| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 18 October 2021 |
| Pathway(s) | Significant business assets only |
| Investment | Acquisition of 100% of the shares in LABL Holding Corporation |
| Asset Value | Approximately $187,600,000 |
| Applicant | Labels Buyer, LLC |
| Vendor | Platinum Equity Capital Partners IV, L.P, Platinum WS Labels Principals, LLC and individual Multi-Color Corporation management employee |
| Background | The Applicant is a US company incorporated for the purpose of this investment. It is an investment vehicle of a widely held private equity fund managed by entities affiliated with Clayton, Dubilier & Rice (CD&R). CD&R is a US-based private equity investment group which originates, structures and frequently acts as lead equity investor in management buyouts, strategic minority equity investments and other strategic investments. The Applicant is seeking consent to acquire LABL Holding Corporation (LABL). LABL is in the process of acquiring a company that owns New Zealand businesses that predominantly supply pressure sensitive labels, shrink sleeve packaging and linerless wraps. The Applicant intends to operate and grow these New Zealand businesses. The Applicant has satisfied the investor test criterion. |
| More information | Joshua Pringle |