Investment Summary

Advent Partners Invests In Frosty Boy Australia

On March 10, 2017, private equity firm Advent Partners invested in food company Frosty Boy Australia

Investment Highlights
  • This is Advent Partners’ 2nd transaction in the Food sector.
  • This is Advent Partners’ 19th transaction in Australia.

Investment Summary

Date 2017-03-10
Target Frosty Boy Australia
Sector Food
Investor(s) Advent Partners
Deal Type Growth Capital

Target

Frosty Boy Australia

Yatala, Australia
Frosty Boy Australia is an Australian producer of high-quality, value-added dairy products including frozen dessert and beverage bases. Frosty Boy supplies 50 countries throughout the world and has won numerous export and customer awards. Frosty Boy Australia was founded in 1976 and is based in Yatala, Australia.

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Investor(S) 1

Investor

Advent Partners

Melbourne, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 700M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Advent Private Capital is an Australian private equity firm focused on investing in privately owned, growing businesses, with strong management and sustainable competitive advantages. Advent looks to invest in businesses valued between $15 and $100 million AUS with operating profits of at least $4 million. Advent considers itself a generalist private equity firm with an expansive industry focus, however, the Firm has a history of targeting manufacturing and service-based businesses. Advent will not invest in property development, resources, primary production, listed companies, start-ups or early-stage transactions. Advent was formed in 1984 and is based in Melbourne.


DEAL STATS #
Overall 19 of 28
Sector: Food M&A 2 of 2
Type: Growth Capital M&A Deals 9 of 14
Country: Australia M&A 19 of 25
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 Botanical Food Co. Pty.

Queensland, Australia

Botanical Food Co. Pty. Ltd. is a producer of fresh herb and spice pastes under the Gourmet Garden brand.

Sell $114M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-11 Integrated Packaging Group Pty

Reservoir, Australia

Integrated Packaging Group Pty Ltd. is a specialist manufacturer and distributor of stretch film wrap and associated products and has expanded into printed polyethylene products and PVC food films. Servicing both agricultural and industrial markets, IPG provides high quality and cost-effective solutions for protecting your crop, stock, and warehouse goods.

Sell $178M