M&A Deal Summary

Hong Leong Group Acquires Manuka Health New Zealand

On September 27, 2018, Hong Leong Group acquired consumer products company Manuka Health New Zealand from Pacific Equity Partners

Acquisition Highlights
  • This is Hong Leong Group’s 1st transaction in the Consumer Products sector.
  • This is Hong Leong Group’s 1st transaction in New Zealand.

M&A Deal Summary

Date 2018-09-27
Target Manuka Health New Zealand
Sector Consumer Products
Buyer(s) Hong Leong Group
Sellers(s) Pacific Equity Partners
Deal Type Add-on Acquisition

Target

Manuka Health New Zealand

Te Awamutu, New Zealand
website
Manuka Health New Zealand Ltd. is a manufacturer of natural health and beauty products. Manuka Health New Zealand was established in 2006 and is headquartered in Te Awamutu, New Zeland.

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Buyer(S) 1

Buyer

Hong Leong Group

Kuala Lumpur, Malaysia

website


Category Company
Sector Diversified
Revenue 6.2B MYR (2021)
DESCRIPTION

Hong Leong is a conglomerate company that controls 14 listed companies involved in the financial services, manufacturing, distribution, property, and infrastructure development. Hong Leong Group is based in Kuala Lumpur, Malaysia.


DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (New Zealand) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Pacific Equity Partners

Sydney, Australia

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1998
PE ASSETS 4.9B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Pacific Equity Partner (PEP) is a private equity firm focused on buyout and late stage expansion capital investments in Australia and New Zealand. PEP typically partners with management teams in acquiring businesses and focuses on transactions valued up to AU$1 Billion. The Firm prefers control situations and typically holds investments for three to six years. PEP will not invest in start-ups or unprofitable businesses, as well as gambling or tobacco companies. Pacific Equity Partners was formed in 1998 and is based in Sydney, Australia. The Firm targets various industries.


DEAL STATS #
Overall 14 of 17
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 8 of 11
Country (New Zealand) 5 of 5
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Intellihub Group

Sydney, Australia

Intellihub Group is a provider of smart metering in Australia and New Zealand. It performs an essential, regulatory role in the electricity network, with an increasing importance as both the supply and consumption of electricity becomes more dynamic. Intellihub Group was established in 2018 and is based in Sydney, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-27 Allied Pinnacle Pty

Rhodes, Australia

Allied Pinnacle Pty Ltd. is a provider of value-added bakery products and bakery ingredients in Australia.

Sell -