Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Sale of Mainland Poultry to Navis Capital

Sale of Mainland Poultry to Navis Capital - MinterEllisonRuddWatts advises

Shareholders of New Zealand's biggest egg producer Mainland Poultry, have reached an agreement to sell to Private Equity firm Navis Capital.

MinterEllisonRuddWatts was lead advisor to Mainland Poultry along with ANZ Corporate Finance from Australia.

While the deal remains subject to Overseas Investment Office (OIO) approval, it is a significant transaction for the countries agricultural and FMCG industry.

Under the agreement founding shareholders of Mainland Poultry will keep a significant shareholding in the business and senior managers will be retained. Partners Cathy Quinn ONZM and Silvana Schenone led the firm’s corporate deal team, and are delighted to have played an instrumental part in brokering such a significant deal.

"Our market leading corporate practice demonstrated its responsiveness to client needs by working around the clock to get the deal done, while keeping our client’s interests front of mind. It was great to get the deal signed in our Boardroom in the early hours of Saturday morning," said Cathy Quinn ONZM.

Silvana Schenone said: "The way the deal was run was complex due to multiple bidders and we had to apply some creative thinking to ensure the best outcome for Mainland Poultry. The interest in Mainland Poultry and the agreement reached highlights the international appeal of New Zealand’s thriving and highly regarded agriculture sector."


© Scoop Media

Business Headlines | Sci-Tech Headlines


Up 0.5% In June Quarter: Services Lead GDP Growth

“Service industries, which represent about two-thirds of the economy, were the main contributor to GDP growth in the quarter, rising 0.7 percent off the back of a subdued result in the March 2019 quarter.” More>>


Pickers: Letter To Immigration Minister From Early Harvesting Growers

A group of horticultural growers are frustrated by many months of inaction by the Minister who has failed to announce additional immigrant workers from overseas will be allowed into New Zealand to assist with harvesting early stage crops such as asparagus and strawberries. More>>


Non-Giant Fossil Disoveries: Scientists Discover One Of World’s Oldest Bird Species

At 62 million-years-old, the newly-discovered Protodontopteryx ruthae, is one of the oldest named bird species in the world. It lived in New Zealand soon after the dinosaurs died out. More>>

Rural Employers Keen, Migrants Iffy: Employment Visa Changes Announced

“We are committed to ensuring that businesses are able to get the workers they need to fill critical skills shortages, while encouraging employers and regions to work together on long term workforce planning including supporting New Zealanders with the training they need to fill the gaps,” says Iain Lees-Galloway. More>>


Marsden Pipeline Rupture: Report Calls For Supply Improvements, Backs Digger Blame

The report makes several recommendations on how the sector can better prevent, prepare for, respond to, and recover from an incident. In particular, we consider it essential that government and industry work together to put in place and regularly practise sector-wide response plans, to improve the response to any future incident… More>>