Australian food manufacturing firm Patties Foods has accepted a $232m acquisition bid made by a private equity firm. Earlier this week, the company said it was approached by Pacific Equity Partners (PEP) with a takeover offer of $1.65 per ...
New Zealand poultry producer Tegel is predicted to soon list on the New Zealand Exchange and the Australian Securities Exchange. Tegel producers both chicken and turkey products and has four major processing facilities located across ...
Streets has dramatically dropped the price of its individually sold Cornetto ice creams to just AUD$2.00. The Cornetto had a previously recommended retail price of AUD$3.30. Along with the introduction of the new price, Streets is ...
Tags: Cornetto, ice creams
Australia based private equity investment firm Pacific Equity Partners (PEP) has agreed to acquire Kerry Pinnacle, the Australian subsidiary of British baked goods firm Kerry Group. Reuters reported citing a person with knowledge of ...
Tags: baked goods, Kerry Group
Earlier in December 2014, Australian Food News reported that food manufacturing was one of four manufacturing sub-sectors to expand in November 2014, according to the Australian Industry Group Australian Performance of Manufacturing Index ...
Tags: Food, Beverage, Agriculture
Universal Robina, a subsidiary of Philippines' JG Summit Holdings, is set to acquire New Zealand-based Griffin's Foods from Australian Pacific Equity Partners (PEP) for about NZ$700m ($609m). Universal already has presence in Thailand, ...
Tags: Universal Robina, Griffin's Foods, Food
The stalled initial public offering market has shown signs of life after Virtus Health was priced at the top of the range, raising $339 million in the biggest private equity float since KFC franchisor Collins Foods in 2011. After strong ...
Tags: IPO Market, Virtu, Health&Medicine
Infor, a provider of business application software, has announced a deal with Australian firm Peters Ice Cream, to implement a complete ERP system within seven and a half months. Peters, which offers ice creams under brand names such as ...
Tags: Peters Ice Cream, Infor
There were, despite continued economic uncertainty in many Western markets and concerns over slowing growth in the East, signs that M&A activity rebounded in the food sector this year. Data for the whole of 2012 has not yet been published ...
Tags: European M&A advisors, food sector, Food
Nestle has sold its Australian ice cream business Peters to private-equity firm Pacific Equity Partners for an undisclosed sum. The sale, which includes Nestle's Mulgrave factory, will also comprise sub-brands such as Original, Light & ...
Tags: Nestle, ice cream, Pacific Equity Partners, PEP, undisclosed sum
Pacific Equity Partners, an Australian private equity firm, has acquired Swiss food giant Nestlé's Australian ice cream brand Peters and Mulgrave factory located at Victoria for an undisclosed amount. Through the transaction, the ...
Tags: Pacific Equity Partners, Peters, acquisition, ice cream
Nestle has sold its Australian ice cream business Peters to private-equity firm Pacific Equity Partners for an undisclosed sum. The sale, which includes Nestle's Mulgrave factory, will also comprise sub-brands such as Original, Light & ...