Biripi Capital, Australia’s first Aboriginal-owned private equity firm, has snared an initial $20 million investment from Melbourne-based Hudson Food Group, and it will take a minority stake in Biripi’s food services company.
The Dreaming Food Group aims to compete across food services, manufacturing, new products and native ingredients. It is targeting $100 million in revenue within two years.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
