M&A Deal Summary

Direct Capital Acquires Fishpond

On October 28, 2009, private equity firm Direct Capital acquired e-commerce company Fishpond

Acquisition Highlights
  • This is Direct Capital’s 1st transaction in the E-Commerce sector.
  • This is Direct Capital’s 24th transaction in New Zealand.

M&A Deal Summary

Date 2009-10-28
Target Fishpond
Sector E-Commerce
Buyer(s) Direct Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Fishpond

Auckland, New Zealand
Fishpond is an online retail stores selling books, music, and movies, CDs, DVDs, games, toys, and consumer electronics. Fishpond was founded in 2004 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 27 of 46
Sector: E-Commerce M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 22 of 27
Country: New Zealand M&A 24 of 38
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-23 Express Logistics

Auckland, New Zealand

Established in 1989, Express grew from a small firm providing basic freight forwarding services domestically into a large scale integrated logistics service provider with operations on both sides of the Tasman.

Sell $5M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-29 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.

Buy -