Good evening,
 
 

Good evening,

It’s back to the future at Quadrant Private Equity.

Australia’s busiest buyout firm is jumping back into the pet food business, this time via premium packaged pet food company Prime100.

Quadrant has agreed a deal to take a controlling stake via its growth fund, in a transaction that values Prime100 at as much as $200 million.

Prime100’s expected to use the proceeds to ramp up growth, including exporting its kangaroo and pumpkin rolls and other pet foods offshore.

Elsewhere, we’ve caught Seven Group buying shares at Beach Energy, and we have a new bidding consortium in the race for Westpac’s auto loans-dealer finance portfolio.

Happy reading,
Sarah Thompson, Anthony Macdonald and Tim Boyd
Street Talk Editors

 
The Australian Financial Review
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