| Decision |
Consent granted |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 20 October 2022 |
| Pathway(s) | Significant business assets only |
| Investment | CD&R Madison UK BidCo Ltd - Applicant will acquire 100% of the shares of OCS Group International Limited (target) |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant |
CD&R Madison UK BidCo Ltd |
| Vendors |
O.C.S. Group Limited |
| Background |
The Applicant CD&R Madison UK BidCo Limited is an investment vehicle of CD&R Fund XI which is a private equity fund managed by entities affiliated with CD&R, a private equity investment group based in USA. The Applicant proposes to acquire 100% of the issued share capital of OCS Group International Limited from the Vendors, OCS Group Limited (the Proposed Transaction). OCS Group International Limited and its subsidiaries provide a variety of facility services to a broad range of customers around the world. In New Zealand, these services include cleaning, soft facilities management services such as waste management, building and grounds maintenance, and hard facilities management services such as heating, ventilation and air conditioning installation and maintenance. The Proposed Transaction is part of a global transaction by CD&R Fund XI in order to create a global facilities management business with a strong presence in Europe and Asia-Pacific across cleaning, security, catering, and multi-technical services. Not a transaction of national interest. |
| More information |
Lance Jones |