Dawn Meats' $250m offer for 65% of Alliance Group 93% above independent valuation

Alliance Group's chair Mark Wynne. (Image: Supplied)

Thu, 18 Sep 2025

Dawn Meats’ proposed investment in Alliance Group is at a 93% premium to the deal’s independent advisers’ own midpoint equity valuation.If approved by farmers next month, the Irish meat processor will take a 65% stake in Alliance for $250 million, of which the majority will be used to reduce its short-term working capital debt facilities.The deal, which came after a failed internal capital raise, was announced just over a month ago with the scheme booklet and independent advisers’ report, prepared by Northington Partners...

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