HAZELDENE'S Chicken Farms will welcome new and familiar stakeholders after a major announcement on Friday.
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After engaging PwC's Mergers and Acquisitions team to lead the search for investment, Hazeldene's has announced that BGH Capital, a leading Australia and NZ private equity firm, will take a majority stake in the business, with the Hazeldene family also retaining a stake.
"We're proud of our history and excited about the future," Hazeldene's chief executive Mark Heintz said.
"When we embarked on this process, we were determined to achieve five key principles: what was best for the staff, our valued customers, our significant farming operations, our community and a seamless transition of shareholders.
"It's pleasing to announce that we have been able to strongly achieve these outcomes.
"We look forward to finalising the transaction in the coming weeks."
BGH Capital founding partner Simon Harle said the company would bring a deep knowledge of the international poultry and protein space, significant experience in consumer businesses and global reach in terms of investment and capital capability.
"We look forward to working with Mark and the Hazeldene family as we embark on this exciting next phase of growth for the business together," he said.
More to come.
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