M&A Deal Summary

Northleaf Capital Partners Acquires Fortysouth

On July 18, 2022, asset manager Northleaf Capital Partners acquired communications company Fortysouth from Vodafone New Zealand

Acquisition Highlights
  • This is Northleaf Capital Partners’ 2nd transaction in the Communications sector.
  • This is Northleaf Capital Partners’ 1st transaction in New Zealand.

M&A Deal Summary
Date 2022-07-18
Target Fortysouth
Sector Communications
Buyer(s) Northleaf Capital Partners
Sellers(s) Vodafone New Zealand
Deal Type Divestiture

Target

Fortysouth

Auckland, New Zealand
Fortysouth builds and manage the mobile network, the digital motorway, to enable telecommunications companies to deliver advanced connectivity and transformative technologies to everyone. Fortysouth is based in Auckland, New Zealand.

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Buyer(S) 1

Buyer

Northleaf Capital Partners

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2009
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Northleaf Capital Partners is an asset management firm focused on private equity, private credit, and infrastructure investment opportunities. The Firm's private equity group looks to make fund, secondary, as well as direct investments. Within its direct investing practice, Northleaf will consider a variety of middle-market investment situations including growth capital financings, successions, consolidations, and other special situations. Northleaf Capital Partners was established in 2009 and is based in Toronto, Ontario.

DEAL STATS #
Overall 20 of 24
Sector (Communications) 2 of 4
Type (Divestiture) 6 of 6
Country (New Zealand) 1 of 1
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-25 Uber Boat by Thames Clippers

London, United Kingdom

Uber Boat by Thames Clippers is a provider of river bus services. Uber Boat by Thames Clippers was founded in 1999 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-08 Mercury Broadband

Kansas City, Missouri, United States

Mercury Broadband is a provider of high-speed Internet and digital phone services for homes and businesses across select rural markets in the Midwest. Mercury Broadband was founded in 2007 and is based in Kansas City, Missouri.

Buy -

Seller(S) 1

SELLER

Vodafone New Zealand

Auckland,, New Zealand
Category Company
Founded 1998
Sector Communications
Revenue 2.0B NZD (2019)
DESCRIPTION

Vodafone New Zealand Limited provides telecommunication services and also offers mobile, broadband, and TV services. The quality and availability of its networks have a direct bearing on New Zealand's competitiveness and future growth prospects.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
Country (New Zealand) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-12 TelstraClear

Auckland,, New Zealand

TelstraClear is one of New Zealand’s largest full-service communications companies, providing products and services to the business, government, wholesale and residential sectors.

Buy NZ$840M
Mergr

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