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.


Owned HKG
Rating D
About the Ratings

Company Assessment

This company is part owned and backed by Blackstone, which has an overall Shop Ethical rating of 'F'.
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.
This company has environment, social and governance claims on its website under the headings investment principles, approach and transparency & reporting.

Company Details

Private company
Vesco Foods Pty Ltd
Frozen food manufacturing
Founded in 1974. Acquired by Hong Kong private equity firm PAG in 2022.
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.
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.
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)
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.

Contact Details

Hong Kong (China)

Products / Brands

Vesco Foods
Annabel Karmel Baby Food
Annabel Karmel Frozen Meals/Pizza
On The Menu Frozen Meals/Pizza
Super Nature Frozen Meals/Pizza
Vesco Foods / Nestle Australia (brand owner)
Lean Cuisine 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 Vegetarian & Vegan
Ruffie Rustic Foods Frozen Meals/Pizza
Snowy River Pies & Pasties
Wedgewood Pies & Pasties
Cordina Farms
Cordina Farms Poultry
Hawthorn Brewing Co (80% owned)
Hawthorn Beer
Lexmark Australia (43% owned)
Lexmark Printers