Quadrant to Sell Australian Confectioner Darrell Lea, AFR Says
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Quadrant Private Equity is preparing a sale of Australian chocolate and liquorice maker Darrell Lea in the second half of this year, the Australian Financial Review reported Sunday, citing unidentified sources.
The AFR said UBS Group AG and law firm Gilbert + Tobin are expected to oversee the transaction, which given comparable international deals, could fetch a price-tag close to A$1 billion ($670 million).