Fine Foods and Max Foods – sale of majority interest to Champ Private Equity
Miles Advisory Partners advised the shareholders of Fine Food Holdings (Fine Foods) and Max Foods on the sale of the businesses to Champ Private Equity (CPE).
Transaction Details
Sector
Consumer
Miles Role
Sell-side advisor to the shareholders of Fine Foods and Max Foods
Deal Type
Business Divestments
Year Completed
2018
Contacts for this Transaction
Lloyd Way
Managing Director
Overview
- Fine Foods is a manufacturer and distributor of premium crackers and Max Foods is a premium seafood business importing and distributing chilled and packaged products
- The business comprised company owned and licensed brands including OB Finest, Olina’s Bakehouse and Ocean Blue, distributed into 3,000+ retail stores in Australia and 4,100+ retail stores in the US
- CPE combined the businesses under a single platform (later operating as Gourmet Food), spanning premium crackers, sugar-free biscuits and chilled and packaged seafood
- Gourmet Food was subsequently acquired by Mondelez International (with Miles acting as the sell-side advisor)
Further information on this transaction is available at: AFR Article
