DLA Piper advises Cobram Estate Olives on ASX listing

DLA Piper is proud to have advised Cobram Estate Olives Limited on its listing on the Australian Securities Exchange. 

Cobram Estate was established in 1998 by founders Rob McGavin and Paul Riordan and has grown to become the market leader in the Australian olive oil industry with operations in the USA and Australia and a portfolio of premium retail brands. 

The Company is Australia’s largest olive farmer and the owner of two of Australia’s leading olive oil brands, Cobram Estate® and Red Island® which had a combined market share of 48% of extra virgin olive oil supermarket sales by value in Australia in 2020.

Cobram Estate’s shares commenced trading on the ASX today – Wednesday, 11 August  2021.

The DLA Piper team was led by corporate partner Chris Mitchell and supported by partner Shane Bilardi, senior associate Chanel Mercurio, solicitor Simon Rimmelzwaan and a cross-border team of experts in the United States where Cobram has operations.

Chris Mitchell said “Cobram Estate has been a long term client and it’s been an absolute pleasure to support them on this milestone. We congratulate Rob, Paul and the broader Cobram Estate team for outstanding success and commitment in developing a truly iconic Australian brand and are excited by the prospects of Australian’s being able to invest a leading Australian brand that is enjoyed in households right across Australia and, more broadly, the globe. We look forward to continuing to support the Cobram Estate team as it continues to execute its further growth objectives across Australia and the United States.”

“We’ve worked with Chris Mitchell, Shane Bilardi, Simon Rimmelzwaan and the DLA Piper team, both in the lead-up to, and during the listing process.  We have found them to be an outstanding partner, delivering sound commercial advice that enabled us to meet an aggressive listing timetable driven by commercial objectives within our business.  Chris also played a key role coordinating the broader advisory group and due diligence committee, a role he fulfilled exceptionally. Chris has an unbelievable work ethic and brilliant communication skills” said Rob McGavin, Chair and Co-Founder of Cobram Estate Olives Limited.

“We are very grateful for DLA Piper’s support as we navigated our way through the complexities of an ASX listing, delivering a terrific result for our shareholders”.