| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 4 April 2024 |
| Pathway(s) | Significant business assets |
| Investment | Acquisition of 100% of the shares in Equipment, Leasing & Finance Holdings Ltd |
| Asset value | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Waka BidCo Limited Australia 50% Channel Islands 20% Cayman Islands 10% Luxembourg 6% United States of America 5% Various 9% |
| Vendor | ELF 2016 Ltd Partnership New Zealand 62% Australia 36% Various 2% Milford Private Equity II LP New Zealand 100% TEA Custodians (Milford) Ltd New Zealand 99% Various 1% Equipment, Leasing & Finance Trustee Ltd New Zealand 100% Speirs Investments Limited Partnership New Zealand 99% Various 1% The Investment Holding Group Limited New Zealand 100% |
| Background | Waka BidCo Limited is a New Zealand limited liability company recently incorporated for the purpose of this investment. The Applicant is part of a private equity group Anchorage Capital Partners, which is ultimately owned by multiple investment vehicles and family trusts. Equipment, Leasing & Finance Holdings Limited, is a New Zealand limited liability company that acts as a holding company for ELF Group. ELF Group provides industrial equipment for construction, forestry and other commercial activities, along with finances solutions for businesses. Consent was granted as the Applicant has met the investor test criterion. |
| More information | Ashton Goatley Webb Henderson P O Box 105-426 Auckland |