Perich kicks off dairy wars – The Australian [23.06.2015]
Freedom Foods, majority-owned by the billionaire Perich family, has moved to increase its foothold in the Australian dairy industry. Freedom has made an indicative, non-binding and conditional bid with a view to undertaking due diligence on listed milk company, a2 Milk. It is expected that Chinese company New Hope Dairy will be involved in the deal. This is considered unsurprising due to New Hope’s recent partnership with the Perich family’s Leppington Pastoral Company, Freedom and Moxey Farms, who currently supplies milk to a2, in a consortium called Australian Fresh Milk Holdings. Several other international players are also reportedly interested in partnering with Freedom.
Pockets full of dollars: M&A rise for Japan – AFR [16.06.2015]
With the value of deals topping $US50bn to date, corporate Japan has become a major player in global mergers and acquisitions. The CEO of ANZ Bank’s Japanese operations predicts that this involvement will grow as Japan’s financial service providers seek further opportunities for growth in Australia. This interest is not reciprocated however, with few Australian companies seeking acquisition opportunities in Japan.
Canada’s Brookfield eyes Asciano’s Patrick division – AFR [16.06.2015]
Several global players have expressed interest in taking a minority stake in Asciano’s Patrick container ports division. Asciano, who handles nearly half of container imports coming into Australia, is looking to extend its ports operation globally. They were also in talks with Chinese state-owned, China Merchant, however there is still no sign of a confirmed deal. Other interested parties include Canada’s largest alternative asset manager, Brookfield Asset Management, ICTSI, Hutchinson Ports Australia and Qube Holdings.
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Noelene Treloar recently attended the International Trade Marks Association conference held from 2–6 May in San Diego. Close to 10,000 IP professionals and services providers registered for the conference, and Noelene was actively involved in trying to meet them all!
In particular, Noelene met with many of our established international IP associates, as well as taking the opportunity to make contact with new associates.
From the conference, key developments in the area of international IP practice discussed included:
Mills Oakley looks forward to working with its local and international clients to further enhance relationships and maximise the protection of valuable IP rights.
For more information, please contact: