• Online Shop
  • Register
  • Login
  • About us
        • About us
        • Why Alliance
        • Our team
        • Meat Eating Experience
        • Publications
  • Sustainability
        • Sustainability
        • The grass-fed difference
  • Brands
        • Brands
        • Pure South
        • Pure South Handpicked
        • Lumina
        • Silere
  • Farmers
        • Proposed Strategic Investment Partnership
        • Farmers
        • Find a rep
        • Login
        • Register
  • Careers
        • Careers
        • Why Alliance
        • Investing in people
        • Plant
        • Support divisions
  • News
  • Contact
  • Online Shop
  • Register
  • Login

Proposed Strategic Investment Partnership

You are here: Home1 / News2 / Proposed Strategic Investment Partnership
  • Proposed Strategic Investment Partnership

  • Register for a Roadshow Event

    Register now

  • Your Company, Your Vote

    The Alliance Board unanimously support the Dawn Meats investment, and the elected Board members/ their related parties will be voting in favour of the Scheme at the Special General Meeting.

    Vote now

PreviousNext
123
Alliance Group Ltd is pleased to announce the unanimous selection of European red meat processor Dawn Meats Group as our preferred strategic investment partner.

As you know, over the last 2 years we have conducted a thorough process to reset and recapitalise Alliance. Attracting capital to our sector in challenging market conditions has not been easy, so it is a testament to both the improvements delivered through our business reset and the robust process led by our independent professional advisors that we stand where we are today, with an opportunity to galvanise our future.

Alliance has been a proud farmer-owned co-operative since 1980. Our business was built by – and we are very grateful to – the many farmers who have given decades of loyal commitment to Alliance.

We have reached a point where our choices have become increasingly difficult, and Alliance must now evolve. Nevertheless, our commitment to farmers remains the same. We believe Dawn Meats’ investment offer stands to create a highly strategic partnership – their strength in Beef and ours in Lamb with year-round supply of sustainably farmed, grass-fed animals – unlocking future value for our farmers. Dawn Meats also has a ‘can-do’, keep-it-simple and common-sense operating culture, which the Board believes aligns naturally with Alliance.

View full media release
View timeline to today
Shareholder login for more info
Shareholder login for more info
Mark Wynne 2023

Mark Wynne
Alliance Chairman

Introducing Dawn Meats Group
DawnMeats Logo15
introducing dawn meats
  • 11 sites in Ireland, 13 in UK including 4 retail packing facilities for retail and foodservice and 2 frozen burger facilities.
  • Key supplier of McDonald’s, significant exposure UK/EU Retailers and Foodservice
  • Offices in Ireland, UK, France, Spain, Italy, The Netherlands, Germany and Poland
  • Close relationships with more than 40,000 farming families who supply direct
Why we want to partner with Alliance

“Dawn Meats has a proud and proven track record of generating growth through carefully planned and managed partnerships and acquisitions.

As our business continues to develop, we have and will always remain true to our farming heritage, thanks to the close relationships we have forged with the more than 40,000 family farms that supply us directly.

Our partnership with Alliance would ultimately create a dual-hemisphere, year-round supplier of leading-quality grass-fed red meat to existing and new customers throughout the world.

Joining forces would allow our companies to share access to our respective networks, building new relationships, and increase collaboration.

It would also allow for the sharing of expertise, operational practices, insights and innovations.

At Dawn Meats, we see the potential opportunity to partner with Alliance as a real privilege and believe our proposed investment offer can deliver immense benefit to both companies, creating a competitive edge that will allow both to continue to prosper and succeed.”

Niall Browne
Chief Executive Officer of Dawn Meats

Niall Browne Chief Executive Officer of Dawn Meats

Niall Browne
Chief Executive Officer of Dawn Meats

The proposed partnership

The proposed transaction would see Dawn Meats Group invest NZ$250 million, valuing Alliance at NZ$502 million on an enterprise basis, to acquire 65% of the shares in Alliance Group, subject to shareholder and regulatory approvals.

Proceeds from the transaction – circa $200 million – would be used to substantially reduce our short-term working capital facility by the end of the calendar year to meet banking requirements, accelerate the Board’s strategic capital expenditure, and enable up to $40 million distribution to the Co-Operative over the next two to three years.

Further information about the terms of these payments will be provided in the Scheme Booklet that will be issued to all shareholders by 15 September.

Subject to the vote outcome, Alliance Investment Co-op would secure a 35% shareholding in Alliance Group Limited — an entity with restored balance sheet strength and positioned for growth.

Your Company, Your Vote

Shareholders will have received an email advising voting is now open. In the email there is a link to important documents that Shareholders are encouraged to read before casting their vote. If you no longer own shares in Alliance, please disregard.

There is also a link to vote online and a personalised pin and password.

Your email will look like this (example only):

Alliance Elections Email

You can also click here to vote (use your pin and password from the email).

image001 e1758152541887

You should read the Scheme Book carefully before deciding whether or not to vote in favour of the Scheme (as part of and in anticipation of implementation of the Dawn Meats investment).

If you are in doubt as to any aspect of the Scheme or the Dawn Meats investment, you should seek advice from your financial, taxation, or legal adviser before voting on the Scheme.

Proposed Partnership Structure
What happens next

The proposed transaction will be implemented via a Scheme of Arrangement and requires:

  • Roadshows start 29 September
  • At least 75% of voting shareholders to vote in favour.
  • More than 50% of total shareholding to vote yes at a Special General Meeting (SGM) on 20 October 2025.

Roadshow and Locations

Register below for one of our upcoming Roadshow events to learn more about the proposed strategic investment.

DateTimeLocationVenue
Monday 29th Sept10:00-12:00TuatapereWaiau Town & Country Club
41 King Street, Tuatapere, 9620
Monday 29th Sept14:00-16:00Mossburn Mossburn Community Centre
9 Holmes Street, Mossburn, 9792
Monday 29th Sept19:00-21:00InvercargillAscot Hotel
41 Racecourse Road, Invercargill
Tuesday 30 Sept10:00-12:00Winton Winton Memorial Hall
2 Meldrum Street Winton, 9720
Tuesday 30 Sept14:30-16:30 TokanuiTokanui Memorial Hall
42 Tokanui-Haldane Road Tokanui, 9884
Tuesday 30 Sept19:00-21:00Gore Croydon Lodge
100 Waimea Street, Croydon, 9776
Wednesday 1 Oct 09:00-11:00 Wyndham Wyndham Memorial Hall
44 Balaclava Street, Wyndham, 9831
Wednesday 1 Oct13:00-15:00HeriotHeriot Community Centre
11 Nith Street, Heriot
Wednesday 1 Oct 18:00-20:00 Balclutha South Otago Town and Country Club
1 Yarmouth Street, Balclutha
Thursday 2 Oct 09:00-11:00 Mosgiel Mosgiel Coronation Hall
97 Gordon Road, Mosgiel, 9024
Thursday 2 Oct13:30-15:30OamaruBrydone Hotel Oamaru
115 Thames Street, Oamaru, North Otago, 9400
Thursday 2 Oct 18:30-20:30Fairlie Mackenzie Community Centre
53 Main Street, Fairlie, 7925
Friday 3 Oct09:30 – 11:30AshburtonHotel Ashburton
11-35 Racecourse Rd, Ashburton, 7700
Friday 3 Oct13:30-15:30DunsandelDunsandel Community Centre
1456 Tramway Rd, Dunsandel
Friday 3 Oct18:00-20:00OmihiOmihi Community Hall
9 Reeces Road, Omihi, 7483
Monday 6 Oct 09:00-11:00 Nelson Beachside Nelson
70 Beach Rd, Tahunanui, Nelson, 7011
Monday 6 Oct14:30-16:30BlenheimScenic Hotel Marlborough
65 Alfred Street, Blenheim, 7201
Tuesday 7 Oct09:30-11:30MastertonCopthorne Solway Park Conference Centre
High Street, Solway, Masterton,
5810
Tuesday 7 Oct14:00-16:00FeildingFeilding Golf Club
1487 Waughs Road, Aorangi 4775
Tuesday 7 Oct18:00-20:00DannevirkeDannevirke Services & Citizens Club
1 Princess Street, Dannevirke, 4930
Wednesday 8 Oct09:00-11:00HastingsHavelock North Function Centre
30 Te Mata Road, Havelock North, 4130
Monday 13 Oct10:30-12:30Virtual RoadshowOnline webinar, link in registration email.
Tuesday 14 Oct09:00-11:00AlexandraCentennial Court Hotel, 96 Centennial Avenue, Alexandra 9320
Tuesday 14 Oct14:00-16:00MiddlemarchStrath Taieri Community Centre, Cnr Swansea St & Browns Rd, Middlemarch 9597
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
New Zealand map
1

Monday 29th Sept | 10:00-12:00 | Tuatapere
Waiau Town & Country Club, 41 King Street, Tuatapere 9620

2

Monday 29th Sept | 14:00-16:00 | Mossburn
Mossburn Community Centre, 9 Holmes Street, Mossburn 9792

3

Monday 29th Sept | 19:00-21:00 | Invercargill
Ascot Hotel, 41 Racecourse Road, Invercargill

4

Tuesday 30 Sept | 10:00-12:00 | Winton
Winton Memorial Hall, 2 Meldrum Street Winton, 9720

5

Tuesday 30 Sept | 14:30-16:30 | Tokanui
Tokanui Memorial Hall, 42 Tokanui-Haldane Road Tokanui, 9884

6

Tuesday 30 Sept | 19:00-21:00 | Gore
Croydon Lodge, 100 Waimea Street, Croydon 9776

7

Wednesday 1 Oct | 09:00-11:00 | Wyndham
Wyndham Memorial Hall, 44 Balaclava Street, Wyndham 9831

8

Wednesday 1 Oct | 13:00-15:00 | Heriot
Heriot Community Centre, 11 Nith Street, Heriot

9

Wednesday 1 Oct | 18:00-20:00 | Balclutha
South Otago Town and Country Club, 1 Yarmouth Street, Balclutha

10

Thursday 2 Oct | 09:00-11:00 | Mosgiel
Mosgiel Coronation Hall, 97 Gordon Road, Mosgiel 9024

11

Thursday 2 Oct | 13:30-15:30 | Oamaru
Brydone Hotel Oamaru, 115 Thames Street , Oamaru , North Otago 9400

12

Thursday 2 Oct | 18:30-20:30 | Fairlie
Mackenzie Community Centre, 53 Main Street, Fairlie 7925

13

Friday 3 Oct | 09:30 – 11:30 | Ashburton
Hotel Ashburton,11-35 Racecourse Rd, Ashburton, 7700

14

Friday 3 Oct | 13:30-15:30 | Dunsandel
Dunsandel Community Centre, 1456 Tramway Rd, Dunsandel

15

Friday 3 Oct | 18:00-20:00 | Omihi
Omihi Community Hall, 9 Reeces Road, Omihi 7483

16

Monday 6 Oct | 09:00-11:00 | Nelson
Beachside Nelson, 70 Beach Rd, Tahunanui, Nelson 7011

17

Monday 6 Oct | 14:30-16:30 | Blenheim
Scenic Hotel Marlborough, 65 Alfred Street, Blenheim 7201

18

Tuesday 7 Oct | 09:30-11:30 | Masterton
Copthorne Solway Park Conference Centre, High Street, Solway, Masterton 5810

19

Tuesday 7 Oct | 14:00-16:00 | Feilding
Feilding Golf Club, 1487 Waughs Road, Aorangi 4775

20

Tuesday 7 Oct | 18:00-20:00 | Dannevirke
Dannevirke Services & Citizens Club, 1 Princess Street, Dannevirke 4930

21

Wednesday 8 Oct | 09:00-11:00 | Hastings |
Havelock North Function Centre, 30 Te Mata Road, Havelock North 4130

22

Tuesday 14 Oct | 14:00-16:00 |
Strath Taieri Community Centre
Cnr Swansea St & Browns Rd, Middlemarch 9597

23

Tuesday 14 Oct | 09:00-11:00 | Alexandra
Centennial Court Hotel, 96 Centennial Avenue, Alexandra 9320

Register for Roadshow


All fields are compulsory.

time line to vote vertical scaled
If you have any questions:
  • Farmers – please contact your Farmer elected Director, Livestock Rep or email us at communications@alliance.co.nz or chairman.alliance@alliance.co.nz
  • Media – Sam Halstead, 027 474 6065 or sam@latitudesc.co.nz

Frequently asked questions

How did you choose Dawn Meats’ Group as the preferred option?

  • The investment was chosen based on clear criteria — it needed to satisfy our banking partners by significantly reducing our working capital facility, and at the same time, help get Alliance onto a more stable and secure financial footing for the future. No other offer met the scale and quality of the proposed Dawn Meats investment, which stands to:
    • Support long-term underlying growth of our business – in the interests of our people, shareholders and customers;
    • Reduce our short-term working capital debt by approximately $188 million before the end of this financial year;
    • Return up to $40 million in loyalty payments to farmer-shareholders over the next two three years, provided supply criteria is met.
    • Secure a continued farmer-shareholder joint venture ownership structure, that also preserves all of Alliance’s significant tax loss credits.
    • Enable future growth opportunities by creating an even stronger in-market competitive advantage.
    • Re-investing the business to strengthen and improve our operations.
  • Dawn Meats’ investment proposal has been reviewed by Northington Partners, which has provided an independent assessment on behalf of all farmer-shareholders, to support their decision-making process. The report has been set out within the Scheme Booklet currently being reviewed by the Takeover Panel and will be released to shareholders before the end of September.

What level of support from farmer-shareholders does Alliance Group need for the investment proposal to proceed?

  • A minimum of 75 per cent shareholder acceptance of those who vote, and,
  • Greater than 50 per cent of all shareholding voting yes at a Special General Meeting (or via proxy) to be held in Invercargill in mid-October.

What happens if this proposal doesn’t get enough support?

  • This may involve possible asset sales, further processing site closures and further cost-reduction initiatives. Ultimately, we would lose control of our own destiny.
  • This will also likely mean a reduction in Shareholder equity.

What is a scheme booklet / scheme of arrangement?

  • A scheme of arrangement is a court-approved process under the Companies Act that allows a company to make significant structural or ownership changes, such as a merger, acquisition, or capital restructure, with shareholder approval.
  • The scheme booklet is a detailed document sent to shareholders that outlines:
    • What the scheme proposes (e.g., a sale or investment);
    • How it will work;
    • The impact on shareholders;
    • Key risks and benefits;
    • Independent expert reports; and
    • Voting procedures
  • It ensures shareholders have all the information they need to make an informed decision before voting on the proposal. Approval requires both shareholder support and High Court approval.

What is the Takeovers Panel?

  • The Takeovers Panel is an independent government body that oversees major transactions involving changes in control of listed and unlisted companies with 50 or more shareholders and $30 million or more in assets.
  • Its role is to:
    • Ensure fairness, transparency, and integrity in takeover processes;
    • Review compliance with takeover laws;
    • Grant exemptions or approve alternative arrangements like schemes of arrangement; and
  • Protect shareholders’ rights.
    In transactions like Alliance’s proposed investment, the Panel reviews whether shareholders are being treated fairly and consistently under the law.

What is the OIO process?

  • The Overseas Investment Office (OIO) is the regulator that assesses and approves significant investments in New Zealand assets by overseas persons or entities.
  • If a foreign investor wishes to buy a New Zealand company or land of sensitive nature, the OIO must assess:
    • Whether the investor is of good character; and
  • Whether the investment brings clear benefits to New Zealand (such as jobs, new technology, or export growth); and
  • That the investor meets legal and financial thresholds.
  • For a proposal like external investment into Alliance Group, OIO approval is required before the transaction can be completed if the investor is classified as overseas.
Link to: Home
alliance logo
  • Work for us
  • Current opportunities
  • Careers
  • Investing in people
  • Farmers
  • Proposed Strategic Investment Partnership
  • Farm Alliance
  • Find a rep
  • Contact us
  • Global offices
  • Media enquiries
  • Plant locations
  • Livestock reps
  • About us
  • Why Alliance
  • Our team
Link to: Home
alliance logo
  • About us
  • Why Alliance
  • Our team
  • Farmers
  • Proposed Strategic Investment Partnership
  • Farm Alliance
  • Find a rep
  • Contact us
  • Global offices
  • Media enquiries
  • Plant locations
  • Livestock reps
  • Work for us
  • Current opportunities
  • Careers
  • Investing in people

  • Search
  • Online Shop
  • Register
  • Login

BACK TO TOP

  • Search
  • Online Shop
  • Register
  • Login
  • linkedin icon
  • instagram icon
  • facebook icon
  • youtube icon
  • BACK TO TOP
  • Terms and conditions
  • Privacy policy
  • © Alliance Group 2024
Scroll to top

This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies.

Accept settingsHide notification onlySettings

Cookie and Privacy Settings



How we use cookies

We may request cookies to be set on your device. We use cookies to let us know when you visit our websites, how you interact with us, to enrich your user experience, and to customize your relationship with our website.

Click on the different category headings to find out more. You can also change some of your preferences. Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer.

Essential Website Cookies

These cookies are strictly necessary to provide you with services available through our website and to use some of its features.

Because these cookies are strictly necessary to deliver the website, refusing them will have impact how our site functions. You always can block or delete cookies by changing your browser settings and force blocking all cookies on this website. But this will always prompt you to accept/refuse cookies when revisiting our site.

We fully respect if you want to refuse cookies but to avoid asking you again and again kindly allow us to store a cookie for that. You are free to opt out any time or opt in for other cookies to get a better experience. If you refuse cookies we will remove all set cookies in our domain.

We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. Due to security reasons we are not able to show or modify cookies from other domains. You can check these in your browser security settings.

Other external services

We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.

Google Webfont Settings:

Google Map Settings:

Google reCaptcha Settings:

Vimeo and Youtube video embeds:

Privacy Policy

You can read about our cookies and privacy settings in detail on our Privacy Policy Page.

Privacy Policy
Accept settingsHide notification only