| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 28 January 2013 |
| Investment | An overseas investment in significant business assets, being the Applicant's acquisition of rights or interests in up to 100% of the shares of Endace Limited, the consideration of which exceeds $100m. |
| Consideration | $152,775,178.19 (GBP 80,664,143.56 @ 0.5280) |
| Applicant | El Dorado Research Ventures Limited United States Public (98.13%) Various overseas persons (1.87%) |
| Vendor | Existing shareholders of Endace Limited United Kingdom Public (75.61%) New Zealand Public (12.53%) Various overseas persons (11.86%) |
| Background | Emulex Corporation (the parent company of the Applicant) views the acquisition of Endace Limited as an opportunity to enhance Emulex’s network product offerings through Endace’s market-leading network visibility and recording solutions. The overseas investment transaction has satisfied the criteria in section 18 of the Overseas Investment Act 2005. |
| More information | David J Quigg and Melissa Pengelly Quigg Partners PO Box 3035 WELLINGTON 6140 |