Background
- Dawn Meats is a supplier of choice to a range of leading supermarkets, food service and restaurant businesses, exporting to over 50 countries
- Established in Waterford, Ireland in 1980, Dawn Meats has grown into a business with over €2bn in annual revenue, employing 7,200 staff in eight countries
- Dawn Meats works with some of the world’s leading food companies that are committed to sustainability and quality
- Eliva is a French beef and veal processor, and France's second largest supplier of beef
- Terrena is a cooperative of farmers based in the Northwest of France and is a leader in the agricultural and agrifood industry
Process
- DC Advisory was engaged by Dawn Meats to act as exclusive financial advisor on the potential sale of its equity holding in Elivia
- DC Advisory leveraged its knowledge of the consumer sector to work with Dawn Meats and engage with its fellow equity partner Terrena
Outcome
- Dawn Meats decided to sell its shareholding in Elivia to Terrena, its partner shareholder
- Significant investments have been made at Elivia and the collaboration of the two companies has resulted in improved performances
- Following ongoing discussions and a review of long-term business strategy, Dawn Meats and Terrena decided on alternative arrangements for the ownership of the company
- This transaction further showcases DC Advisory’s deep expertise in the consumer sector
