Metcash in $300 million cash call to fund Superior Food, bolt-ons
The proceeds will fund the purchase of Quadrant Private Equity’s Superior Food Group, as well as a couple of bolt-on acquisitions.
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The proceeds will fund the purchase of Quadrant Private Equity’s Superior Food Group, as well as a couple of bolt-on acquisitions.
Metcash flags in its December half-year results that it has a “significant pipeline of strategic growth opportunities” and “M&A”.
In a note sent to investors on Tuesday, the firm said Alex Eady and Gareth Woodbridge would be appointed co-heads of Quadrant’s buyout business.
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Quadrant will manage the new fund on behalf of institutional heavyweights Future Fund and ROC – and a clutch of the country’s richest people.