PAG
OVERALL |
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Owned |
HKG |
Rating |
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Investment firm
Founded as Pacific Alliance Group in 2002. Investment partner operating in Asia with US$50 billion of assets under management. Australian investments include Craveable Brands (Red Rooster and Oporto), Patties Foods, Vesco Foods, The Cheesecake Shop, Cordina Farms, Australian Venue Co and Rex.
PAG | HKG | website |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
PAG | ||||
This company is part owned and backed by Blackstone, which has an overall Shop Ethical rating of 'F'.
Source: Shop Ethical (2021) |
This company has environment, social and governance claims on its website under the headings investment principles, approach and transparency & reporting.
Source: company website (2022)
UNPRI is a set of six principles direct institutional investors may adopt to consider environmental, social and corporate governance issues when investing. UNPRI is a voluntary agreement.
Source: UNPRI (2022) |
Company Details
Type | Private company |
Founded | 2002 |
Subsidiaries | Vesco Foods Pty Ltd ![]() Frozen food manufacturing Founded in 1974. Acquired by Hong Kong private equity firm PAG in 2022. Craveable Brands ![]() Holding company Formerly Quick Service Restaurant Holdings, the company changed its name to Craveable Brands in 2017. Owner of 4 chicken fast food chains: Red Rooster, Oporto, Chicken Treat (WA only) and Chargrill Charlie. Acquired by PAG in 2019. Operates more than 570 restaurants across Australia, with about 80% being franchised. - Australian Fast Foods Pty Ltd ![]() Fast food restaurants In May 2002, Perth based Australian Fast Foods acquired Red Rooster from Coles Myer Ltd. AFF also owns 68 Chicken Treat stores in WA. - Oporto Franchising Pty Ltd ![]() Fast food retail Founded in Bondi, Sydney. Oporto now has over 110 stores across Australia and New Zealand, with over 95% of them franchises. Bought by QSR Holdings (owner of Red Rooster and Chicken Treat) in 2007 for $60 million. Patties Foods Pty Ltd ![]() Pastry manufacturing Founded in Lakes Entrance (VIC) in 1966. Products manufactured at their facility in Bairnsdale, VIC. Acquired by Hong Kong private equity firm PAG in 2022. - Chefs Pride Pty Ltd ![]() Food suppliers Chefs Pride is a major supplier to the Australian Foodservice Industry. The company specialises in supplying high quality frozen fruits and frozen fruit purees to international 4 and 5 star hotels, restaurants and other leading establishments.Chef's Pride and Creative Gourmet are sister companies. Both were bought by Patties in May 2007. - Australian Wholefoods Pty Ltd (50% owned) ![]() Ready meals Established in 1990. Operates a manufacturing facility in South Australia. Patties Foods acquired 50% of the company in 2017. The Australian Venue Company (80% owned) ![]() Pub group Created in 2017 when KKR bought an 80 per cent stake in Bruce Dixon's pub group for $190 million. Since then KKR has made a number of bolt-on acquisitions, including Coles' Spirit Hotels business, which controls about 90 pubs, mainly in Queensland. PAG took over ownership from KKR in 2023. Coles still operates the liquor stores, but has left the pokies business. - Hawthorn Brewing Company Pty Ltd ![]() Craft beer makers Founded in 2008 as the backyard idea of 3 mates with a long history of home brewing. Their beers are brewed under contract. Acquired by Dixon Hospitality (renamed Australian Venue Co) in 2017. - Queensland Venue Co (50% owned) ![]() Hotel operators This joint venture began in 2019 when the KKR controlled Australian Venue Company took over Coles' hotels business which operates mainly in Queensland. Under the deal KKR runs the hotels (and poker machines) while Coles runs the liquor stores. Cordina Chicken Farms Pty Ltd ![]() Value added chicken products Distributes to supermarket chains, specialist chicken shops, delicatessens, restaurants, and food outlets in NSW, QLD, VIC, SA. Also exports to Asia Pacific and Middle East. Acquired by Hong Kong private equity firm PAG in 2022. Lexmark International Inc (43% owned) ![]() Printers Formed in 1991 as a spinoff from IBM. Manufacturer of laser printers and imaging products. Acquired in 2016 by a consortium of investors led by Ninestar (formerly Apex Technology) and PAG Asia Capital. - Lexmark International (Aust) Pty Ltd ![]() Printers Provides printers & multi-function devices and ink/toner and supplies. |
Contact Details
Address | Hong Kong (China) |
info@pag.com | |
Website | www.pag.com |
Products / Brands
Vesco Foods
Annabel Karmel Baby Food Annabel Karmel Frozen Meals/Pizza Lean Cuisine Frozen Meals/Pizza On The Menu Frozen Meals/Pizza Super Nature Frozen Meals/Pizza |
Patties Foods
Boscastle Pies & Pasties Fitness Outcomes Ready Meals Four 'n Twenty Pies & Pasties Herbert Adams Pies & Pasties Herbert Adams Finger Food Nannas Pies & Pasties Nannas Frozen Desserts/Fruit |
Patties Pies & Pasties Patties Finger Food Ruffie Rustic Foods Frozen Meals/Pizza Ruffie Rustic Foods Vegetarian & Vegan Snowy River Pies & Pasties Wedgewood Pies & Pasties |
Hawthorn Brewing Co
Hawthorn Beer
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Cordina Farms
Cordina Farms Poultry |
Lexmark Australia
Lexmark Printers
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