Thomson Geer has advised the Australian arm (Leges Holdings) of US food manufacturing giant OSI Group on the buyout of its joint venture partner in Australian chicken and food producer Turosi for A$148 million. Turosi is a privately owned, leading food manufacturer and supplier of fresh poultry and prepared food solutions.
Thomson Geer assisted Otto and Sons Australia II Pty Ltd carry out a private placement to raise $44,000,000 comprising its portion of the purchase price under the share sale deed. TG reviewed, advised on and negotiated the share sale deed and manage all aspects of the acquisition and closing of the transaction.