HONG KONG: Affinity Equity Partners is among the private equity funds planning to bid for Australian meat products producer Primo Smallgoods, an asset which could be worth up to Australian $900 million (U.S $910 million), two sources with direct knowledge of the matter told Reuters on Friday.
Australian buyout groups Archer Capital, CHAMP Private Equity and Pacific Equity Partners (PEP) were also looking to bid for the asset, one of the sources said.
Primo is Australia's largest producer of ham and bacon according to the company website.
Primo, a privately owned family business, had hired Macquarie Capital to run a dual-track IPO and sales auction process and hds sent invitations for indicative bids to ten potential investors, the sources added.
Affinity, Archer and PEP were not available for immediate comment. CHAMP declined to comment. The sources were not authorised to talk to the media. Primo was also not available for an immediate comment.
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