Recent Transactions

09-Mar-20
Pending
$10.6 billion
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Target: 

Tesco plc’s Thailand and Malaysia businesses

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Acquiror: 
Charoen Pokphand Group

Advising Tesco plc, a leading UK retailer, on the sale of its Thailand and Malaysia businesses to Charoen Pokphand Group, the Thai conglomerate 

07-May-18
$7.1 billion
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Target: 

Frutarom

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Acquiror: 
International Flavors and Fragrances

Advised IFF, a leading innovator of specialty ingredients, on its acquisition of Frutarom, creating a global leader in Taste, Scent and Nutrition

23-Apr-09
$5.7 billion
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Target: 

Lion Nathan

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Acquiror: 
Kirin Holdings

Advised Lion Nathan, a leading brewery in Australia, on the sale of its remaining 54% stake to Kirin Holdings, a leading beverage company in Japan

03-Dec-18
$4.0 billion
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Target: 

Assets owned by GlaxoSmithKline plc

Acquiror: 
Unilever plc / Hindustan Unilever Limited

Advised GlaxoSmithKline plc, the UK listed international pharmaceutical and consumer healthcare company, on the divestment of Horlicks and other consumer healthcare nutrition brands to Unilever plc, and on the merger of GSK Consumer Healthcare Limited with Hindustan Unilever Limited

27-Mar-18
$1.6 billion
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Target: 

Yakult

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Acquiror: 
Danone

Advised Danone, a leading global food & beverage company, on renewing its strategic partnership with Yakult, a global leader in probiotic beverages, as well as the sale of part of its stake in Yakult

07-Dec-12
$43 million
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Target: 

Champion Flour Limited

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Acquiror: 
Nisshin Seifun Group Inc.

Advised Goodman Fielder, a leading Australian listed food company, on the sale of its New Zealand flour milling business, Champion Flour, to Nisshin Seifun Group Inc.

24-Dec-10
$NA
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Target: 

Tegel Foods Limited

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Acquiror: 
Affinity Equity Partners

Advised Pacific Equity Partners and ANZ, the shareholders of Tegel Foods (Tegel), on the sale of Tegel, New Zealand’s preeminent producer of poultry products, to Affinity Equity Partners

13-Apr-11
$NA
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Target: 

Retail Apparel Group

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Acquiror: 
Navis Capital

Advised CHAMP Ventures on the sale of its portfolio company Retail Apparel Group, an Australian based men’s specialty apparel retailer, to Navis Capital, one of the largest regional private equity business in south-east Asia

02-Oct-13
$NA
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Target: 

Tesco PLC's Chinese retail operations

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Acquiror: 
China Resources Enterprise

Advised Tesco PLC on the formation of a joint venture with China Resources Enterprise, a Hong Kong listed, Chinese retailer, to create the leading multi-format retailer in China

09-Dec-13
$NA
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Target: 

Lazada Group GmbH

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Acquiror: 
Tesco plc

Advised Tesco plc, a listed FTSE 100 retailer, on its acquisition of a significant minority shareholding in Lazada, the leading online general merchandise retailer in South East Asia

01-Oct-14
$NA
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Target: 

Modern Star Pty Ltd

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Acquiror: 
Navis Capital

Advised Modern Star, Australia and New Zealand’s #1 supplier of education resources and educational toys, on the sale of 90% of its shares to Navis Capital, a leading private equity group focused on investments in South and Southeast Asia

20-Feb-20
Pending
$NA
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Target: 

Asia and US rights to Physiogel

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Acquiror: 
LG Household & Health Care

Advising GlaxoSmithKline plc (“GSK”), the UK listed international pharmaceutical and consumer healthcare company, on the divestiture of the rights to Physiogel Asia and the US to Korea-based LG Household & Health Care Ltd

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