M&A Deal Summary

Direct Capital Acquires AS Colour

On August 31, 2017, private equity firm Direct Capital acquired apparel/textiles company AS Colour

Acquisition Highlights
  • This is Direct Capital’s 2nd transaction in the Apparel/Textiles sector.
  • This is Direct Capital’s 31st transaction in New Zealand.

M&A Deal Summary
Date 2017-08-31
Target AS Colour
Sector Apparel/Textiles
Buyer(s) Direct Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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Buyer(S) 1

Buyer

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 35 of 45
Sector (Apparel/Textiles) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 27 of 27
Country (New Zealand) 31 of 37
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-20 Perpetual Guardian

Auckland, New Zealand

Perpetual Guardian is a provider of the full suite of estate planning services. Perpetual Guardian has offices nationwide, Perpetual Guardian was founded in 1884 and is based in Auckland, New Zealand.

Buy -
Mergr

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