Investment Summary

Exits GoBus

On April 5, 2012, invested in transportation company GoBus from Direct Capital

Investment Highlights
  • This is transaction in the Transportation sector.
  • This is transaction in New Zealand.

Investment Summary
Date 2012-04-05
Target GoBus
Sector Transportation
Sellers(s) Direct Capital
Deal Type Recapitalization

Target

GoBus

Hamilton, New Zealand
website
GoBus Limited (?GoBus?) is a leading provider of public transport services in the Waikato region, providing urban, school and charter/tour bus services. GoBus was formed in 2003 from the amalgamation of four local bus companies ?Blue Worth?, ?Simpson? and ?Hodgson? and ?HCB?. The Company now employs 460 people, and operates a fleet of 410 vehicles, 4 workshop facilities and 8 depots around the Waikato region.

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Seller(S) 1

SELLER

Direct Capital

Auckland, New Zealand

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1994
PE ASSETS 1.2B NZD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Direct Capital is a private investment firm focused on private equity and venture capital investments in Australia and New Zealand. Direct Capital's later stage investment area looks to commit NZ$15 to NZ$60 million in companies with revenues up to NZ$300 million. Target sectors include retail, food, consumer products, healthcare services, distribution, life science, and manufacturing. Prospective transaction situations include successions, management buyouts, expansions, acquisitions, and pre-IPO placements. Direct Capital was formed in 1994 and is based in Auckland, New Zealand.

DEAL STATS #
Overall 14 of 17
Sector (Transportation) 1 of 1
Type (Recapitalization) 1 of 1
Country (New Zealand) 12 of 15
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-10 Hiway Group

Auckland, New Zealand

Hiway Group provides solutions for road, rail and pavement stabilization, slip and slope reinforcement, soil mechanics, geotechnical design and contamination remediation. The Hiway Group Ltd. was founded in 1982 and is based in Auckland, New Zealand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-10 Energyworks

Brisbane, Australia

Energyworks Ltd. is a provider of mechanical services to the onshore oil and gas,power generation and petrochemical industry.

Buy -
Mergr

Product

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