M&A Deal Summary

Maui Capital Acquires Freshmax

On December 23, 2011, private equity firm Maui Capital acquired distribution company Freshmax from Wolseley Private Equity

Acquisition Highlights
  • This is Maui Capital’s 2nd transaction in the Distribution sector.
  • This is Maui Capital’s 3rd transaction in Australia.

M&A Deal Summary

Date 2011-12-23
Target Freshmax
Sector Distribution
Buyer(s) Maui Capital
Sellers(s) Wolseley Private Equity
Deal Type Secondary Buyout

Target

Freshmax

Derrimut, Australia
Freshmax is an independent fresh produce trading, marketing, and logistics business operating in both New Zealand and Australia, as an intermediary between growers and retailers. Freshmax was formed in 1995 and is headquartered 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 8 of 11
Sector: Distribution M&A 2 of 2
Type: Secondary Buyout M&A Deals 2 of 2
Country: Australia M&A 3 of 4
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Diversified Mining Services

Toowong, Australia

Diversified Mining Services is a provider of mining services and equipment for the operation, maintenance and support of open cut and underground mining. Diversified Mining Services was founded in 2007 and is based in Toowong, Austraia.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER
DESCRIPTION

Wolseley Private Equity is a private equity firm that makes investments in manufacturing, distribution and service companies operating in Australia and New Zealand. Wolseley targets companies in need of growth capital or profitable private companies that are seeking to implement a succession plan or sale. Prospective companies typically have pre-tax earnings of at least AU$5 million and are generally valued between AU$30 and AU$120 million. Wolseley Private Equity does not pursue start-up or early stage situations. Wolseley Private Equity was formed in 1999 and is based in Sydney, Australia.


DEAL STATS #
Overall 3 of 12
Sector: Distribution M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 3
Country: Australia M&A 3 of 11
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 AGS World Transport Pty

Port Botany, Australia

AGS World Transport is an independent Non Vessel Operating Common Carrier (NVOCC) in Australia, offering customers a comprehensive and integrated network that allows them to import and export cargo all over the world. AGS World Transport was formed in 1985 and is based in Port Botany, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-13 Blue Star Group Australia Pty

Homebush, Australia

Blue Star Group Australia Pty Ltd. is a Trans-Tasman communications group, providing sheetfed, digital and web printing, print management, direct mail, and national logistics operations. Blue Star was established in 1991 and is based in Homebush, Australia.

Buy -