CONFECTIONERS – AUSTRALIA

Chocolate maker Darrell Lea sold for a lip-smacking $200m

roymorgansocial Leave a comment

Original article by Nick Toscano, Sarah Danckert
The Age – Page: 5 : 16-Jan-18

Tony and Christina Quinn have sold the Darrell Lea confectionery business to Quadrant Private Equity in a deal worth $A200m. The couple, who acquired Darrell Lea from administrators in 2012, previously sold VIP Pet Foods to the private equity firm in 2015. Quadrant has flagged plans to expand the Darrell Lea brand in Australia and offshore. Darrell Lea booked an after-tax profit of $A8.75m in 2016-17, with revenue of $A81.2m.

CORPORATES
DARRELL LEA CONFECTIONERY COMPANY PTY LTD, QUADRANT PRIVATE EQUITY PTY LTD, VIP PET FOODS

Darrell Lea’s sugar rush

roymorgansocial Leave a comment

Original article by Su-Lin Tan
The Australian Financial Review – Page: 21 : 24-Sep-14

VIP Petfoods GM Rex Devantier says the Darrell Lea confectionery business is now cash-flow positive and trading on a double-digit multiple. VIP Petfoods bought the company from administrators in 2012, and it has since slashed Darrell Lea’s staff numbers and secured deals to distribute its products via supermarket chains. Devantier notes that Darrell Lea has also launched a range of new products

CORPORATES
DARRELL LEA CHOCOLATE SHOPS PTY LTD, VIP PET FOODS