Major Aus food manufacturer sold
Two firms have advised on the acquisition of an iconic Australian food manufacturing company.
![Bart Oude-Vrielink](/images/Bart-Oude-Vrielink.jpg)
Firms: MinterEllison (Patties Foods Limited); Allens (Pacific Equity Partners)
Deal: Patties Foods Limited has been acquired by Pacific Equity Partners via a members’ scheme of arrangement.
Value: $307 million
Area: Finance, M&A
Key players: The team advising Patties Foods Limited was led by MinterEllison lead partner Bart Oude-Vrielink (pictured), with assistance from partner Alberto Colla, senior associates Michael Watts and Kelly Griffiths, associate Amy Hirth, and graduates Elissa Young and Natasha Simonds.
Deal significance: Patties Foods is an Australian food manufacturing company that owns a portfolio of iconic Australian brands.
The acquisition of Patties Foods by Pacific Equity Partners will see Patties de-list from the ASX and become a wholly owned subsidiary of Australasian Foods Bidco Pty Limited – an entity owned by funds managed or controlled by Pacific Equity Partners.
“We are delighted to have advised our long-standing client Patties on this significant transaction. The stub equity and special dividend components required us to apply specialist corporate and tax expertise to deliver a proposal that was overwhelmingly supported by shareholders,”said Bart Oude-Vrielink, lead partner at MinterEllison.
“We wish Patties every success under private equity ownership.”
![Emma Musgrave](https://res.cloudinary.com/momentum-media-group-pty-ltd/image/upload/v1666567443/Lawyers%20Weekly/emma-musgrave-author-image_cjyhtk.jpg)
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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