M&A Deal Summary |
|
|---|---|
| Date | 2023-02-23 |
| Target | Access |
| Sector | Healthcare Services |
| Buyer(s) | Anchorage Capital Partners |
| Sellers(s) | Green Cross Health |
| Deal Type | Divestiture |
| Deal Value | 50M NZD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2008 |
| PE ASSETS | 810M AUD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Anchorage Capital Partners is a specialized private equity firm that focuses on control investments in established businesses with a strong market position or brand which are not performing at their full potential, often as a result of capital constraints, lack of management attention or being a non-core ‘orphan’ in a large corporate. Target companies generally have at least A$100 million of revenue and are valued up to A$250 million. Anchorage will consider companies in a variety of sectors, however, the Firm avoids investing in technology, direct real estate or mineral exploration. The Firm will consider opportunities throughout Australia, New Zealand, and Southeast Asia. Anchorage Capital Partners was established in 2008 and is based in Sydney.
| DEAL STATS | # |
|---|---|
| Overall | 24 of 25 |
| Sector (Healthcare Services) | 1 of 1 |
| Type (Divestiture) | 7 of 7 |
| Country (New Zealand) | 3 of 4 |
| Year (2023) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-19 |
David Jones
Burnley, Australia David Jones is an operator of a 43 departmental stores locations across Australia and New Zealand. David Jones was founded in 1838 and is based in Burnley, Australia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-18 |
Ideal Standard
Brussels, Belgium Ideal Standard is an international manufacturer and marketer of kitchen and bath products. Ideal Standard was founded in 1901 and is based in Brussels, Belgium. |
Sell | €600M |
| Category | Company |
|---|---|
| Founded | 1999 |
| Sector | Healthcare Services |
| Revenue | 493M NZD (2023) |
Green Cross Health is a primary healthcare provider, delivering integrated healthcare solutions to New Zealanders. The company represents around 300 community pharmacies under the Life Pharmacy and Unichem brands, 49 medical centres, community nursing via a 50% investment in Total Care Health and now has significant presence in home health care through Access Homehealth. Green Cross Health was founded in 1999 and is based in Auckland, New Zealand.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Healthcare Services) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (New Zealand) | 1 of 1 |
| Year (2023) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-12-01 |
Access
Wellington, New Zealand Access provides in-home personal care and domestic assistance to a range of elderly, injured and disabled clients, as well as in-home nursing services. Access is based in Wellington, New Zealand. |
Buy | - |
