Overseas investment decision for case 201900427 - Livingbridge 6 Global LP

An overseas investment in significant business assets, being:

1. The Applicant increasing its 71.68% shareholding in Habit Group Holdings Limited to up to 100%; and
2. Oluwole Kolade increasing his existing membership interest in Livingbridge EP LLP (and therefore his control interest in Habit Group Holdings) to up to 100%

the asset value of which exceeds $100 million.

1. Other shareholders of Habit Group Holdings Limited
   New Zealand Public (100%)
2. Members of Livingbridge EP LLP
   United Kingdom Public (100%)

The Applicant is a subsidiary of Livingbridge, a mid-market private equity firm based in the United Kingdom, the United States and Australia. Livingbridge have invested in healthcare, education, services, consumer and technology sectors for over 20 years. Oluwole Kolade is a managing partner at Livingbridge.

Habit Group was founded in 2002 and is New Zealand’s largest provider of rehabilitation, occupational health and fitness services.

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.