| Decision | Consent granted Section 13(1)(c) Overseas Investment Act 2005 |
|---|---|
| Decision Date | 20 February 2017 |
| Investment | An overseas investment in significant business assets, being the acquisition of rights or interests in 100% of the shares in each of:
(collectively, the “Target Companies”) the total value of their assets valued at over $100m. |
| Consideration | $185,000,000 |
| Applicant | Apollo Bidco Limited a New Zealand incorporated company (company number 6157928) that is wholly owned by certain investment funds managed and/or advised by CHAMP IV Management Pty Limited, an Australian private equity fund manager. |
| Vendor | James Barker Family Trust James Barker Shipping Trust |
| Background | The Target Companies operates an integrated transport chain around the country, comprising of road transport, shipping transport and freight forwarding businesses. The Applicant is a special purpose company incorporated in New Zealand for the purpose of making the Investment. It is wholly owned by certain overseas investment funds managed and/or advised by CHAMP IV Management Pty Limited, an Australian incorporated private equity fund manager. The overseas investment transaction has satisfied the criteria in section 18 of the Overseas Investment Act 2005. |
| More information | David Hoare Russell McVeagh PO Box 8 AUCKLAND |
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