Hogan Lovells advises on US$1bn acquisition financing for Australian organic-dairy giant

The lead partner says purchase is one of the most significant of an Australian listed company in 2019

Hogan Lovells advises on US$1bn acquisition financing for Australian organic-dairy giant

Hogan Lovells has confirmed its role in the acquisition of Bellamy’s Organic in 2019.

The global law firm advised an international syndicate of banks on the US$1bn debt financing for the acquisition of the organic-dairy giant.

Bellamy’s was acquired by China Mengniu Dairy last year for $1.5bn in a deal that Norton Rose Fulbright and Allens advised on.

Bellamy’s is Australia’s larger producers of infant milk formula. Hogan Lovells said that the company, which has more than 30 products produced in Australia and certified organic, is one of the biggest infant nutrition brands not only in the Australian market but also in the Chinese market.

The Hogan Lovells team was headed by partner Richard Hayes, who leads the banking practice of the international firm in Australia. He said that the acquisition of Bellamy’s, which was founded in 2004 and is the first company to offer an organic infant milk formula range, was one of the largest and most significant acquisitions of an Australian listed company in 2019.

China Mengniu has been active in the Australian market as of late. After it announced its acquisition of Bellamy’s, it also announced that it was buying Lion Dairy and Drinks for $600m. The Chinese-listed company was advised by MinterEllison in that deal.

Related stories

Free newsletter

Subscribe to our FREE newsletter service and we’ll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Please enter your email address below and click on Sign Up for daily newsletters from Australasian Lawyer.

Recent articles & video

Trilby Misso Lawyers announces brand relaunch

Over 50% of UK chambers don’t expect to last six to 12 months, Bar Council study finds

Clayton Utz rings in new financial year with new deputy chief executive partners

Baker McKenzie appoints seven to practice and industry leaders in APAC

$65m equity raising for ASX-listed tech company sees completion with K&L Gates’s help

DWF shuts doors in Brussels and Singapore

Most Read Articles

JWS appoints new managing partner

New managing partner celebrates first day on the job at Carroll & O'Dea Lawyers

Service to others is ‘a way of life’ for Maurice Blackburn principal

McCullough Robertson attracts seasoned partner to insolvency and restructuring practice