M&A Deal Summary

Hellaby Holdings Acquires Contract Resources

On December 27, 2012, Hellaby Holdings acquired business services company Contract Resources from Rangatira Investments for 116M NZD

Acquisition Highlights
  • This is Hellaby Holdings’ 1st transaction in the Business Services sector.
  • This is Hellaby Holdings’ 0th largest (disclosed) transaction.
  • This is Hellaby Holdings’ 1st transaction in Australia.
Investment Fate
  • Contract Resources was divested to a consortium of buyers in 2017.
  • Contract Resources was sold to a consortium of financial buyers in 2020.

M&A Deal Summary
Date 2012-12-27
Target Contract Resources
Sector Business Services
Buyer(s) Hellaby Holdings
Sellers(s) Rangatira Investments
Deal Type Add-on Acquisition
Deal Value 116M NZD

Target

Contract Resources

Perth, Australia
Contract Resources is a provider of specialized Industrial and mechanical services to the oil & gas, chemical, mining, cement and utilities Industries across New Zealand, and the Middle East. Contract Resources was founded in 1990 and is based in Perth, Australia.

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Buyer(S) 1

Buyer

Hellaby Holdings

Auckland, New Zealand
Category Company
Founded 1980
Sector Retail
Employees3,000
Revenue 734M NZD (2014)
DESCRIPTION

Hellaby Holdings Ltd. operates in industrial, distribution, and retail businesses in New Zealand, Australia, and internationally. Hellaby has one business in the Resources Services sector, providing highly specialised and technical industrial services including catalyst handling, mechanical services and specialised cleaning for major oil, gas, petrochemical and heavy industrial customers in four key regions around the world.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Australia) 1 of 1
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-28 Elldex Packaging

Auckland, New Zealand

Elldex Packaging Ltd. is a manufacturer and importer of HDPE and LDPE flexible plastic packaging.

Sell -

Seller(S) 1

SELLER

Rangatira Investments

Wellington, New Zealand

Investor Investor

Category Private Equity Firm
Founded 1937
PE ASSETS 267M NZD
Size Small
Type Sector Agnostic
DESCRIPTION

Rangatira is an investment holding firm that looks for private equity investments in New Zealand and Australia. Rangatira typically looks to invest in small to medium-sized businesses operating in a wide range of industry sectors. Prospective companies can either be privately held or publicly listed. Rangatira was originally established in 1937 and is based in Wellington.

DEAL STATS #
Overall 4 of 6
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 4
Country (Australia) 1 of 1
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-29 Partners Life

Auckland, New Zealand

Partners Life is a provider of life insurance, income protection, medical insurance, disability insurance, trauma cover and business risk protection products and services. Partners Life was formed in 2010 and is based in Auckland, New Zealand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-01 Rainbow s End

Auckland, New Zealand

Rainbow’s End is a theme park that has over 20 world-class rides and attractions. From thrill rides such as the “Invader” to the ever-popular “Log Flume”, Rainbow’s End has something for everyone. Rainbow's End was founded in 2014 and is based in Auckland, New Zealand.

Buy -
Mergr

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