DC Advisory advises Dawn Meats on its acquisition of Alliance Group

Background

• Dawn Meats Group is one of Europe’s leading red meat processors, specializing in beef and lamb. With a diverse product portfolio and a core turnover exceeding €3 billion, Dawn supplies customers in over 50 countries, with a strong presence in Ireland, the UK and Continental Europe
• Alliance Group is a New Zealand-based, farmer-owned co-operative, and a leading exporter of sheep meat. With annual revenues of c. NZ$2 billion, Alliance serves customers in more than 65 countries, offering a broad range of products including lamb, beef, venison, and co-products

Process

• Dawn engaged DC Advisory as exclusive financial advisor to provide buy-side M&A support and strategic advice on its acquisition of Alliance
• DC Advisory was selected due to its deep sector knowledge and strategic insights in the meat processing sector and its longstanding relationship with Dawn
• The process was highly competitive and fast-moving, requiring quick internal alignment, focused diligence, and real-time decision-making to maintain momentum. DC Advisory coordinated across international teams to ensure a streamlined process and efficient execution under tight timelines

Outcome

• After a competitive process, Dawn entered into a definitive agreement to acquire a 65% shareholding in Alliance with an investment of $250 million
• The closing of the transaction is subject to customary closing conditions including shareholder and regulatory approval
• The transaction was signed in early August 2025 and will see Dawn and Alliance forming a partnership that combined will be a worldwide red meat business
• Alliance found a strategic partner in Dawn with expertise, capital and cultural alignment to support long-term growth internationally
• A key part of Dawn’s strategic growth plan is the expansion of its international footprint. The investment in Alliance represents a significant step toward achieving this goal and aims to enhance Dawn’s global reach and strengthen its position in key international markets 
• This transaction marks another landmark investment for Dawn, and showcases DC Advisory’s expertise in the Consumer, Leisure & Retail sector and track record advising on complex cross-border transactions