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New Deal


Announced

Completed

Paine Schwartz Partners completed the acquisition of the remaining 86.22% stake in Costa Group for $935m.

Financials

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Transaction Value£736m
Consideration TypeCash, Special Dividend
Capital Owned14%
Capital Bid For86%
EV/Sales-
EV/EBITDA-
Share Price Premium34.6%
One Off Charge-

Tags

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horticultural

Fruit and Grain Processing

Cross Border

Public

Single Bidder

Australia

Acquisition

Majority

Private Equity

Friendly

Scheme

Completed

Synopsis

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Paine Schwartz Partners, a private equity firm, completed the acquisition of the remaining 86.22% stake in Costa Group, a grower, packer and marketer of fresh fruit and vegetables, for $935m. “We welcome the Costa Group into the Driscoll’s family and look forward to deepening our relationship with even more deliberate collaboration across the globe. This is one of the largest equity investments Driscoll’s has ever made, which speaks to the formidable partnership and considerable value we see in the Costa portfolio and the company’s long-term future and growth prospects,” Soren Bjorn, Driscoll’s CEO.

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