Stake Purchase • Retail

Direct Capital Invests In Rodd & Gunn

On August 22, 2008, private equity firm Direct Capital invested in retailer Rodd & Gunn

Investment Context
  • This is Direct Capital’s 2nd transaction in the Retail sector.
  • This is Direct Capital’s 23rd transaction in New Zealand.
Investment Fate
  • Rodd & Gunn was sold to a financial buyer in 2015.

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Investment Summary

Date August 22, 2008
Target Rodd & Gunn
Sector Retail
Investor(s) Direct Capital
Deal Type Stake Purchase

Target Company

Rodd & Gunn

Auckland, New Zealand
Rodd & Gunn operates retail stores in Australia and New Zealand and is a wholesaler in the U.S. with over 85 stores across Australia and New Zealand, Rodd & Gunn’s brand philosophy is to create clothes that draw the best from nature in its purest state. Rodd & Gunn was founded in 1946 and is based in Auckland, New Zealand.
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Investor Overview 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 Context for Investor #
Overall 26 of 46
Sector: Retail 2 of 2
Type: Stake Purchase 4 of 6
Country: New Zealand 23 of 38
Year: 2008 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-09 New Zealand King Salmon

Nelson, New Zealand

New Zealand King Salmon is the country?s largest salmon producer supplying both the domestic and export markets. Based in Nelson and with hatcheries, farms and processing facilities across Marlborough and Canterbury, the company is highly integrated from brood stock management right through to distribution of product through its well-recognised consumer brands, Seasmoke, Regal and Southern Ocean.

Buy -
FOLLOWING 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

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