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Add-on Acquisition • Chemicals

Ridley Acquires Penrice Soda Holdings

On May 19, 2005, Ridley acquired chemicals company Penrice Soda Holdings from Equity Partners Pty

Acquisition Context
  • This is Ridley’s 1st transaction in the Chemicals sector.
  • This is Ridley’s 1st transaction in Australia.

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M&A Deal Summary
Date May 19, 2005
Target Penrice Soda Holdings
Sector Chemicals
Buyer(s) Ridley
Sellers(s) Equity Partners Pty
Deal Type Add-on Acquisition

Target Company

Penrice Soda Holdings

South Australia, Australia
Penrice Soda Holdings Ltd. Formerly Penrice Soda Products Pty Ltd) was established in the late 1930's. During CHAMP’s ownership Penrice was the only manufacturer in Australia of soda ash, a vital ingredient in products ranging from glass containers (especially wine bottles) to washing powder, and sodium bicarbonate, used in applications as diverse as animal feed, food and pharmaceuticals.
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Buyer Overview 1

Buyer

Ridley

Victoria, Australia
Category Company
Founded 1987
Sector Food
Employees622
Revenue 1.3B AUD (2024)
DESCRIPTION

Ridley provides animal nutrition solutions owning Ridley AgriProducts. Ridley was founded in 1987 and is based in Melbourne, Australia.

Deal Context for Buyer #
Overall 1 of 1
Sector: Chemicals 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Australia 1 of 1
Year: 2005 1 of 1

Seller Profile 1

SELLER

Equity Partners Pty

Sydney, Australia
Category Private Equity Firm
Founded 1995
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Equity Partners is a generalist private equity firm that targets investments in Australia and New Zealand. Equity Partners looks to invest in established, profitable businesses with AU$4 to AU$20 million of EBIT. Prospective transactions include management buyouts, buy-ins, recapitalizations, and expansion financings. Equity Partners will not invest in start-up or early stage transactions as well as real estate or mining companies. Equity Partners was formed in 1995 and is based in Sydney, Australia.

Deal Context for Seller #
Overall 2 of 8
Sector: Chemicals 1 of 1
Type: Add-on Acquisition 2 of 6
Country: Australia 2 of 8
Year: 2005 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-15 Legion Interactive Pty

Sydney, Australia

Legion was Australia's market leader in interactive communications services. It specialised in promotional marketing and media interactivity, content acquisition, aggregation, publishing and delivery.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-20 SFG Australia

Heidelberg, Australia

Snowball is a specialist financial services organisation that focuses on providing integrated financial planning, superannuation, investment, insurance and accounting services to its clients in an efficient and cost effective way.

Buy -

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