JBS Australia’s $175 Million Acquisition of Rivalea

Allens has advised Singapore Exchange-listed QAF Limited on the sale of its Australian primary production business to a wholly-owned subsidiary of JBS S.A. for an enterprise value of $175 million.

The sale includes 100 per cent of Rivalea Holdings Pty Ltd and 100 per cent of Oxdale Dairy Enterprise Pty Ltd, the combined group being an integrated pork producer in Australia with feed mills, pig genetics, pig breeding, grower farmers and pork processing plants.

JBS Foods Australia is the country’s largest meat and food processing company.

Rivalea Holdings Pty Ltd is a foreign owned proprietary company deriving revenue from pig production, and integrated operations for stockfeed and wholesaling. 

QAF Limited is a leading multi-industry food company with core businesses in Bakery, Primary Production, and Distribution and Warehousing.

The Allens’ team was led by Mark Malinas (Picture), and included Hannah Biggins (Managing Associate), Vincent Pang (Associate) (all M&A), Jacqueline Downes (Partner), James Somerville (Senior Associate) (all Competition, Consumer and Regulatory) and Bill McCredie (Partner) (Projects and Development).

 

 

 

Involved fees earner: Hannah Biggins – Allens; Jacqueline Downes – Allens; Mark Malinas – Allens; Bill McCredie – Allens; Vincent Pang – Allens; James Somerville – Allens;

Law Firms: Allens;

Clients: QAF Limited;

Author: Sonia Carcano