Australian meat firm Primo Smallgoods is the subject of reported interest from private-equity firms, including Blackstone and Affinity Equity Partners.
A Reuters report said today (17 June) 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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData