M&A Deal Summary

Maui Capital Acquires BJ Ball Group

On October 4, 2010, private equity firm Maui Capital acquired distribution company BJ Ball Group from Pencarrow Private Equity

Acquisition Highlights
  • This is Maui Capital’s 1st transaction in the Distribution sector.
  • This is Maui Capital’s 4th transaction in New Zealand.
Investment Fate
  • BJ Ball Group merged with another company in 2017.

M&A Deal Summary

Date 2010-10-04
Target BJ Ball Group
Sector Distribution
Buyer(s) Maui Capital
Sellers(s) Pencarrow Private Equity
Deal Type Secondary Buyout

Target

BJ Ball Group

Auckland, New Zealand
BJ Ball Group is a distributor of fine paper. It supplies a broad range of paper and related products to the printing and publishing industry as well as office supplies companies. BJ Ball Group was founded in 1921 and is based in Auckland, New Zealand.

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Buyer(S) 1

Buyer

Maui Capital

Auckland, New Zealand

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 500M NZD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Maui Capital is a mid-market private equity firm focused on investments in New Zealand and Australia. Maui seeks growth-oriented, profitable businesses with strong positions in the markets in which they operate. Prospective transactions include management buyouts/buy-ins, growth capital financings, industry consolidations, recapitalizations, and take-privates. Maui does not have any industry preferences. Maui Capital was formed in 2008 and is based in Auckland.


DEAL STATS #
Overall 5 of 11
Sector: Distribution M&A 1 of 2
Type: Secondary Buyout M&A Deals 1 of 2
Country: New Zealand M&A 4 of 7
Year: 2010 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-29 InZone

Auckland, New Zealand

InZone manufactures quality insulation for homes and commercial buildings. InZone is based in Auckland, New Zealnad.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-01 Euro

Auckland, New Zealand

Euro is a manufacturer and distributor of trade quality steel products to the rural and construction markets. Euro is based in trade-quality Auckland, New Zealand.

Buy -

Seller(S) 1

SELLER

Pencarrow Private Equity

Wellington, New Zealand

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 692M NZD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Pencarrow Private Equity is a private equity firm focused on investing in New Zealand owned and operated businesses. Pencarrow looks to support management buyouts, management buy-ins, and provide expansion capital for companies operating in a variety of sectors. Areas of interest include building materials, distribution, manufacturing, consumer products, business services, and capital equipment. Target companies are typically valued between NZ$20 and $150 million where the Firm can commit $10 to $30 million in equity capital. Pencarrow Private Equity was formed in 1993 and is based in Wellington, New Zealand.


DEAL STATS #
Overall 2 of 10
Sector: Distribution M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: New Zealand M&A 2 of 10
Year: 2010 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-01 Phil & Teds

Auckland, New Zealand

Phil & Teds is a designer and marketer of a range of premium nursery (baby) products with its flagship product being the three-wheeled Explorer buggy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-30 CS Co.

Auckland, New Zealand

CS Co. is an independent marketer and distributor of prestige fragrances, cosmetics and consumer toiletries.

Sell -