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Perich family to support Freedom Foods recap after Oaktree talks end

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The Perich family’s pledge to invest up to $200 million in troubled Freedom Foods after recapitalisation negotiations with a hedge fund fizzled did little to quell investor concerns at an uneasy annual meeting for the troubled milk and plant-based foods manufacturer.

Tony Perich’s family vehicle Arrovest will invest up to $200 million in the recapitalistion. Jacky Ghossein

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Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
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

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    Original URL: https://www.afr.com/companies/manufacturing/oatktree-walks-from-freedom-foods-negotiations-20210129-p56xqw