M&A Deal Summary

Archer Capital Acquires Tasman Building Products

On September 1, 2001, private equity firm Archer Capital acquired building materials company Tasman Building Products from Direct Capital for 165M AUD

Acquisition Highlights
  • This is Archer Capital’s 1st transaction in the Building Materials sector.
  • This is Archer Capital’s 8th largest (disclosed) transaction.
  • This is Archer Capital’s 2nd transaction in New Zealand.
Investment Fate
  • Tasman Building Products was sold to a strategic buyer in 2003 for 230M AUD.

M&A Deal Summary
Date 2001-09-01
Target Tasman Building Products
Sector Building Materials
Buyer(s) Archer Capital
Sellers(s) Direct Capital
Deal Type Secondary Buyout
Deal Value 165M AUD

Target

Tasman Building Products

Penrose, Auckland, New Zealand
Tasman manufactures, markets and distributes various building products supplying the resident, commercial and industrial building industries.

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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 8 of 39
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 1 of 5
Country (New Zealand) 2 of 5
Year (2001) 3 of 3
Size (of disclosed) 8 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-09-01 Repco

Mulgrave, Australia

Repco Corp. is an automotive aftermarket parts and accessories wholesaler and distributor in Australia and New Zealand.Repco is Australasia's leading provider of automotive aftermarket parts and accessories, servicing both trade and retail customers through a network of 435 stores across Australia and New Zealand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-01 Hirequip

Auckland, New Zealand

Hirequip Ltd. is a dry-hire equipment rental business. It offers a wide range of rental equipment across the full spectrum of the construction sector via a national branch network. Hirequip was established in 1960 and is based in Auckland, New Zeland.

Sell -

Seller(S) 1

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 6 of 18
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 1 of 4
Country (New Zealand) 6 of 16
Year (2001) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-01 Genesis Research and Development

Auckland, New Zealand

Genesis Research and Development Corporation Ltd is a research based biotechnology company, with a primary aim of making new discoveries in the fields of immunology and plant compounds.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-01 Moore Australia

Sydney, Australia

Moore Australia manufactured, marketed and sold business forms, customer communication systems, data management systems and associated equipment to 11,000 customers in Australia.

Sell -
Mergr

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