Freedom Foods to stay in familyâs hands after rescue A NSW family will remain in tight control of Freedom Foods Group after a $265-million capital raising.
Business by Peter Hemphill
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Subscriber only NSW s Perich family will remain in effective control of Freedom Foods Group, after raising $265 million of capital to rescue the dairy and plant-based foods manufacturer from financial ruin. The family s Arrovest Pty Ltd has taken $126.1 million of the subordinated convertible notes, a decrease on its original commitment of $135 million. The $8.9 million difference was taken up in overscriptions by local and overseas investors, which eventually took $138.9 million of the convertible notes.
Freedom Foods to stay in family's hands after rescue themorningbulletin.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themorningbulletin.com.au Daily Mail and Mail on Sunday newspapers.
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Freedom Foods financial strife linked to 'accounting matters' weeklytimesnow.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from weeklytimesnow.com.au Daily Mail and Mail on Sunday newspapers.