| Decision | Consent Granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 31 January 2022 |
| Pathway(s) | Significant business assets only |
| Investment | Acquisition of 100% of the shares in Ziwi Limited |
| Asset Value | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Amazonia Bidco Holdings Limited United States of America (61.635%); Canada (20.10 %); Various (18.265%) |
| Vendor | Andos Holdings Limited, Ginzil Limited (as trustee of the GINZIL Trust), Richard Gifford Lawrence, and Peter John Mitchell New Zealand (100%) |
| Background | The Applicant is a NZ company incorporated for the purpose of this investment. The Applicant is indirectly 100% owned by a fund managed by FountainVest, a private equity firm experienced in media and technology; healthcare; industrials and logistics; business and financial service; and consumer, including pet food and animal care services. The Applicant has been granted consent to acquire 100% shares in Ziwi Limited (‘target’). The target is a pet food manufacturer, exporter and wholesaler with sales channels in more than 25 countries. The Applicant intends to grow the target’s brand to make it the clear leader in the ultra-premium pet food sector across a wide range of international markets. The Applicant has satisfied the investor test criterion. |
| More information | Andrew Petersen Bell Gully (Auckland) PO Box 4199 Auckland 1140 |