Case Studies

Acquisition of majority interest in beef producing company

Piper Alderman advised Archstone Investment Co. on the $100m+ acquisition of a majority interest in Bindaree Beef Group.

Team: Simon Venus

Service: Foreign Investment & Trade | Mergers & Acquisitions
Sector: Agriculture & Food

Archstone Investment is an agri-investment firm operated by the Hui family. The company wanted to acquire Bindaree Beef Group for about $120 million, giving it a majority share of about 51%. Bindaree is Australia’s fifth largest beef processor, capable of handling about 300 000 cattle annually. It operates a vertically integrated supply chain business, including feedlots, an export-listed facility, sales and distribution channels, consumer-facing brands, and a retail store.

The partnership with Archstone would enable the group to expand its operations and have a greater domestic and international reach. The goal was to create a more competitive company that caters to local and international markets.

Our team worked closely with the Archstone Investment team for several months. As a result, we conducted due diligence, structured the deal, negotiated transaction documentation, and ultimately close on what was a landmark transaction between the parties. With knowledge in foreign investment regulations and mergers and acquisitions, we were better placed to provide holistic legal advice to our client.

What our client said

David Xie, Deal Team Lead

“The experience with Simon and the team of Piper Alderman has been splendid. The expertise and sense of responsibility the team exhibited are totally impressive.”