News Formal

Roc Partners' Acquisition of Pace Farms Wins Asia Pacific Deal of the Year

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 40 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 90%

Business News

Roc Partners,Acquisition,Pace Farms

Roc Partners' acquisition of Australia's second-largest egg supplier Pace Farms has been awarded the prestigious Asia Pacific deal of the year title at the Agri Investor awards. The acquisition was made in August 2023 for $350 million from Roc's Premium Food Fund, alongside co-investors. This recognition highlights Roc's contributions to the agricultural sector and its deal-making skills.

Roc Partners’ acquisition of Australia’s second-largest egg supplier Pace Farms has nabbed the prestigious Asia Pacific deal of the year title at this year’s Agri Investor awards.acquired Pace Farms in August 2023

from founders Frank and Dianna Pace, who put the business up for sale after four decades in the family. They tapped PwC to run the process, which Roc landed with a bid worth some $350 million, positioning it as one of the larger private transactions for the year. The acquisition was made from Roc’s Premium Food Fund, alongside co-investors.

The pair of awards recognise Roc’s contributions to the agricultural sector and its deal-making skills. Since the Pace deal, pan-Asian buyout firm Navis Capital has, led by managing director Brad Mytton and founder Michael Lukin, has $2.5 billion in agricultural assets under management including Stone Axe Pastoral, a producer of Wagyu beef, ProTen, a chicken broiler farm operator, and Flavorite, a glasshouse vegetable grower.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rural investment: Canadians pay $180m to take control of Queensland egg farmer Ellerslie Free Range FarmsThe majority stake in Ellerslie Free Range Farms is PSP Investments’ first acquisition in Australia’s $1.3 billion egg sector.
Source: FinancialReview - 🏆 2. / 90 Read more »

Sohn: Why Orso Partners Nathan Koppikar won’t short ASX-listed companiesUS-based Australian manager Nathan Koppikar says the ASX is too dominated by super funds and investor cliques – and other hedge funds agree.
Source: FinancialReview - 🏆 2. / 90 Read more »

ASX : From Aware Super to Blackwattle Investment Partners, how Tim Riordan is making moneyThe former equities boss says strategic alignment is key when looking at stocks to buy, and is expecting more M&A, having already picked one of the year’s top takeover targets.
Source: FinancialReview - 🏆 2. / 90 Read more »