Allens has advised Paine Schwartz Partners (PSP) and a consortium comprised of entities controlled by PSP, Driscoll's, Inc. and British Columbia Investment Management Corporation on its successful acquisition of Costa Holdings Limited for an enterprise value of A$2.459 billion by way of scheme of arrangement. The transaction completed in late February following receipt of Costa shareholder approval and the approval of the Federal Court of Australia.
Costa Holdings Limited is Australia's largest horticulture group and a leading grower, packer and marketer of fresh fruit and vegetables. It operates across five core categories including citrus, berries, mushrooms, tomatoes and avocados.
'We are delighted to have advised PSP and the Consortium on this significant transaction, which invests in the continued growth of Australia's food supply chain and congratulate them on this outstanding outcome,' said lead Partner Jeremy Low.
Allens advised on all aspects of the transaction in M&A, finance, tax, competition and FIRB, real estate and property, IP and employment.
