Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised Danone on its proposed acquisition of Made Group as well as the acquisition of the remaining 49% stake in its existing fresh dairy joint venture with Saputo Dairy Australia as part of a separate, complementary transaction.
Danone is a leading global food and beverage company listed on the Euronext Paris and operates in three health-focused, fast-growing and on-trend categories: essential dairy & plant-based products, waters and specialised nutrition. Made Group is an Australian-founded food and beverage company with a health-focused portfolio spanning high-protein ready-to-drink products, gut-health yoghurts and coconut-based products and has operations across APAC. The transactions are subject to customary closing conditions, including regulatory approvals, and are expected to be completed in the second half of 2026.
The Corrs team was led by Head of Corporate Sandy Mak, supported by corporate partner Shabarika Ajitkumar, and partners Cameron Blackwood, Costa Koutsis, Jack de Flamingh, Eugenia Kolivos, Jürgen Bebber, Mark McCowan, John Mosley, Stephen Price, Warren Scott, Nastasja Suhadolnik, Katrina Sleiman, Steven Rice and Rosie Syme, as well as a multidisciplinary team across the firm’s corporate, competition, tax, banking and finance, intellectual property, real estate, environment and planning, employment, labour and safety, financial services, regulatory and dispute resolution practices. Corrs worked closely with Danone’s legal team, and its global legal advisers, Latham & Watkins, led by partner Sidharth Bhasin, to advise on all Australian aspects of the transactions.
Commenting on the matter, Sandy Mak said: “We are pleased to have advised Danone on these significant acquisitions, which create additional growth opportunities for it in the health and nutrition space across the Asia-Pacific region.
“These transactions reinforce Corrs’ strength in advising on complex, cross-border M&A transactions for global clients.”