Firms: Cornwall Stodart (Modern Banking Group), Madgwicks (Unibic Australia Pty Ltd - administrators appointed)
Deal: Modern Baking Group acquires biscuit business from Unibic Australia Pty Ltd
Key players: Partners Gid Meltzer and Lev Shevki led the Cornwall Stodart team
Deal significance: Unibic Australia Pty Ltd is the fourth largest biscuit manufacturer in Australia and the manufacturer of the iconic ANZAC biscuits. The Modern Baking Group has been able to effect a continuation of the business, securing the employment of 170 employees and getting production back online in time for Anzac Day.
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