Affinity to exit Australia's Primo as JBS agrees $1.25b acquisition
Affinity Equity Partners will exit Australian deli meats producer Primo Group after Brazilian food processing giant JBS agreed to buy the business for A$1.45 billion ($1.25 billion).
The private equity firm bought a 70% stake in Primo three years ago from the founding Lederer family, which held on to the remaining 30%. Affinity's acquisition valued the business at A$740 million (then...
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