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Pitcher Partners advises PFD Food Services on $552m Woolworths deal
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Pitcher Partners advises PFD Food Services on $552m Woolworths deal

Pitcher Partners has acted for PFD Food Services in connection with ASX-listed Woolworths Group’s $552m acquisition of a 65% equity stake and related distribution centres.

In Woolworths Group’s official ASX announcement, PFD Food Services’ CEO Kerry Smith said:

“We are pleased to deepen our existing strategic partnership with Woolworths Group for the longer-term via their investment in our business…. In Woolworths Group, we are confident we have found a partner with shared experience and expertise, but also whose operations and vision for the future complement our own.”

The Pitcher Partners team was led by Stephen Whitchurch, Greg Nielsen, Craig Whatman and Stuart Dall.

Stephen said: “We are delighted to have assisted PFD and Rick Smith and his family through this process, which will deliver great value for the Company and its new and existing shareholders alike. PFD has an enviable history in its provision of food services to Australians, which is in no small part due to the exceptional stewardship of Rick and family over many years, together with a fantastic workforce of people.  The outstanding PFD executive team, including CEO Kerry Smith and CFO Peter Cartsidimas, are to be congratulated for their tireless efforts and dedication to making this deal happen.”

This content is general commentary only and does not constitute advice. Before making any decision or taking any action in relation to the content, you should consult your professional advisor. To the maximum extent permitted by law, neither Pitcher Partners or its affiliated entities, nor any of our employees will be liable for any loss, damage, liability or claim whatsoever suffered or incurred arising directly or indirectly out of the use or reliance on the material contained in this content. Pitcher Partners is an association of independent firms. Pitcher Partners is a member of the global network of Baker Tilly International Limited, the members of which are separate and independent legal entities. Liability limited by a scheme approved under professional standards legislation.

Our experts

Stephen Whitchurch

Stephen Whitchurch

Partner Melbourne
Stuart Dall

Stuart Dall

Partner Melbourne
Greg Nielsen

Greg Nielsen

Partner Melbourne
Craig Whatman

Craig Whatman

Partner Melbourne
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