| Decision |
Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Toitū Te Whenua LINZ |
| Decision Date | 8 December 2022 |
| Pathway(s) | Significant business assets only |
| Investment | An overseas investment in significant business assets being the acquisition of 19.9% of the shares in FV Jade Partners GP Ltd. |
| Consideration |
$33.14* * asset value exceeds $100 million |
| Applicant |
Mars Jade Holdings BV USA (100%) |
| Vendor |
FountainVest Capital Partners GP4 Ltd Hong Kong (59.65%) Canada (40.35%) |
| Background |
FV Jade Partners GP Ltd‘s primary business is the management of a fund which was established as an investment vehicle and has since acquired interests in New Zealand assets, for which OIO consent has already been granted earlier this year. The Applicant is acquiring certain limited governance rights in relation to the fund, but will not acquire control of the fund or the operating business, including, for the avoidance of doubt, the downstream New Zealand assets. The ultimate parent company of the Applicant is an American multinational manufacturer of confectionery, pet food, and other food products and a provider of animal care services. LINZ is satisfied that the investor test criterion has been met. |
| More information |
Andrew Matthews |