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Hot Topic Hawke’s Bay
Australia
2 mins to read
5

Sara Lee in administration after NZ private equity investment

The company will continue to trade as the search for a buyer begins.

SIO acquired the iconic brand in 2021 from Canadian company McCain.

Lachlan Colquhoun Thu, 19 Oct 2023

The investment by Canterbury-based private equity firm, South Island Office, in iconic Australian dessert brand Sara Lee has failed, with the company going into voluntary administration late on Wednesday.

South Island Office (SIO) acquired Sara Lee from Canada-based multi-national food company

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Lachlan Colquhoun Thu, 19 Oct 2023
Contact the Writer: lachlan@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tags
private equity Sara Lee food industry
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