Bindaree Beef Group sells majority interest

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King & Wood Mallesons (KWM) advised family and employee-owned Bindaree Beef Group, one of Australia's largest meat processors, on its sale of a majority interest to the Hong Kong based Hui family and investment firm, Archstone Investment (Consortium).

The Consortium successfully emerged as the majority joint venture partner for the existing shareholders following a lengthy sale process.

A multilingual and cross practice KWM team advised Bindaree Beef, led by M&A Partner Shannon Finch with Senior Associates Intan Eow and Lauren Beasley and Solicitors Kenny Chen and Hanyi Shen. The matter also drew on the talents of KWM's trade finance team, John Canning, Andrew Rajanayagam, Tejaswi Nimmagadda and Tim Nelmes, KWM's dispute resolution team Moira Saville and Peta Stevenson, and KWM's Beijing and Shanghai offices.

Shannon Finch said the complex matter required the team to balance the interests of the diverse stakeholders, including the family founders, employees and multiple Chinese investors during a competitive process.

"KWM was uniquely positioned to respond to these challenges, with our unrivalled Asia offering and expertise."