Mighty Good Pty Ltd acquires popular healthy snack brand Wallaby Foods

Kain Lawyers is pleased to have advised Mighty Good Pty Ltd on its acquisition of Wallaby Foods, the popular healthy snack brand distributed by Coles and Woolworths.

Mighty Good has been established by Didi Lo, James Wain, Stephanie Booth and Spring Street Equity Partners. The Wallaby Foods business, with products made from natural, vegan ingredients that are gluten and peanut-free, has plans to expand globally. The Kain Lawyers deal team was Sarah Chia, James Burchnall and Jeremy Harford.

Read the full story in The Australian Financial Review.

Roc Partners acquires Freshmax

Kain Lawyers is pleased to have advised Roc Partners on its acquisition of Freshmax, an Australian fresh produce group. The company was owned by a mix of shareholders including Maui Capital and both current and former employees. The Freshmax Group has a strong IP portfolio, made up of a combination of owned and licensed brands including Tangold mandarins, Mountain Blue blueberries, and Lani cherries.

The Kain Lawyers deal team advising Roc Partners was led by David Mitchell and assisted by Jack Dittmar and Emily Stollznow.

Murray McCallum, CEO, Freshmax Group said “This milestone marks the beginning of an exciting new chapter for Freshmax. Roc Partners’ deep expertise and proven track record in food and agriculture make them an ideal partner for the next phase of our journey. Together, we will explore new growth opportunities, whilst continuing to deliver exceptional value to our supplier and customer partners worldwide.”

Todd Winkley, Vice President – Food and Agriculture, Roc Partners. “Freshmax represents a compelling opportunity for us to invest in a growing company with a vastly experienced management team. We intend to use this strong foundation as a platform for further expansion. We are committed to leveraging our resources and expertise to support Freshmax in achieving its ambitions, nurturing continued innovation, and strengthening its position in the global fresh produce market.”

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GrainCorp invests in innovative AgTech

Kain Lawyers is proud to have advised GrainCorp (ASX:GNC) on its investment in BioScout, an innovative Australian AgTech startup that is helping growers detect airborne crop diseases on-farm in real time.

BioScout’s technology provides growers with live insights by analysing air samples for fungal pathogens and pollen, enabling proactive and precise disease management. By leveraging AI and machine learning, BioScout is driving sustainable and efficient crop production, setting a new standard for agricultural innovation nationwide.

The Kain Lawyers team advising GrainCorp was led by James Burchnall, with assistance from team member Travis Cordingley.

Congratulations to GrainCorp on completing this successful transaction!

Read more about the partnership here.

Kain Lawyers advises IT service provider Efex on Medihost Solutions acquisition

Kain Lawyers is pleased to have advised Australia’s leading managed service provider, Efex, on its acquisition of Medihost Solutions. Efex provides a comprehensive range of managed IT services to mid-market businesses across Australia.

Medihost Solutions delivers medical IT support and solutions for healthcare practices in Australia and New Zealand.

The Kain Lawyers team advising Efex was led by Jacob Thomas, with assistance from team members Jack Dittmar, Arin Harman, and Jeremy Harford.

Mr Thomas commented: “This is the third acquisition Efex has completed with our assistance this year. Congratulations to Efex Founder and CEO, Nick Sheehan, and all parties involved on this important milestone – we’re proud to continue the ongoing growth of the technology sector in Australia.”

The acquisition is a part of Efex’s broader growth strategy which has seen the company complete 12 acquisitions over the past decade. It further strengthens the company’s position as one of Australia’s largest mid-market providers of managed IT services, with a workforce of over 300 people in 22 locations and a client base exceeding 7,000.

Read the story in the Australian Financial Review.

Kain Lawyers advises January Capital on strategic investment from Scarcity Partners

Kain Lawyers is pleased to have advised Jan Cap Pte Ltd in connection with the recent investment by Scarcity Partners which has acquired 20 per cent in the January Capital business.

January Capital, based in Singapore, manages a $500 million portfolio including over 60 companies across two fund vintages, collectively valued at more than $12.5 billion. Specialising in early-stage technology investments across the Asia-Pacific region, the firm was founded in 2019.

Founded and led by industry veterans, Scarcity Partners has a proven history of accelerating growth in the investment management sector. Their expertise comes from years of experience at some of Australia’s fastest-growing asset management firms, giving them extensive insights into the industry.

The Kain Lawyers team advising January Capital was led by David Mitchell, with assistance from team member Lachlan Smith.

Mr Mitchell congratulated January Capital and Scarcity Partners on the important transaction.

“We’re proud to support our clients in leveraging strategic opportunities like this that foster long-term growth and create value in the evolving venture capital and funds management sectors.”

Read the full story in The Australian Financial Review.

Kain Lawyers advises First Pick Marketing on sale of interests in WA operations of Fresh Produce Group

Kain Lawyers is pleased to have acted for First Pick Marketing Pty Ltd on the sale of its interest in the Western Australian operations of Fresh Produce Group.

This significant transaction was undertaken in connection with Macquarie Asset Management’s recently announced investment into Fresh Produce Group.

The Kain Lawyers team advising First Pick Marketing was led by Nick Brown with support from Taylor Moore.

Mr Brown congratulated First Pick Marketing on their pivotal role in establishing and developing the WA table grapes and asparagus business within Fresh Produce Group, now a standout in the industry.

“We extend our best wishes to Macquarie Asset Management and the continuing Fresh Produce Group shareholders as they take the West Australian business forward,” Mr Brown said.

Kain Lawyers’ expertise in agriculture transactions is well-established, with a proven track record of delivering exceptional results.

In addition to Nick Brown, the firm’s team includes industry leaders Michael Garry and David Mitchell, who consistently demonstrate their deep understanding of the sector and commitment to excellence.

Read full story in the Australian Financial Review.

Kain Lawyers advises Arbor Permanent Owners on inaugural acquisition

Kain Lawyers is pleased to have advised Arbor Permanent Owners on its equity and debt capital raising and the successful deployment of that capital in acquiring 100% of Allmesh Engineering Pty Ltd (t/as East West Engineering).

Arbor Permanent Owners, co-founded in April 2024, brings together entrepreneurs, CEOs, and investors with a shared vision of creating value across industries and geographies. Its distinctive business model starts by identifying a cornerstone business as the foundation for growth and leveraging its cash flow and carefully managed debt to finance further investments.

The team’s expertise spans business ownership, investment strategy, and operational excellence, emphasising technical capability, practical execution, and cultivating strong relationships. Arbor is dedicated to fostering the sustainability of Australian businesses while driving long-term success.

Headquartered in Sydney’s Northern Beaches, East West Engineering has a 40-year operating history in manufacturing and distributing materials handling equipment. The leading family-owned business offers a broad range of products, including forklift parts, crane attachments, and safety equipment, with 3,000 active products flowing through its manufacturing facility.

The Kain Lawyers team advising Arbor Permanent Owners was led by David Mitchell, with assistance from team member Pooja Patel.

Kain Lawyers is grateful to the Arbor Permanent Owners team for trusting the firm to assist with this important transaction.

Read the full story in The Australian Financial Review.

Kain Lawyers advises defence technology provider Aurizn on PAC acquisition

Kain Lawyers is pleased to have worked with Pemba Capital Partners and advised defence technology specialist company Aurizn on their acquisition of Pacific Aerospace Consulting (PAC) Australia.

The acquisition marks a significant milestone in establishing Aurizn as a leading defence technology provider in Australia and internationally. The acquisition of PAC Australia follows their recent strategic acquisition of McR Defence.

The Kain Lawyers team advising Aurizn on the acquisitions of PAC and McR Defence was led by Gerry Cawson, with assistance from team members Travis Cordingley, Sam Christie, Emily Stollznow and Sophia Laparidis.

Mr Cawson said Australia’s defence sector continues to attract strong interest from private capital providers, creating exciting opportunities for business owners.

“We were delighted to assist Aurizn and its owners in navigating the complexities of these acquisitions, achieving a successful outcome that reflects the sector’s growing appeal and potential,” said Mr Cawson.

Australian-owned and with over 20 years’ experience, Aurizn delivers next-generation technology solutions, specialising in digital test and evaluation, simulation, and artificial intelligence to enhance decision-making, advanced sensing technologies and cyber operations.

PAC Australia has been a leading provider of operational solutions in the defence and aerospace sector for two decades, assisting the transfer of capability between the US and Australia. Together, the companies provide a significant uplift in sovereign Australian capability, while leveraging the coalition knowledge needed in the current threat environment.

Group CEO Brett Sangster said, “We’re excited to partner with Pemba Capital Partners to pursue an ambitious vision for growth that includes supporting major initiatives such as taking critical technologies into AUKUS and allied nations.”

Kain Lawyers advises ZEN Energy on its $43 million investment from HD Renewable Energy

Kain Lawyers is pleased to have advised ZEN Energy on its $43 million investment from HD Renewable Energy, a $1.1 billion Taipei-listed renewable energy developer. The fundraising deal values the Adelaide-based renewables and storage company at $443 million and will enable ZEN Energy to advance its two major projects.

These projects include the completion of its Templers battery north of Adelaide and the Solar River hybrid solar-plus-battery project near Robertstown, South Australia, which is targeting a final investment decision in the first half of 2025.

The Kain Lawyers team advising ZEN Energy was led by Brian Vuong, with support from team members Stefan Harris and Rocco Ierace successfully completing the cross-border investment transaction.

Mr Vuong said he is proud of the team’s continued excellence in delivering customised solutions to unique transactions.

“Our team was delighted to assist the owners of ZEN Energy with their investment from HD Renewable Energy achieving an exciting outcome for all involved,” said Mr Vuong.

ZEN stands for Zero Emissions Now advocating for a 1.5°C world for everyone. ZEN is Australia’s first energy company with a science-based emissions reduction plan aligned with limiting global heating by 1.5°C this decade.

For further information, read the article published in The Australian Financial Review.

Waveconn to acquire American Tower’s Australian property portfolio

Kain Lawyers is pleased to have advised Waveconn on its acquisition of AT Australia Pty Ltd and AT Australia Operations Pty Ltd from American Tower Corporation (NYSE: AMT). This acquisition adds approximately 170 sites to Waveconn’s portfolio across Australia, including land under mobile towers and building rooftops.

The Kain Lawyers deal team advising Waveconn was led by James Burchnall and Brian Vuong, with assistance from several team members including Jason Vernik, Jeremy Collins, Michael Chrisohoou, Rebecca Henderson, Stefan Harris, Ruby Rockman, Amira Enayatzada and Rocco Ierace.

Grant Stevenson, Waveconn CEO said: “We greatly appreciate the professional support from James, Brian, and the entire Kains team. Your commitment and agile approach were instrumental in managing this complex transaction.”

The transaction is subject to customary conditions precedent including Foreign Investment Review Board approval and, subject to the satisfaction of those conditions, is expected to close in the 4th quarter of 2024.

About Waveconn 

Waveconn is a developer, owner, and operator of neutral host digital infrastructure assets across Australia. The company owns and operates approximately 1,400 tower and rooftop sites nationwide, with hundreds more actively under development. Waveconn is fully independent, with no direct or indirect ownership or funding from mobile network operators (“MNOs”). Waveconn specialises in building, owning, and managing digital infrastructure for a diverse range of clients, including the three national MNOs, government radio networks, and wireless internet service providers.

About American Tower

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multi-tenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.