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, Cordina Farms, Australian Venue Co and Rex.
Company Assessment
(Last updated Jan 2022)
Praise
Criticism
Information
PAG
Praise
Criticism
Information
Part owned by Blackstone, which has criticisms
This company is part owned and backed by Blackstone, which has an overall Shop Ethical rating of 'F'.
Source: Shop Ethical
(2021)
UN Principles for Responsible Investment signatory
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)
ESG claims
This company has environment, social and governance claims on its website under the headings investment principles, approach and transparency & reporting.
Source: company website
(2022)
Company Details
Type:
Private company
Founded:
2002
Subsidiaries:
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.
Patties Food Group 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.
Vesco Foods Pty Ltd
Frozen food manufacturing
Founded in 1974. In 2022 Hong Kong private equity firm PAG acquired both Vesco Foods and Patties Foods and merged them together.
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.
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.
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
Products / Brands
Cordina Farms
Cordina Farms
Poultry
Annabel Karmel
Baby Food
Annabel Karmel
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
On The Menu
Frozen Meals/Pizza
Patties
Pies & Pasties
Patties
Finger Food
Ruffie Rustic Foods
Vegetarian & Vegan
Ruffie Rustic Foods
Frozen Meals/Pizza
Snowy River
Pies & Pasties
Super Nature
Frozen Meals/Pizza
Wedgewood
Pies & Pasties
Lean Cuisine
Frozen Meals/Pizza
Hawthorn
Beer
Lexmark
Printers