| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 7 April 2021 |
| Pathway(s) | Significant business assets only |
| Investment | Acquisition of 100% of the ordinary shares in Natural Pet Food Group Limited |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Gold Nature IV Limited United States of America (16.78%) Cayman Islands (10.46%) Kuwait (6.66%) Singapore (3.66%) Canada (3.25%) Saudi Arabia (3.24%) Luxembourg (1.99%) Germany (1.38%) Hong Kong (1.37%) Bermuda (1.19%) Various (36.02%) |
| Vendor | The Shareholders of Natural Pet Food Group Limited New Zealand (97.54%) Australia (1.05%) Singapore (0.41%) |
| Background | The Applicant is a special-purpose vehicle created for the purpose of this investment. The Applicant is a subsidiary of KKR Asian Fund IV SCSp, who is an investment fund with an Oceania and Asia focus. The target, Natural Pet Food Group Limited, is a distributor of premium natural dog and cat food and the Applicant intends to continue operating this business. 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. |
| More information | Matthew Olsen Mayne Wetherell PO Box 3797 Shortland Street AUCKLAND |