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Suntory Beverage & Food has sold its fresh coffee business, which includes brands Toby’s Estate and Mocopan, to global coffee business UCC Holdings for $229 million.
Firm: Clayton Utz (Suntory Beverage & Food Limited).
Value: $229 million.
Area: M&A.
Key players: Sydney-based corporate partner Geoff Hoffman led the Clayton Utz team, which included lawyers Megan Williams and Natasha Cutler.
Deal significance: SBF’s fresh coffee business includes the specialty brands Toby’s Estate, L’affare, and Atomic and mainstream coffee brands, including Robert Harris and Mocopan, as well as a significant contract roasting operation servicing key accounts in the retail and convenience sector.
The transaction total consideration is approximately $229 million, plus debt, and is expected to complete in the first half of 2022.
Clayton Utz said this deal “reflects ongoing strong investor appetite for quality food and beverage businesses, continuing the trend for the past several years”.
Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.
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Lauren Croft
