Affinity approaches bankers over possible sale of Tegel Foods

Wed, 29 Jul 2015

By Suze Metherell July 29 (BusinessDesk) - Affinity Equity Partners, the pan-Asian private equity firm, has approached a number of investment banks as it looks to sell New Zealand's largest poultry business, Tegel Foods. Investment bankers have confirmed to BusinessDesk that Affinity is considering a trade sale or initial public offering of the Auckland-based poultry business. The Australian Financial Review yesterday reported the sale could fetch about A$900 million. Affinity bought Tegel from Pacific Equity Partners in 2011 for a rep...

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