M&A Deal Summary

EPAC Technologies Acquires Express Logistics

On October 23, 2009, EPAC Technologies acquired business services company Express Logistics from Direct Capital for 5M USD

Acquisition Highlights
  • This is EPAC Technologies’ 1st transaction in the Business Services sector.
  • This is EPAC Technologies’ largest (disclosed) transaction.
  • This is EPAC Technologies’ 1st transaction in New Zealand.

M&A Deal Summary
Date 2009-10-23
Target Express Logistics
Sector Business Services
Buyer(s) EPAC Technologies
Sellers(s) Direct Capital
Deal Type Add-on Acquisition
Deal Value 5M USD
Advisor(s) Westbury Group LLC (Financial)

Target

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.

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Buyer(S) 1

Buyer

EPAC Technologies

San Leandro, California,
Category Company
Sector Information Technology
DESCRIPTION

EPAC provides On-demand printing and publication services

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (New Zealand) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1

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 13 of 18
Sector (Business Services) 2 of 3
Type (Add-on Acquisition) 2 of 2
Country (New Zealand) 11 of 16
Year (2009) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-22 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-28 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.

Buy -
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