Street Talk
Tegel fronts trade buyers; UXC close to deal with Computer Sciences Corporation
Edited by Sarah Thompson and Anthony Macdonald
Updated
Tegel Foods management has met with potential trade buyers believed to include Thailand's Charoen Pokphand Group and global meat processing giant JBS, as owner Affinity Equity Partners nears a decision about whether to seek a trade sale or initial public offering for the poultry business.
It's understood Tegel management gave a high level presentation to interested trade groups at a meeting in Sydney recently, which was described as similar in nature to metings held with listed equities investors.
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out more