News
0 King Salmon targets ‘eligible’ investors in upper South Island

Homegrown interest in investing in one of the world’s largest king salmon enterprises could exceed all expectations, the company’s boss says.

New Zealand King Salmon, which has 11 fish farms in the Marlborough Sounds, plans to raise $180 million in a public share offer to fund future investment and working capital, and repay debt.

Up to 45 per cent of the company is being made available for public investment.

As an incentive to invest in a local company a $1m priority offer of shares is being made available to ‘eligible’ residents living in Marlborough and Nelson as part of the initial public offering.

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News
0 Allegro acquires Pizza Hut

Australian private equity fund manager Allegro, together with a local management buy-in (MBI) team, acquired the master franchisee licence for Pizza Hut in Australia from Yum! Brands.

Allegro Founding Partner Chester Moynihan said the Pizza Hut transaction represented an innovative QSR investment model. “Our immediate focus will be strengthening the network of Pizza Hut stores across Australia through increased investment, resources and management focus,” he said.

“Pizza Hut has been a household name in Australia since the early 1970s. It was one of the first pizza companies to home deliver in Australia and we want to revive this innovative legacy to enhance the experience for customers. This is a unique opportunity to leverage a recognised brand within a growing market segment. We see this is an exciting outcome for our investors as well as a growth opportunity for Pizza Hut franchisees and employees.”

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News
0 NZ seafood to become more investable with King Salmon IPO

Sept. 2 (BusinessDesk) – New Zealand King Salmon’s planned initial public offering will give investors another way to gain exposure to the nation’s under-represented seafood sector as the Marlborough Sounds fish-farmer raises funds to build more farms and lift sales to Asia and the US.

New Zealand’s exports of fish, crustaceans and molluscs were worth $1.58 billion in the year ended July 31, amounting to about 3.2 percent of total exports, but the combined market value of existing listed seafood and fish product companies Sanford and SeaDragon was just 0.5 percent of the total NZX market capitalisation of $125 billion in the same period. Comvita, which owns 13 percent of Seadragon, also produces fish oil products, while Pharmazen, which is listed on the Unlisted platform, produces marine oils and powder.

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0 Media Release: Rishworth Aviation acquisition by Empresaria Group plc.

Through the AMP Pencarrow Fund (Fund III), Pencarrow Private Equity is pleased to have accepted an offer to acquire Rishworth Aviation by Empresaria Group plc, a LSE-listed international specialist staffing group. Rishworth will add to Empresaria’s existing staffing solutions to provide it with recruitment services in seven key sectors including Technical & Industrial, Aviation Services, IT & Design, Professional Services, Healthcare and Retail. Empresaria acquired 82.6% of Rishworth for a total cash consideration of US$10 million. The remaining 17.4% interest will be held by the senior management team in line with Empresaria’s model of management equity ownership.

Rishworth is a specialist recruitment group headquartered in Auckland, with a regional office in Stockholm, providing aviation pilots and aviation personnel to clients across the globe. It has a significant presence in Asia, Europe and Africa and leading clients include Norwegian, Korean Air and Vietnam Airlines.

Pencarrow led a succession management buy-out / buy-in of Rishworth in 2005 from the previous 100% owner, Peter Rishworth. Under the ownership of Pencarrow and management, Rishworth significantly grew its client base and number of leased pilots and air crew to become the world’s second largest pilot leasing business. Rishworth was the last remaining investment in Fund III so concludes that fund.
For additional information, please contact either Nigel Bingham or Rod Gethen.

News
0 King Salmon confirms intention to undertake an IPO

AN INVESTMENT IN NEW ZEALAND’S GROWING AQUACULTURE INDUSTRY
New Zealand King Salmon confirms intention to undertake an IPO

There may soon be an opportunity for Kiwi investors to own a stake in New Zealand’s estimated $180 million salmon industry.

The world’s largest aquaculture producer of King salmon, New Zealand King Salmon Investments Limited, has today (29 August) confirmed its intention to undertake an initial public offering of shares in New Zealand and a listing on the NZX Main Board and ASX. The proceeds of the offer will be used to repay debt, fund future investment and working capital, and to enable investor Direct Capital and some other shareholders to realise some or all of their investment.

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