M&A Deal Summary

Goodman Fielder Acquires Paradise Food Pty

On May 19, 2008, Goodman Fielder acquired food company Paradise Food Pty from Archer Capital for 79M AUD

Acquisition Highlights
  • This is Goodman Fielder’s 1st transaction in the Food sector.
  • This is Goodman Fielder’s 0th largest (disclosed) transaction.
  • This is Goodman Fielder’s 1st transaction in Australia.

M&A Deal Summary
Date 2008-05-19
Target Paradise Food Pty
Sector Food
Buyer(s) Goodman Fielder
Sellers(s) Archer Capital
Deal Type Add-on Acquisition
Deal Value 79M AUD

Target

Paradise Food Pty

Carole Park, Australia
Paradise Food Pty Ltd. it is a biscuit manufacturer and marketer. The company has an extensive range of branded biscuits, is a major supplier of private label biscuits and bars to a number of grocery retailers in Australia, and has low-cost, state-of-the-art biscuit and bar manufacturing facilities in its Brisbane plant.

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Buyer(S) 1

Buyer

Goodman Fielder

Macquarie Park, Australia
Category Company
Founded 1909
Sector Food
Revenue 2.2B AUD (2014)
DESCRIPTION

Goodman Fielder is a food company with a portfolio of well-known consumer brands in some of the region’s largest grocery categories, including MeadowLea, Praise, White Wings, Pampas, Helga’s, Wonder White, Vogel’s (under license), Meadow Fresh, Edmonds, and Irvines. The company produces and markets bread, milk, margarine, flour, dressings, condiments, mayonnaise, frozen pastry, cake mix, desserts, sauces, vinegar, and cooking oils. Goodman Fielder was formed in 1909 and is based in Macquarie Park, Australia.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Australia) 1 of 1
Year (2008) 1 of 1

Seller(S) 1

SELLER

Archer Capital

Dawes Point, Australia
Category Private Equity Firm
Founded 1997
PE ASSETS 2.5B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Archer Capital is an independent private equity firm that targets buyout opportunities in Australia and New Zealand. Archer looks for growth companies with strong market positions. Archer prefers majority investment positions. The Firm will not invest in real estate or businesses with unproven technology. Archer Capital was formed in 1997 and is based in Dawes Point, Australia.

DEAL STATS #
Overall 12 of 29
Sector (Food) 2 of 2
Type (Add-on Acquisition) 5 of 16
Country (Australia) 10 of 24
Year (2008) 1 of 1
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-01 Cura

Bowen Hills, Australia

Cura is a provider of day hospital facilities. Cura provides and continually maintains modern and well equipped facilities to the highest safety standards, enabling specialists to focus exclusively on their patients. Cura is based in Bowen Hills, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-01 Michaelis Bayley Holdings Pty.

Footscray, VIC, Australia

Homy Ped, is a designer, importer and wholesaler of comfort footwear in Australia. Homy Ped products are sold exclusively through approximately 500 Australian pharmacies with all research and development and warehousing located at the company’s head office in Footscray, Victoria.

Buy -
Mergr

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