M&A Deal Summary

Heartland Bank Acquires Seniors Money International

On February 17, 2014, Heartland Bank acquired financial services company Seniors Money International from Quadrant Private Equity for 87M NZD

Acquisition Highlights
  • This is Heartland Bank’s 1st transaction in the Financial Services sector.
  • This is Heartland Bank’s 0th largest (disclosed) transaction.
  • This is Heartland Bank’s 1st transaction in New Zealand.

M&A Deal Summary
Date 2014-02-17
Target Seniors Money International
Sector Financial Services
Buyer(s) Heartland Bank
Sellers(s) Quadrant Private Equity
Deal Type Add-on Acquisition
Deal Value 87M NZD

Target

Seniors Money International

Auckland, New Zealand
Seniors Money International Ltd. is a specialist international financial services group providing financial products and services to those approaching, at, or in their retirement years.

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Buyer(S) 1

Buyer

Heartland Bank

Auckland, New Zealand
Category Company
Founded 1875
Sector Financial Services
DESCRIPTION

Heartland Bank has a proud history of supporting small-to-medium sized New Zealand businesses, farms and families in your region.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (New Zealand) 1 of 1
Year (2014) 1 of 1

Seller(S) 1

SELLER

Quadrant Private Equity

Sydney, Australia
Category Private Equity Firm
Founded 1996
PE ASSETS 7.0B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Quadrant Private Equity is a generalist Australian private equity firm focused on management buyouts, buy-ins, and growth capital investments in a broad range of industries. Quadrant prefers profitable businesses and looks to commit AU$70 to AU$150 million per transaction. The Firm will not consider investments in mineral exploration or primary agriculture. Quadrant Private Equity is based in Sydney.

DEAL STATS #
Overall 9 of 19
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 4 of 6
Country (New Zealand) 3 of 3
Year (2014) 1 of 5
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-20 Zip Water

Condell Park, Australia

Zip Water is a designer and manufacturer of instant boiling water dispensers and other water solutions with over 60% market share in commercial markets in Australia, 30% market share in commercial markets in the UK, and presence in over 50 other countries. Zip Water was founded in 1947 and is based in Condell Park, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Bapcor

Melbourne, Australia

Bapcor provides automotive aftermarket parts, accessories, automotive equipmen,t and services. Bapcor’s core business segment is the automotive aftermarket, covering trade, retail & service, and specialist wholesale businesses. Bapcor’s Trade businesses include Burson Auto Parts and BNT. Retail & Service businesses are Autobarn, Autopro, Sprint Auto Parts, Opposite Lock, Car Parts, Midas and ABS. Company specialist wholesale businesses include AAD, Bearing Wholesalers, Baxters, MTQ, Roadsafe, JAS Oceania, HCB, Diesel Distributors, Federal Batteries, Premier Auto Trade, and many more. Bapcor was founded in 1971 and is based in Melbourne, Australia.

Sell -
Mergr

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