M&A Deal Summary

SKYCITY Entertainment Group Acquires Television New Zealand - 85 & 91 Hobson Street

On September 4, 2013, SKYCITY Entertainment Group acquired real estate company Television New Zealand - 85 & 91 Hobson Street from Television New Zealand for 11M NZD

Acquisition Highlights
  • This is SKYCITY Entertainment Group’s 1st transaction in the Real Estate sector.
  • This is SKYCITY Entertainment Group’s largest (disclosed) transaction.
  • This is SKYCITY Entertainment Group’s 2nd transaction in New Zealand.

M&A Deal Summary

Date 2013-09-04
Target Television New Zealand - 85 & 91 Hobson Street
Sector Real Estate
Buyer(s) SKYCITY Entertainment Group
Sellers(s) Television New Zealand
Deal Type Divestiture
Deal Value 11M NZD

Target

Television New Zealand - 85 & 91 Hobson Street

Auckland, New Zealand
85 and 91 Hobson Street comprises a real estate property. The property is located in Auckland, New Zealand.

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Buyer(S) 1

Buyer

SKYCITY Entertainment Group

Auckland, New Zealand

Category Company
Sector Gaming
Revenue 820M AUD (2014)
DESCRIPTION

SKYCITY Entertainment Group Limited is a entertainment and gaming business with a great brand and an iconic status as a New Zealand and Australian listed company. Company operate monopoly casinos in New Zealand (Auckland, Hamilton and Queenstown) and Australia (Adelaide and Darwin), alongside a variety of industry-leading restaurants and bars, luxury hotels and convention centres.


DEAL STATS #
Overall 2 of 2
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
Country (New Zealand) 2 of 2
Year (2013) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-17 Otago Casinos

Queenstown, New Zealand

Otago Casinos Limited operates a casino in New Zealand.

Buy -

Seller(S) 1

SELLER

Television New Zealand

Auckland, New Zealand

Category Company
Sector Media
Employees913
DESCRIPTION

Television New Zealand is a multi channel television, and digital media broadcasting and production company in New Zealand.


DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
Country (New Zealand) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1