Affinity in Exclusive Talks for Primo Smallgoods

Private equity firm Affinity Equity Partners is in exclusive talks to buy Australian meat producer Primo Smallgoods, Reuters reported. The deal could value the company at as much as $1 billion. Affinity submitted a final bid for the firm in July, backed by financing of about A$580 million from 11 banks. Blackstone Group had previously expressed interest in a stake but did not enter a final bid, Reuters wrote.

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