M&A Deal Summary

Archer Capital Acquires New Zealand Pharmaceuticals

On April 1, 2016, private equity firm Archer Capital acquired medical products company New Zealand Pharmaceuticals from Direct Capital and Idinvest Partners

Acquisition Highlights
  • This is Archer Capital’s 1st transaction in the Medical Products sector.
  • This is Archer Capital’s 5th transaction in New Zealand.
Investment Fate
  • New Zealand Pharmaceuticals was sold to a strategic buyer in 2020.

M&A Deal Summary

Date 2016-04-01
Target New Zealand Pharmaceuticals
Sector Medical Products
Buyer(s) Archer Capital
Sellers(s) Direct Capital
Idinvest Partners
Deal Type Secondary Buyout

Target

New Zealand Pharmaceuticals

Palmerston North, New Zealand
New Zealand Pharmaceuticals Ltd. is a developer and manufacturer of biopharmaceutical products including high purity bile acids, specialized blood group products, complex carbohydrates, and other pharmaceutical intermediates. New Zealand Pharmaceuticals Ltd. was founded in 1971 and is based in Palmerston North, New Zealand.

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Buyer(S) 1

Buyer

Archer Capital

Dawes Point, Australia

Category Private Equity Firm
Founded 1997
PE ASSETS 2.5B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Archer Capital is an independent private equity firm that targets buyout opportunities in Australia and New Zealand. Archer looks for growth companies with strong market positions. Archer prefers majority investment positions. The Firm will not invest in real estate or businesses with unproven technology. Archer Capital was formed in 1997 and is based in Dawes Point, Australia.


DEAL STATS #
Overall 39 of 39
Sector: Medical Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 5 of 5
Country: New Zealand M&A 5 of 5
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 Healthe Care

Sydney, Australia

Healthe Care operates 12 private hospitals (10 acute and 2 psychiatric hospitals) across New South Wales, Queensland, Tasmania, and Victoria. The company also provides a range of outpatient services, including community nursing in the Hunter and Central region of New South Wales as well as workplace health services in Canberra and Melbourne. Healthe Care is based in Sydney, Australia.

Sell AU$938M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-22 Aerocare Flight Support

Newstead, Australia

Aerocare Flight Support is an independent provider of aviation services. Aerocare works with 34 airlines from budget carriers through to international full-service airlines providing the full range of passenger and ramp services.

Sell -

Seller(S) 2

SELLER

Direct Capital

Auckland, New Zealand

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.7B 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$20 to NZ$80 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 16 of 18
Sector: Medical Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 4
Country: New Zealand M&A 14 of 16
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-08 Transaction Services Group

Auckland, New Zealand

Transaction Services Group is an outsourced provider of highly differentiated solutions and technology that enables businesses to efficiently accept recurring payments from customers. Transaction Services Group was founded in 2007 and is based in Auckland, New Zealand.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-31 AS Colour

Auckland, New Zealand

AS Colour designs and manufactures quality basic apparel. Well known for its small network of successful retail stores, AS Colour is a thriving business to business wholesaler, supplying its products into a diverse range of end uses, including event merchandising, corporate events, specialty retail, uniforms, team apparel, and promotional activities. AS Colour was founded in 2007 and is based in Auckland, New Zealand.

Buy -
SELLER

Idinvest Partners

Paris, France

Category Private Equity Firm
Founded 1997
PE ASSETS 7.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Idinvest Partners is a European investment firm focused on investing in small to mid-sized companies at various stages of development. Idinvest segments its investment activity into three groups. These include venture and growth capital, private debt, and dedicated portfolios/funds. Idinvest's venture and growth capital group looks to invest directly in early stage companies with high growth potential. Idinvest's private debt group seeks to provide senior or subordinated debt to small and mid-sized companies pursuing growth objectives. Idinvest's dedicated portfolio/funds group looks to invest in private equity funds, acquire secondary fund positions, and directly co-invest alongside other private equity firms in established companies. Idinvest Partners was formed in 1997 and is based in Paris.


DEAL STATS #
Overall 27 of 38
Sector: Medical Products M&A 3 of 3
Type: Secondary Buyout M&A Deals 5 of 8
Country: New Zealand M&A 1 of 1
Year: 2016 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-15 Plumbee

London, United Kingdom

Plumbee is a developer of social casino games. Plumbee's Mirrorball Slots app, boasts more than 10 million downloads on Facebook and mobile devices.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-28 Talend

Suresnes, France

Talend is a provider of open-source software with a range of products including data integration, data quality, master data management and application integration tools. Talend was formed in 2005 and is based in Suresnes, France.

Sell -