M&A Deal Summary

PAG Acquires Cordina Group

On March 16, 2022, asset manager PAG acquired food company Cordina Group

Acquisition Highlights
  • This is PAG’s 2nd transaction in the Food sector.
  • This is PAG’s 3rd transaction in Australia.

M&A Deal Summary

Date 2022-03-16
Target Cordina Group
Sector Food
Buyer(s) PAG
Deal Type Buyout (LBO, MBO, MBI)

Target

Cordina Group

Girraween, Australia
Cordina Group is a vertically integrated poultry farmer and processor in Australia, with a focus on value-added products. Cordina Group is based in Girraween, New South Wales.

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Buyer(S) 1

Buyer

PAG

Hong Kong, China

Investor Investor Investor


Category Asset Manager
Founded 2002
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

PAG is a large independent alternative investment management group focused on private equity, real estate, and absolute returns. PAG’s private equity business, PAG Asia Capital or PAGAC, focuses on large-scale buyouts, control deals, and structured minority investments. PAG’s real estate strategy manages a series of real estate opportunity and core plus funds investing in properties in Japan, China and throughout Asia-Pacific. PAG’s absolute return business focuses on building long term relationships with its partners by offering a flexible range of financing solutions to meet short and long term funding needs. PAG was formed in 2002 and is headquartered in Hong Kong.


DEAL STATS #
Overall 18 of 26
Sector: Food M&A 2 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 9
Country: Australia M&A 3 of 6
Year: 2022 M&A 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 AiFenLei

Beijing, China

AiFenLei, also known as LoveRe, is an innovative provider of waste sorting and recycling solutions in China. AiFenLei was founded in 2004 and is based in Beijing, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-29 Arabica

Hong Kong, China

%Arabica is an international coffee chain brand known for its striking store designs and unique coffee blends. %Arabica was founded in 2014 and is based in Hong Kong, China.

Buy -