PT Salim Ivomas Pratama Tbk (IDX:SIMP) has been pursuing Patties, a business that controls the Four'N Twenty Pies brand and is owned by Pacific Equity Partners. PEP has been working with Goldman Sachs on an exit and sources say Salim had been working with Deutsche Bank on a purchase. Some believe talks have progressed, but it is unclear whether Salim Group is close to finalising an acquisition.

The company is known to the Australian market, having invested in West Australian grain business CBH.