M&A Deal Summary

Souter Investments Limited Acquires Fullers360

On April 1, 2009, family office Souter Investments Limited acquired transportation company Fullers360 from Infratil

Acquisition Highlights
  • This is Souter Investments Limited’s 1st transaction in the Transportation sector.
  • This is Souter Investments Limited’s 1st transaction in New Zealand.

M&A Deal Summary

Date 2009-04-01
Target Fullers360
Sector Transportation
Buyer(s) Souter Investments Limited
Sellers(s) Infratil
Deal Type Divestiture

Target

Fullers360

Auckland, New Zealand
Fullers360 is a provider of maritime passenger transport services, providing essential ferry services to the vibrant communities located in Auckland and the Hauraki Gulf, New Zealand’s largest population centre and public transport market. Fullers360 was founded in 1981 and is based in Auckland, New Zealand.

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Buyer(S) 1

DESCRIPTION

Souter Investments is a family office focused on private equity investing throughout the UK. The Firm looks to commit £2 to £30 million to support a variety of transaction situations including buyouts, growth capital financings, corporate divestitures, and balance sheet restructurings. Broad areas of interest include transportation, luxury goods, financial services, healthcare, and business services. Souter Investments was established in 2008 and is based in Edinburgh, Scotland.


DEAL STATS #
Overall 3 of 48
Sector: Transportation M&A 1 of 2
Type: Divestiture M&A Deals 1 of 6
Country: New Zealand M&A 1 of 1
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 OneSearch Direct

Glasgow, United Kingdom

OneSearch Direct Ltd. is a provider of property information and conveyancing solutions to solicitors and other customers throughout England and Wales. OneSearch offer a one-stop-shop solution where solicitors, estate agents, and other interested parties can order a wide range of searches for transactions in England and Wales through a fast, accurate, simple-to-use web ordering facility.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-28 Avalon Funeral Plans

Cheshire, United Kingdom

Avalon Funeral Plans is an independent pre-paid funeral plans provider with operations in the UK and Spain. Pre-paid funeral plans allow customers to provide financially for their funeral, with funds being held in dedicated trust funds until the point of need. Avalon Funeral Plans was founded in 1990 and is based in Cheshire, United Kingdom.

Buy -

Seller(S) 1

SELLER

Infratil

Wellington, New Zealand

Category Company
Founded 1994
Sector Utilities
Employees7,076
Revenue 3.3B NZD (2025)
DESCRIPTION

Infratil is an owner and operator of businesses in the energy (mainly renewable), airport, public transport, and social infrastructure sectors. Infratil was founded in 1994 and is based in Wellington, New Zealand.


DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: New Zealand M&A 1 of 1
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-21 Stagecoach New Zealand

Wellington, New Zealand

Stagecoach NZ operates bus services in the Wellington and Auckland areas of New Zealand, and ferry services in the Auckland area. The company offers Metrolink services for various journeys made by various people to various destinations.

Buy NZ$251M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-29 Retire Australia Holdings Pty

Brisbane, Australia

RetireAustralia is the largest privately owned operator of retirement villages in Australia.

Buy AU$640M