M&A Deal Summary

Next Capital Acquires Hirepool

On July 1, 2006, private equity firm Next Capital acquired business services company Hirepool from Maui Capital for 139M AUD

Acquisition Highlights
  • This is Next Capital’s 1st transaction in the Business Services sector.
  • This is Next Capital’s largest (disclosed) transaction.
  • This is Next Capital’s 1st transaction in New Zealand.

M&A Deal Summary
Date 2006-07-01
Target Hirepool
Sector Business Services
Buyer(s) Next Capital
Sellers(s) Maui Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 139M AUD

Target

Hirepool

Auckland, New Zealand
Hirepool Ltd. is a provider of equipment rental and plant management services.

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Buyer(S) 1

Buyer

Next Capital

Sydney, Australia

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 806M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Next Capital is an independent private equity firm focused on growth capital and small to mid-market buyout opportunities in businesses with low technology risk and limited exposure to commodity fluctuations. Sectors of interest include manufacturing, business services, consumer products, steel, and food/beverages. Next targets businesses valued between AU$50 and AU$250 million. Next Capital is based in Sydney, Australia.

DEAL STATS #
Overall 3 of 18
Sector (Business Services) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 2 of 13
Country (New Zealand) 1 of 2
Year (2006) 2 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 Steelforce Pty

Brisbane, Australia

Steelforce Pty Ltd. is a manufacturer, distributor, and traders of structural steel, merchant bar, steel pipes and tubes as well as a whole range of flat products and angles. It currently owns and operates a 120,000 tonne per annum steel pipe and tube manufacturing plant mill in Dalian, China. The company also imports products from other South East Asian mills for distribution in the Australian market. Steelforce was founded in 2000 and is based in Brisbane, Australia.

Buy $35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 Vitaco Health Australia Pty

North Ryde, Australia

Vitaco Health Australia Pty Ltd. is a manufacturer, distributor and marketer of highly recognisable and innovative Sports Nutrition, Vitamins & Supplements and Health Food & Beverages brands.

Buy -

Seller(S) 1

SELLER

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 1 of 2
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
Country (New Zealand) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 BILDNZ Group

Auckland, New Zealand

BILDNZ Group is a provider of construction services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-01 Norfolk Group

North Sydney NSW, Australia

Norfolk is a provider of integrated electrical, communications, HVAC (heating, ventilation and air conditioning), plumbing, fire protection and property services in Australia, New Zealand and Asia.

Buy -
Mergr

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