Processing timeline
22
days
Acquirer(s)
PRECISION POULTRY PTY LTD ABN - 63 695 837 579
Target(s) or Vendor(s)
VOAG 6 PTY LTD ABN - 75 606 446 735, VOAG PTY LTD ABN - 84 606 381 597, VOAG 2 PTY LTD ABN - 33 606 445 747, VOAG 1 PTY LTD ABN - 12 606 445 658, VOAG 4 Pty Ltd ACN - 606 447 572, VOAG 5 Pty Ltd ACN - 606 446 039, VOAG 3 PTY LTD ABN - 48 606 445 809
Other parties
PRECISION POULTRY HOLDCO PTY LTD ABN - 42 695 837 426
Precision Poultry Pty Ltd, an investment vehicle by Roc Partners, has received approval to acquire the broiler chicken farming operations of VOAG Pty Ltd and its related entities. This transaction involves coordinated asset and land acquisitions, consolidating broiler chicken growing services. Precision Poultry operates in Victoria, while VOAG's operations are in New South Wales.
Precision Poultry Pty Ltd ( Precision Poultry ) proposes to acquire the broiler chicken farming operations of VOAG Pty Ltd and its related entities ( VOAG ) through coordinated asset and land acquisitions (the Acquisition ). Pursuant to the Acquisition, Precision Poultry will acquire: broiler chicken farming business assets from VOAG Pty Ltd, and the freehold land on which the farming assets are operated from subsidiaries of VOAG 6 Pty Ltd, the head landholder entity of the vendor, being VOAG 1 Pty Ltd, VOAG 2 Pty Ltd, VOAG 3 Pty Ltd, VOAG 4 Pty Ltd and VOAG 5 Pty Ltd. Precision Poultry has been established as an investment vehicle by private equity firm Roc Partners to provide agribusiness investment returns to Roc Partners-controlled or managed entities. Precision Poultry and VOAG both supply broiler chicken growing services. Precision Poultry’s farming operations are located in Victoria. VOAG’s farming operations are located in New South Wales. Both parties supply broiler chicken growing services to separate poultry meat processors in their respective regions. Neither the acquirer or the target entities (or their connected entities) engage in chicken breeding, hatchery operations, feed milling, poultry meat processing, or egg product production.