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 Cheescake Shop, Cordina Farms and Rex.
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)
|Subsidiaries||Vesco Foods Pty Ltd
Frozen food manufacturing
Founded in 1974. Acquired by Hong Kong private equity firm PAG in 2022.
Formerly Quick Service Restaurant Holdings, the company changed its name to Craveable Brands in 2017. Owner of 3 chicken fast food chains: Red Rooster, Chicken Treat (WA only) and Oporto. 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
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
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)
Established in 1990. Operates a manufacturing facility in South Australia. Patties Foods acquired 50% of the company in 2017.
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)
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
Provides printers & multi-function devices and ink/toner and supplies.
|Address||Hong Kong (China)|
Products / BrandsVesco 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
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
Cordina Farms Poultry