National law firm Holding Redlich has advised Australian Lamb Company Pty Ltd (ALC) on a A$400 million (US$250 million) transaction that will see 100 per cent of its issued shares acquired by Minerva Foods Australia.
Australian Lamb Company is a leading processor and exporter of lamb products worldwide. Its operations include a fully integrated lamb processing facility in Colac, Victoria, and a boning room, sales and marketing hub in Melbourne, Victoria.
The acquisition will see ALC join Minerva’s lamb processing portfolio in Australia, which includes two lamb processing plants in Western Australia.
Holding Redlich Partner Warren Scott, Senior Associate Cassie Taylor and Lawyer Elly Randall from the firm’s Corporate and Commercial practice advised on the transaction alongside PricewaterhouseCoopers (PwC), led by Andrew Livitsanos. Holding Redlich partners Ben McKinley, Joseph Monaghan and Howard Rapke also provided additional assistance throughout the project.
Lead partner Warren Scott said the firm congratulates the Australian Lamb Company on a deal that will see Colac’s largest employer remain a strong player and provide further growth and employment opportunities for that regional Australian community.
“Holding Redlich is proud to have advised Australian Lamb Company, a true Australian success story, on a transaction that will benefit their customers, partners and staff. At $400 million, the deal’s value reflects ALC’s significant footprint in local and international markets. We are pleased that its 800 staff, including executive management, will continue in the ALC business.”
Holding Redlich National Managing Partner, Ian Robertson AO, said the firm’s role in the deal demonstrates the firm’s outstanding capabilities in M&A.
“The large scale of this deal and outcome achieved by ALC is an excellent reflection of our firm’s market-leading capabilities and expertise in advising on large international transactions. Congratulations to Warren, Cassie, Elly and our Corporate and Commercial team on this outcome.”