub equity and special dividend components required us to apply specialist corporate and tax expertise to deliver a proposal that was overwhelmingly supported by shareholders,”said Bart Oude-Vrielink, lead partner at MinterEllison.

“We wish Patties every success under private equity ownership.”

Promoted content
Recommended by Spike Native Network