KKR

Biscuit makers

Established in 1865 in Newcastle, NSW. Became a wholly-owned subsidiary of US food giant Campbell Soup Company in 1997. 99 percent of their products sold in Australia are manufactured in Australia. In 2019 Campbell Soup Co sold its international business arm to private equity firm KKR, which included Campbell Soups in Australia and Arnotts Biscuits. In 2021 KKR-backed Arnott's acquired Kiwi biscuit maker 180 Degrees, Freedom Foods' cereals and snacks division, and a 75% stake in Australian cereal and snacking manufacturer Diver Foods.

Cereal and snacks manufacturer

Previously Diver Foods. This Arnott's business unit was created in 2021 from KKR's bolt-on acquisitions of Diver Foods and Freedom Foods. One of Australia's largest manufacturers of cereal and snacking products. Diver Foods founder Chris Diver owns a 25% stake.

Soups, stocks, sauces and juices

Campbells have a manufacturing facility in Shepparton, Victoria. In 2019 Campbell Soup Co sold its international business arm to private equity firm KKR, which included Campbell Soups in Australia and Arnotts Biscuits.

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. Coles still operates the liquor stores, but has left the pokies business.

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.

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.

Hair care products manufacturer

In 2020 Coty sold 60% its professional beauty and retail hair businesses, including Wella and Clairol brands, to investment firm KKR in a deal valued at $4.3 billion. Coty sold further 9% and 5% stakes to KKR in 2021.

Plant-based spreads

Largest plant-based consumer product company in the world, operating in 95 countries. Created in 2018 when KKR bought Unilever's spreads business.

Beverages

World's largest independent bottler for retailers and A-brands in Europe and North America. KKR bought a majority stake in 2022. Entered the Australian market in 2022 after buying Tru Blu Beverages.

Drinks manufacturer

In 2011 Japanese drinks giant, Asahi, acquired P&N Beverages and simultaneously divested P&N's soft drink, cordial and energy drink business to Tru Blu Beverages - a newly created company owned and run by P&N's Managing Director and former Coca-Cola Company executive, Peter Brooks. Asahi kept P&N's bottled water and fruit juice business. Acquired by KKR-controlled Refresco in 2022.