News

28/02/19

G+T advises Pacific Equity Partners on sale of Allied Pinnacle to Nisshin Seifun Group

Allied Pinnacle is Australia’s leading flour, ingredients and bakery products manufacturer and engages over 1,300 employees across 14 manufacturing sites. 

G+T worked closely with PEP and management over the course of PEP’s ownership of Allied Pinnacle which culminated in running a global sale process. G+T was involved across all aspects of this process from advising on structuring and bidder engagement, coordinating due diligence and negotiating transaction documents which were signed on 27 February 2019.

Corporate/M&A Partner Hiroshi Narushima led the G+T team, with lawyers Ilona Hunnisett and Oliver Yee supporting.

Commenting on the deal, G+T partner Hiroshi Narushima said, “We have worked closely with PEP and management since PEP’s original acquisition of the Pinnacle Bakery and Integrated Ingredients business. We have seen the Allied Pinnacle business evolve through innovation initiatives and acquisitions into adjacent products to become the leading Australasian flour and baked products manufacturer.  We are pleased to have advised PEP and management on this significant transaction.”

Nisshin Seifun Group was advised by Ashurst and Nishimura & Asahi.

About Gilbert + Tobin

Gilbert + Tobin’s market-leading Corporate Advisory team has advised on many of Australia’s largest and most innovative private equity transactions, including advising Harbour Energy on its $14.4 billion bid for Santos, GrainCorp on its $3.3 billion (enterprise value) approach by Long Term Asset Partners, Coca-Cola Amatil on the joint acquisition by Amatil and its major shareholder, US-based The Coca-Cola Company, of a 45% equity stake in Made Group and CHAMP Private Equity on the $1 billion sale of Accolade Wines.  

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