| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Overseas Investment Office |
| Decision date | 21 August 2018 |
| Investment | An overseas investment in significant business assets, being the Applicant's acquisition of rights or interests of ultimately up to 80% of the shares of Seequent Limited, the consideration of which exceeds $100 million. |
| Consideration | $140,000,000 |
| Applicant | Accel-KKR Capital Partners V, LP, Accel-KKR Capital Partners V Strategic Fund, LP and Accel-KKR Members Fund, LLC United States of America (100.0%) |
| Vendor | Seequent Limited New Zealand Public (91.76%) Hong Kong Public (6.17%) Canada Public (1.26%) Denmark Public (0.81%) |
| Background | Seequent Limited is a global leader in development of visual data science software and collaborative technologies. They provide 3D geological modelling software for global mining, energy, environmental, geothermal and hydrogeological businesses. The Applicant intends to continue to invest in new products and go to market initiatives to further grow the business and enable Seequent Limited to succeed internationally. The Applicant has satisfied the OIO that the individuals who will control the investment have the relevant business experience and acumen and are of good character. The Applicant has also demonstrated financial commitment to the investment. |
| More information | Pavanie Edirisuriya DLA Piper PO Box 160 AUCKLAND |
- Last updated