| Decision | Consent granted Section 12(b) Overseas Investment Act 2005 Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 29 March 2018 |
| Investment | An overseas investment in sensitive land and significant business assets being the acquisition of up to 100% of the shares in Vintage Holdco Limited. |
| Consideration | A funding transaction through the issue of new shares. |
| Applicant | Adamantem Capital Management Pty Limited as manager of: The Adamantem Capital Fund I Entities The Heritage Co-Investment Trust |
Adamantem Capital Management Pty Limited is the manager of the Adamantem Capital Fund I Entities and Heritage Co-Investment Trust, a multi entity investment group which currently owns approximately 79% of Vintage Holdco Limited. Vintage Holdco Limited owns the Heritage Lifecare portfolio of aged care facilities located throughout New Zealand. This consent enables the Adamantem Capital Fund I Entities and Heritage Co-Investment Trust to increase their interest in Vintage Holdco Limited from approximately 79% up to 100% through participating in funding initiatives for purposes such as funding future acquisitions and further developing the aged care portfolio. The investment is therefore likely to result in the introduction of capital into New Zealand. This investment is also likely to enhance the viability and development of the existing Heritage Lifecare portfolio through allowing more efficient introduction of capital. | |
| More information | Susie Kilty Buddle Findlay PO Box 2694 WELLINGTON 6140 |
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