Thomsons acts on $880m sale of Inghams

Mar 12 2013

News

Thomsons has acted for Bob Ingham on the sale of the iconic Ingham group to TPG Capital for approximately $880 million.
 
Partner David Zwi led Thomsons’ M&A team on this assignment with key support from Partner John Martin, Senior Associate Jason Marcus, and Associate Helen Jin. Partners Fraser Bell, Tom Boyce, David Gaszner and Adam Pope advised on aspects of environment, property, trade practices and dispute resolution, as required for the transaction.

Chief Executive Partner, Adrian Tembel, said the successful sale process was a result of the hard work, persistence and patience of all involved since the proposed sale was first announced in mid 2012.

“Our national M&A team continues to attract and be retained on increasingly complex and valuable assignments around the country,” he said.

“We’ve received a great deal of positive feedback, which I attribute to the strategic, technical, and interpersonal skills of our corporate team, who executed this deal with total commitment and precision.”

Inghams is Australia’s largest poultry producer. The company operates a fully integrated farming, primary and further processing poultry production business, with a total of 11 stock feed mills, 10 primary poultry production plants, and nine further processing plants. It also operates a diversified stockfeed business, produces ingredients for pet food and stockfeed, and has a piggery operation.

TPG Capital is the global buyout group of TPG, a leading US based private investment firm with more than $48 billion of assets under management. TPG was advised by Herbert Smith Freehills.

Herbert Smith Freehills Melbourne-based partners Baden Furphy and Robert Nicholson led a team advising on acquisition strategy and documentation. Baden and Robert were supported by the corporate team, including Senior Associate Ben Landau and Solicitors Kam Jamshidi and Julian Rebechi. Hayley Neilson, finance partner, advised TPG on the financing aspects of the transaction. The finance team was led by Hayley and supported by her team, including Senior Associate Jeremy Murnain and Solicitor Hayden Guthrie.