Thomson Geer advised The Original Juice Co. Ltd in its acquisition of fruit and veg processor SPC Global and the powdered milk business of infant formula producer Nature One Dairy in a scrip and cash deal. The deal valued SPC Global at A$212 million and Nature One at A$50 million.
The transaction included: OJC's acquisition of 100% of the issue capital of SPC Global Ltd, in consideration for the issue of OJC shares; OJC acquiring the Nature One Dairy business, in consideration for the issue of OJC shares and a cash payment; and re-admission of OJC (now SPG, following change of name and ticker code) to the Official List of ASX – this is scheduled for 17 December 2024.
Thomson Geer advised on all ASX related matters (including re-admission). The transaction involved a 3 way merger and back door listing, requiring significant ASX engagement and advice in connection with the transactions and re-admission.
The Thomson Geer team was led by Partner David Schiavello, supported by Associate Rhiannon McCorriston.