Investment Summary

Direct Capital Invests In Perpetual Guardian

On August 20, 2018, private equity firm Direct Capital invested in business services company Perpetual Guardian

Investment Highlights
  • This is Direct Capital’s 7th transaction in the Business Services sector.
  • This is Direct Capital’s 32nd transaction in New Zealand.

Investment Summary

Date 2018-08-20
Target Perpetual Guardian
Sector Business Services
Investor(s) Direct Capital
Deal Type Stake Purchase

Target

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.

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Investor(S) 1

Investor

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 36 of 46
Sector: Business Services M&A 7 of 9
Type: Stake Purchase M&A Deals 6 of 6
Country: New Zealand M&A 32 of 38
Year: 2018 M&A 1 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 Hiway Group

Auckland, New Zealand

Hiway Group provides solutions for road, rail and pavement stabilization, slip and slope reinforcement, soil mechanics, geotechnical design and contamination remediation. Hiway Group was founded in 1982 and is based in Auckland, New Zealand.

Sell -