Overseas investment decision for case 200810038 - Ironbridge Capital Fund II A, Ironbridge Capital Fund II B and the Ironbridge Capital International Fund II

27.2194 percent - United States of America, United States Public
26.675 percent - Singapore, Singapore Public
12.9621 percent - Switzerland, Swiss Public
9.5847 percent - Australia, Australian Public
7.4713 percent - Japan, Japanese Public
6.7861 percent - Netherlands, Dutch Public
4.0735 percent - United Kingdom, United Kingdom Public
2.7126 percent - Hong Kong, Hong Kong Public
2.4404 percent - Germany, German Public
0.0751 percent - New Zealand, New Zealand Public

The Overseas Investment Office is satisfied that the individuals with control of the Applicant collectively have business experience and acumen relevant to the overseas investment, and that the Applicant has demonstrated financial commitment towards the overseas investment. The Overseas Investment Office is further satisfied that each individual that exercises control over the Applicant is of good character and is not an individual of the kind referred to in section 7(1) of the Immigration Act 1987.

Rationale for the Investment:
This Application to acquire up to 100% of the remaining shares in Barra Topco II Limited is to partially fund the acquisition of up to 100% of the shares in Manawatu Waste Limited.

The proposal is likely or is likely to benefit New Zealand (or any part of it or group of New Zealanders) having regard to the following factors:

Overseas Investment Act 2005:
s17(2)(a)(iv) – Increased efficiency and productivity and enhanced domestic services.

Overseas Investment Regulations 2005:
r28(b) – Key person in a key industry from country with which New Zealand would benefit from improved relations.
r28(c)(i) – Adversely affect New Zealand's image overseas or trade.
r28(e) – Previous investments in New Zealand.
r28(f) – Give effect to Government policy or strategy.