Private-equity firms “mull bid” for Primo Smallgoods
Primo Smallgoods is the subject of reported interest from private-equity firms, including Blackstone and Affinity Equity Partners.
A Reuters report said last week that private-equity firms are looking to buy 50% of family-owned Primo, which earlier this year reportedly looked at an IPO.
Sources told Reuters that Primo’s owners had hired Macquarie Capital to look at an IPO and a sale and approached around ten possible bidders.
However, the process was put on hold, the sources said, as Primo needed to resolve its internal shareholding.
Now, possible buyers are once more looking at the business and first-round bids for 50% of Primo are expected in around three weeks, Reuters added.
just-food is the world’s leading portal for the global pre-packaged food and retail industries. Its daily mix of breaking news, views, analysis and research serves over 100,000 food executives each month. http://www.just-food.com/
A group of Australian dairy farmers are extremely unhappy with the pricing decisions by both Murray ...
A new research study from Cornell University in the US has discovered that some population groups ar...
IBISWorld says its research indicates the backpacker tax will negatively affect a number of Australi...
So, Amazon has bought Whole Foods in a deal worth $13.7 Billion, around $18 billion Australian. The ...
Fonterra will be spending millions on expanding its Victorian and Tasmania manufacturing facilities ...
Finding a snack you can trust is no piece of cake for one in seven Australians with gut issues. Whi...
Maxum Foods, one of Australia’s leading suppliers of dairy ingredients has officially launched thei...
The supermarket game has not been a walk in the park recently for Metcash with stiff competition fr...