Investment Summary

Rangatira Investments and Maui Capital Invest In Partners Life

On November 29, 2012, private equity firms Rangatira Investments and Maui Capital invested in insurance company Partners Life

Investment Highlights
  • This is Rangatira Investments’ 2nd and Maui Capital’s 1st transaction in the Insurance sector.
  • This is Rangatira Investments’ 7th and Maui Capital’s 6th transaction in New Zealand.
Investment Fate
  • Partners Life was sold to a financial buyer in 2016.
  • Partners Life was sold to a strategic buyer in 2022.

Investment Summary

Date 2012-11-29
Target Partners Life
Sector Insurance
Investor(s) Rangatira Investments
Maui Capital
Deal Type Stake Purchase

Target

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.

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Investor(S) 2

Investor

Rangatira Investments

Wellington, New Zealand

Investor Investor Investor


Category Private Equity Firm
Founded 1937
PE ASSETS 267M NZD
Size Small
Type Sector Agnostic
DESCRIPTION

Rangatira is an investment holding firm that looks for private equity investments in New Zealand and Australia. Rangatira typically looks to invest in small to medium-sized businesses operating in a wide range of industry sectors. Prospective companies can either be privately held or publicly listed. Rangatira was originally established in 1937 and is based in Wellington.


DEAL STATS #
Overall 8 of 10
Sector: Insurance M&A 2 of 2
Type: Stake Purchase M&A Deals 1 of 1
Country: New Zealand M&A 7 of 9
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-25 Konnect Net

Auckland, New Zealand

Konnect Net provides the New Zealand insurance industry and health sector with systems and services that dramatically improve the efficiency and quality of service delivery for all. Konnect Net was formed in 2008 and is based in Auckland, New Zealand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-27 Contract Resources

Perth, Australia

Contract Resources is a provider of specialized Industrial and mechanical services to the oil & gas, chemical, mining, cement and utilities Industries across New Zealand, and the Middle East. Contract Resources was founded in 1990 and is based in Perth, Australia.

Sell NZ$116M
Investor

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 9 of 11
Sector: Insurance M&A 1 of 1
Type: Stake Purchase M&A Deals 4 of 4
Country: New Zealand M&A 6 of 7
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-23 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-22 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.

Sell -