M&A Deal Summary |
|
|---|---|
| Date | 2022-09-15 |
| Target | Vesco Foods |
| Sector | Food |
| Buyer(s) | PAG |
| Sellers(s) | Heat to Eat Holdings Pty. |
| Deal Type | Divestiture |
SEARCH BY
| Category | Asset Manager |
|---|---|
| Founded | 2002 |
| PE ASSETS | 30.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 22 of 26 |
| Sector: Food M&A | 4 of 5 |
| Type: Divestiture M&A Deals | 4 of 5 |
| Country: Australia M&A | 5 of 6 |
| Year: 2022 M&A | 6 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-09-15 |
Patties Food Group
Mentone, Australia Patties Food Group is a provider of frozen savoury and frozen dessert pies, with key products including meat pies, sausage rolls and fruit pies. The company is known for some of Australia’s best-loved brands, including Four’N Twenty, Herbert Adams, Boscastle and Nanna’s, and Leader. Patties Food Group was founded in 1966 and is based in Mentone, Victoria. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-20 |
Shandong Fengxiang
Liaocheng, China Shandong Fengxiang engages in the research and development, processing, and sale of chicken meat products from white-feathered broilers in China. It offers processed chicken meat products, raw chicken meat products, chicken breeds, and other products. Shandong Fengxiang was founded in 2010 is headquartered in Liaocheng, China. |
Buy | - |
Heat to Eat Holdings Pty. Ltd. is a producer of frozen ready meals.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Food M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: Australia M&A | 1 of 1 |
| Year: 2022 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-11-07 |
Prepared Foods Australia
Wacol, Australia Prepared Foods Australia is a producer of frozen ready meals and components which currently serves the adjacent Health & Food Service channel. |
Buy | - |
