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Australian pastry business sold
An award-winning Australian pastry business has been sold to a national private equity firm.
Jerome Doraisamy
Firm: DLA Piper (Boscastle Pastries and Foods); Clayton Utz (Pacific Equity Partners).
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Deal: Award-winning Australian business Boscastle Pastries and Foods has been sold to Patties, which is owned by Pacific Equity partners, a leading Australian private equity firm.
Value: Undisclosed.
Area: Corporate.
Key players: The DLA Piper team was led by corporate partner and head of the Melbourne office David Hallam, who was supported by corporate senior associate Dylan Burke.
Deal significance: “We are delighted to advise Boscastle on the sale of their food business,” said Mr Hallam.
“This represents a significant achievement for the team and is an important recognition of the value of their products and reputation among consumers and wholesale food buyers.”
The business produces gourmet pies, pastries and quiches for the retail and wholesale markets.
