Herbert Smith Freehills has advised Goodman Fielder on its acquisition by Wilmar International Limited and First Pacific Company Limited (through a jointly-owned entity) by way of a scheme of arrangement, which values Goodman Fielder on an enterprise value basis at A$1.9 billion.

The scheme of arrangement became effective on 3 March 2015 and was implemented yesterday.

The deal was led by Herbert Smith Freehills partner Tony Damian, and was supported by solicitors Alexandra Eggerking, Philip Cooper and Bianca Marcocci. The team worked closely with Sean Tully, General Counsel of Goodman Fielder.

Tony Damian said: “We are delighted to have continued our long relationship with Goodman Fielder and advise the iconic Australian company on this transaction.

"The transaction illustrates the important role global capital flows are having in M&A."