| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 3 July 2024 |
| Pathway | Significant business assets only |
| Investment | Acquisition of 100% of the shares in Habit Group Holdings Limited |
| Consideration | Withheld under s9﴾2﴿﴾b﴿﴾ii﴿ of the Official Information Act 1982 |
| Applicant | Le Sol Bidco Limited Australia 43% New Zealand 13% United States of America 12% Luxembourg 11% Cayman Islands 6% Germany 5% Various 10% |
| Vendor | Shareholders of Habit Group Holdings Limited United States of America 33% New Zealand 23% Ireland 11% Luxembourg 9% United Kingdom 7% Netherlands 5% Various 12% |
| Background | Le Sol Bidco Limited is a New Zealand registered limited liability company established to facilitate the Investment. Le Sol Bidco is ultimately owned by various private equity managers and funds, most of which are based in Australia and the United States of America. Habit Group Holdings Limited is a New Zealand limited liability company that operates a nationwide health provider. Their services include rehabilitation, occupational health and employee assistance programmes and fitness. Consent was granted as the Applicant met the investor test criterion. |
| More information | Ben Paterson Russell McVeagh (Auckland) PO Box 8 AUCKLAND 1140 |