M&A Deal Summary

Morgan Stanley Infrastructure Partners Acquires StraitNZ

On March 31, 2022, infrastructure investor Morgan Stanley Infrastructure Partners acquired transportation company StraitNZ from CPE Capital

Acquisition Highlights
  • This is Morgan Stanley Infrastructure Partners’ 2nd transaction in the Transportation sector.
  • This is Morgan Stanley Infrastructure Partners’ 1st transaction in New Zealand.

M&A Deal Summary

Date 2022-03-31
Target StraitNZ
Sector Transportation
Buyer(s) Morgan Stanley Infrastructure Partners
Sellers(s) CPE Capital
Deal Type Secondary Buyout

Target

StraitNZ

Wellington, New Zealand
StraitNZ is a provider of roll-on, roll-off freight and passenger shipping services. The combined shipping and road divisions enable the transportation of hundreds of thousands of tonnes of freight, as well as a modern passenger service between Wellington in the north and picton in the Marlborough region of the South Island. StraitNZ was founded in 1992 and is based in Wellington, New Zealand.

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Buyer(S) 1

DESCRIPTION

Morgan Stanley Infrastructure Partners is the infrastructure focused investment arm of Morgan Stanley. The Unit looks to invest in infrastructure assets that provide essential services in developed markets with stable cash-flows. Specific areas of interest include power generation, utilities, natural gas, transportation, and digital infrastructure. Morgan Stanley Infrastructure Partners was formed in 2006 and is headquartered in New York City.


DEAL STATS #
Overall 15 of 18
Sector: Transportation M&A 2 of 3
Type: Secondary Buyout M&A Deals 2 of 3
Country: New Zealand M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-29 SpecialtyCare

Brentwood, Tennessee, United States

SpecialtyCare is a provider of outsourced operating room services including perfusion and intraoperative neuromonitoring, autotransfusion, sterile processing management, surgical assist, and minimally invasive surgical support. SpecialtyCare was founded in 2006 and is based in Brentwood, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-29 VTG

Hamburg, Germany

VTG is a full-range service, providing tank cars, intermodal wagons, standard freight wagons and sliding wall wagons. In addition to the hiring of wagons, the Group offers comprehensive multi-modal logistics services, mainly around rail transport, and global tank container transports. VTG was founded in 1951 and is based in Hamburg, Germany.

Sell -

Seller(S) 1

SELLER

CPE Capital

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 3.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CHAMP Private Equity is an Australian private equity firm focused on seed, expansion stage, and buyout investments across a range of industry sectors. CHAMP's buyout practice looks for businesses valued A$100 million and A$750 million, requiring at least A$30 million in equity capital. The Firm primarily looks for businesses operating in Australia and New Zealand. CHAMP is affiliated with New York based private equity firm Castle Harlan. CHAMP Private Equity was formed in 2000 and is based in Sydney.


DEAL STATS #
Overall 26 of 27
Sector: Transportation M&A 1 of 1
Type: Secondary Buyout M&A Deals 11 of 11
Country: New Zealand M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-26 Jaybro Group

Arndell Park, Australia

Jaybro Group is a distributor of consumables to civil infrastructure and construction contractors. Jaybro's in-house graphic design team and production facilities also enable customized signs to be delivered to construction sites within 24 hours. Jaybro Group was founded in 1996 and is based in Arndell Park, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-01 Ambrose Construct Group

Queensland, Australia

Ambrose Construct Group is a national restoration and building supplier to the general insurance industry. Ambrose Construct Group is based in Queensland, Australia.

Buy -