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New Deal


Announced

Completed

Equilibrium Capital, Temasek and PSP Investments completed a $360m investment in Perfection Fresh.

Financials

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Transaction Value£301m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Friendly

fresh products

Acquisition

Completed

Farming Fishing Ranching and Plantations

Minority

Australia

Private

Private Equity

Synopsis

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Equilibrium Capital, Temasek and PSP Investments, three investment firms, completed a $360m investment in Perfection Fresh, a privately owned fresh produce business. “I’m thrilled to be partnering with three globally recognised investors in agriculture to take Perfection Fresh into our next phase of growth. My family has enjoyed a positive partnership with the Victor Smorgon Group and James Orloff over the past 15 years. We successfully expanded that partnership four years ago to include PSP Investments, and we now look forward to our next chapter with our new partners joining the Perfection Fresh business. The addition of our new shareholders provides exciting new opportunities for our key stakeholders including our customers, our plant variety licencing partners, our grower partners, and our staff,“ Michael Simonetta, Perfection Fresh CEO.

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