ProTen, one of Australia’s largest chicken producers, is set to change hands after a hotly contested auction, delivering a major victory to its superannuation fund owner.
Street Talk understands private equity juggernaut KKR, in a deal led by managing director Andrew Jennings, ruled the roost with a bid around $1.3 billion for Aware Super’s ProTen, outpacing rivals specialist agriculture investors Roc Partners and Toronto-headquartered Northleaf Capital Partners by a decent margin.
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