| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 3 October 2023 |
| Pathway(s) | Significant business assets |
| Investment | Acquisition of 100% of the shares in TLS Group Holdings Limited |
| Consideration | $140,000,000 |
| Applicant | Athena NZ Bidco Limited United States of America 44% United Kingdom 29% France 10% Norway 6% Various 12% |
| Vendors | Shareholders of TLS Group Holdings Limited New Zealand 13% Australia 77% Hong Kong 6% Various 4% |
| Background | The Applicant is a special purpose vehicle ultimately owned by a global investment fund, Tenzing Private Equity III LP. The Applicant is acquiring 100% of the shares in TLS Group Holdings Limited which is the holding company of the Totara Group. The Totara Group, through its subsidiaries, is a corporate learning provider. Consent was granted as the Applicant met the investor test criterion. |
| More information | Tom Gillespie Russell McVeagh (Auckland) PO Box 8 Auckland 1140 |