<article>In a big ticket deal from Philippines, consumer goods giant <a style="color: #000080;" href="http://www.mondenissin.com">Monde Nissin Corp </a>has bought out alternative meat maker <a style="color: #000080;" href="www.quorn.com">Quorn</a> in the United Kingdom for $831 million, reports said.</article>

In a big ticket deal from Philippines, consumer goods giant <a style="color: #000080;" href="http://www.mondenissin.com">Monde Nissin Corp </a>has bought out alternative meat maker <a style="color: #000080;" href="www.quorn.com">Quorn</a> in the United Kingdom for $831 million, reports said.
The deal, backed up by three large banks from the Philippines is notably the third-largest overseas acquisition by a company in Southeast Asia, <a style="color: #003366;" href="http://mobile.reuters.com/article/idUSL5N1204C720151001">Reuters</a> said.
Monde Nissin topped global food companies during Quorn&#8217;s sale on Wednesday which was announced by Quorn&#8217;s owners, two UK-based investment firms Exponent Private Equity and Intermediate Capital Group.
Also read: <a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/thailand-malee-forms-jv-with-monde-nissin-to-tap-philippines-beverage-market-13782/">Thailand Malee forms JV with Monde Nissin to tap Philippines beverage market</a>
Monde Nissin is a three-decade-old consumer goods firm in the Philippines popularly known for its flagship brand the Lucky Me! instant noodles. The product won the Kantar Worldpanel’s 2014 Brand Footprint Report, naming Lucky Me! as the number one brand in the Philippines, besting various brands from local companies and multinationals.
The deal was indicative of how Asian companies, particularly food manufacturers, are trying to expand their market reach beyond the region.
Also read: <a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/pure-foods-buys-hormel-vietnam-jv-2423/">Pure Foods buys out Hormel in Vietnam JV</a>
Among the local banks that funded the Monde Nissin-Quorn deal were Bank of the Philippine Islands (BPI), BDO Unibank Inc, and Metropolitan Bank &amp; Trust Co, Reuters said.
Monde Nissin is aiming for an initial public offering by 2016. Its recent acquisitions were two Australian-based companies, Black Swan, and Nudie. The former is a brand of chilled chips, while the latter sells premium juices. Black Swan, however, is also a manufacturer of Greek yogurt.
Also read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/universal-robina-gets-576m-loan-buyout-nz-co-2671/">Universal Robina gets $576m loan for NZ buyout</a>

Philippine consumer goods giant Monde Nissin Corp has bought out alternative meat maker Quorn in the United Kingdom for $831 million, reports said.

Philippines' Monde Nissin buys out UK food firm Quorn for $831m

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Philippines' Monde Nissin buys out UK food firm Quorn for $831m

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief