Gourmet Food Holdings up for sale; NAB's life insurance retreat; Westpac's six bagger

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Good evening,This next deal's a cracker. Tonight, we reveal which premium foods business owned by private equity outfit

Wednesday

October 21, 2020

Street Talk

First Look

Good evening,
This next deal's a cracker.
Tonight, we reveal which premium foods business owned by private equity outfit CPE Capital is about to come up for sale. The company in question – which makes premium crackers, chilled-packaged seafood and sugar-free biscuits – is expected to notch $250 million revenue in the next 12 months and will be auctioned off to PE and trade buyers.
Meanwhile, four years after selling MLC Life to Nippon Life Insurance Company, National Australia Bank is back looking to offload another life insurance division. We've got the details.
Finally, Westpac waved goodbye to its investment in payments company Zip on Wednesday evening, and we've got the jump on the next IPO candidate about to land in front of funds.
Happy reading,
Sarah Thompson, Anthony Macdonald and Tim Boyd

Street Talk Editors

Tomorrow's headlines

Street Talk

CPE Capital shops premium crackers to trade, PE funds

Premium crackers and smoked salmon business Gourmet Food Holdings is joining the pre-Christmas deals rush, with private equity owner CPE Capital keen to test buyer appetite.

Street Talk