Allens has steered Paine Schwartz Partners (PSP) and a consortium – Driscoll’s and British Columbia Investment Management Corporation – towards a USD2.459 billion acquisition of Australia’s Costa Group Holdings.
King & Wood Mallesons (KWM) has acted for Costa on all aspects of the transaction, led by partner Henrik Moritz.
Jeremy Low, lead partner at Allens, said: “We are delighted to have advised PSP and the consortium on this significant transaction, which invests in the continued growth of Australia’s food supply chain and congratulate them on this outstanding outcome.”
The acquisition was recently completed following approvals from Costa’s shareholders and the Federal Court of Australia.
Costa is a leading grower, packer and marketer of fresh fruit and vegetables in Australia.
Paine Schwartz Partners is a private equity firm specialising in sustainable food chain investments.
