M&A Deal Summary

Chevalier Acquires Oakville Produce

On April 10, 2013, Chevalier acquired food company Oakville Produce from Catalyst Investment Managers Pty. for 212M AUD

Acquisition Highlights
  • This is Chevalier’s 1st transaction in the Food sector.
  • This is Chevalier’s 0th largest (disclosed) transaction.
  • This is Chevalier’s 1st transaction in Australia.
Investment Fate
  • Oakville Produce went bankrupt in 2016.

M&A Deal Summary
Date 2013-04-10
Target Oakville Produce
Sector Food
Buyer(s) Chevalier
Sellers(s) Catalyst Investment Managers Pty.
Deal Type Add-on Acquisition
Deal Value 212M AUD

Target

Oakville Produce

Homebush Bay, Australia
Oakville Produce is a distributor of fresh produce to the retail sector. The business comprises vertically integrated operations that span the fresh produce supply chain and operate in every market in Australia. This includes operations in farming/ growing, packing, packaging, processing marketing and logistics. Oakville Produce is based in Homebush Bay, Australia.

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Buyer(S) 1

Buyer

Chevalier

Hong Kong, China
Category Company
Founded 1970
Sector Diversified
Revenue 8.2B HKD (2024)
DESCRIPTION

Chevalier has developed into a diversified global conglomerate. Chevalier's diverse business portfolio includes construction and engineering, property investment, property development and operations, healthcare investment and car dealership. Chevalier was founded in 1970 and is based in Hong Kong, China.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Australia) 1 of 1
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-11 Oakville Produce

Homebush Bay, Australia

Oakville Produce is a distributor of fresh produce to the retail sector. The business comprises vertically integrated operations that span the fresh produce supply chain and operate in every market in Australia. This includes operations in farming/ growing, packing, packaging, processing marketing and logistics. Oakville Produce is based in Homebush Bay, Australia.

Sell -

Seller(S) 1

SELLER

Catalyst Investment Managers Pty.

Sydney, Australia

Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Catalyst Investment Managers Pty. Ltd. is a large Australian private equity firm that invests in businesses valued between A$100 and A$500 million. Catalyst is a generalist investor and will consider opportunities throughout Australia and New Zealand. Target businesses generally exhibit market leadership, consistent cash-flows, organic growth potential, and strong management. Catalyst Investment Managers was established in 1989 and is based in Melbourne.

DEAL STATS #
Overall 7 of 10
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 4
Country (Australia) 4 of 7
Year (2013) 1 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-11 Cirrus Media

Chatswood, Australia

Cirrus Media Ltd. is a Australia's major B2B media and publishing company located in Sydney. Company have been building and engaging with specialised Australian audiences for over 20 years. Company have spent over 20 years building engaged audiences through ability to create and distribute great content. Company help create powerful stories that represent client brand and display it to a targeted audience to get story noticed.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-22 EziBuy

Auckland, Australia

EziBuy Ltd. is a direct-to-customer retailer of apparel and homewares in both New Zealand and Australia, operating primarily via an online platform, catalogues and contact centres.

Sell NZ$350M
Mergr

Product

Company

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