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  5. Oceania Group Acquires Qualcare Holdings

M&A Deal Summary

Oceania Group Acquires Qualcare Holdings

On February 29, 2008, Oceania Group acquired healthcare services company Qualcare Holdings from Ironbridge Capital

Acquisition Highlights
  • This is Oceania Group’s 1st transaction in the Healthcare Services sector.
  • This is Oceania Group’s 1st transaction in New Zealand.

M&A Deal Summary
Date 2008-02-29
Target Qualcare Holdings
Sector Healthcare Services
Buyer(s) Oceania Group
Sellers(s) Ironbridge Capital
Deal Type Add-on Acquisition

Target

Qualcare Holdings

Auckland, New Zealand
Qualcare is a fully integrated aged care provider with the majority of sites comprising co-located rest homes, hospital, dementia and independent living villas and apartments for the elderly.

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Buyer(S) 1

Buyer

Oceania Group

Auckland, New Zealand
Category Company
Founded 1999
Sector Healthcare Services
DESCRIPTION

Oceania Group Ltd is a largest care provider in the residential sector.

DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: New Zealand M&A 1 of 1
Year: 2008 M&A 1 of 1

Seller(S) 1

SELLER

Ironbridge Capital

Sydney, Australia

Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 1.5B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Ironbridge Capital is a middle-market private equity firm that targets growth capital and buyout investments in Australia and New Zealand. Ironbridge focuses its investment activity within the services sector and targets businesses with the potential for strong and sustained growth in revenue and profitability. Ironbridge Capital was formed in 2003 and has offices in Sydney and Auckland.

DEAL STATS #
Overall 2 of 13
Sector: Healthcare Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 6
Country: New Zealand M&A 1 of 3
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 MediaWorks

Auckland, New Zealand

MediaWorks is a radio, outdoor advertising and interactive media company. MediaWorks was founded in 1989 and is based in Auckland, New Zealand.

Buy NZ$386M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 Easternwell Group Pty

Brisbane, Australia

Easternwell Group Pty Ltd. is a provider of well services and well construction business, focused on the mining, oil & gas and infrastructure sectors. It provides mainly production-focused, high margin services both earlier in the asset lifecycle and throughout the production phase. Key services include well servicing and maintenance activities, coal seam gas (“CSG”) drilling, production-related iron ore mine dewatering, backfill drilling, near-shore geotechnical drilling and dam remediation services.

Buy AU$202M
Mergr

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