M&A Deal Summary

GrainCorp Acquires United Malt Holdings

On November 13, 2009, GrainCorp acquired beverage company United Malt Holdings from CPE Capital and Castle Harlan for 757M AUD

Acquisition Highlights
  • This is GrainCorp’s 1st transaction in the Beverages sector.
  • This is GrainCorp’s largest (disclosed) transaction.
  • This is GrainCorp’s 2nd transaction in Australia.

M&A Deal Summary
Date 2009-11-13
Target United Malt Holdings
Sector Beverages
Buyer(s) GrainCorp
Sellers(s) CPE Capital
Castle Harlan
Deal Type Add-on Acquisition
Deal Value 757M AUD

Target

United Malt Holdings

Australia
United Malt Holdings ("UMH"), one of the world's largest producers of malt for use in the brewing and distilling industries. The businesses were acquired from Conagra Foods Inc of the United States and Tiger Brands of South Africa. The remaining 40 percent of Bairds Malt was acquired in 2007.

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Buyer(S) 1

Buyer

GrainCorp

Sydney, Australia

website

Category Company
Founded 1916
Sector Food
Employees2,000
Revenue 3.6B AUD (2020)
DESCRIPTION

GrainCorp core business is the receival and storage of grain and related commodities. It also provides logistics and markets these commodities. GrainCorp was founded in 1916 and is based in Sydney, Australia.

DEAL STATS #
Overall 2 of 2
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Australia) 2 of 2
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-16 Heinrich Merchandise Pty

Horsham, Australia

Heinrich Merchandise Pty Ltd. is a provider of commodity storage and handling, merchandising, and logistics services primarily to the grain industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-31 Allied Mills Pty

Rhodes, Australia

Allied Mills Pty Ltd. is a manufacturer and distributor of bakery premixes, flour and semi-finished products. Allied Mills Pty Ltd. was established in 1920 and is headquartered in Rhodes, Australia.

Sell -

Seller(S) 2

SELLER

CPE Capital

Sydney, Australia

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 3.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CHAMP Private Equity is an Australian private equity firm focused on seed, expansion stage, and buyout investments across a range of industry sectors. CHAMP's buyout practice looks for businesses valued A$100 million and A$750 million, requiring at least A$30 million in equity capital. The Firm primarily looks for businesses operating in Australia and New Zealand. CHAMP is affiliated with New York based private equity firm Castle Harlan. CHAMP Private Equity was formed in 2000 and is based in Sydney.

DEAL STATS #
Overall 8 of 24
Sector (Beverages) 1 of 2
Type (Add-on Acquisition) 2 of 9
Country (Australia) 8 of 21
Year (2009) 2 of 2
Size (of disclosed) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-03 Centric Capital

Sydney, Australia

Centric Capital is a provider of wealth advisory and accounting services to clients who may access Centric Wealth through offices located in Sydney, Melbourne, Brisbane, Canberra. Centric Capital is based in Sydney, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-07 ATF Services

Seven Hills, Australia

ATF Services is a provider of temporary fence and height safety services to the residential, non–residential, engineering construction, and special events sectors. ATF Services was founded in 1989 and is based in Seven Hills, Australia.

Buy -
SELLER

Castle Harlan

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Castle Harlan is a large private equity firm that targets private company investments in the US and Australia. Castle Harlan targets businesses in a wide range of industries that include, packaging, industrial services, manufacturing, restaurants, business services, distribution, publishing, and transportation. Castle Harlan can provide both equity and mezzanine capital. The Firm is affiliated with Australian private equity firm CHAMP Private Equity, and together formed CHAMP - Castle Harlan Australian Mezzanine Partners. Castle Harlan was formed in 1987 and is based in New York City.

DEAL STATS #
Overall 23 of 38
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 11 of 17
Country (Australia) 2 of 2
Year (2009) 1 of 1
Size (of disclosed) 3 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-28 AmeriCast Technologies

Atchison, Kansas, United States

AmeriCast Technologies is a designer, manufacturer and supplier of high-engineered steel and iron castings and machined components for customers such as Caterpillar, General Electric and Electro-Motive.

Sell $288M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-16 Pretium Packaging

Chesterfield, Missouri, United States

Pretium Packaging is a provider of custom, high-performance rigid plastic bottles, and containers, serving a diverse base of customers in the food and specialty beverage, healthcare, sports nutrition, personal care, beauty, and household products end markets. Pretium Packaging was established in 1992 and is based in Chesterfield, Missouri.

Buy $200M
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