Pohutukawa II Investments

Pohutukawa II Investments

 
Bayleys

Bayley Corporation

Investment Date: 2010
Development Stage: MBO
Ownership interest: Pohutukawa 7.4% | Direct Capital 31%
Sector: Property services & agency
Where: New Zealand
About: Bayleys is a full-service property service company operating nationally from 68 corporate owned and franchise branches. Bayleys has a dominant position in marketing commercial industrial properties, and a leading position in high-value residential, rural and lifestyle property sales. In addition to real estate agency, Bayleys offers other services including: facilities and asset management; valuation; leasing; research and advisory services.



CWH

Cavalier Wool Holdings

Investment Date: 2010
Development Stage: Secondary
Ownership interest: Pohutukawa 6.0% | Direct Capital 30.0%
Sector: Wool scouring
Where: New Zealand
About: Cavalier Wool Holdings (CWH) is one of two wool scouring businesses in New Zealand. Operating from sites in Napier and Timaru, CWH is a commission-only scourer processing greasy wool on behalf of wool exporters and carpet makers, converting it to clean wool (removing grease and contaminants) and pressing and packing it for either local conversion into carpet, or export shipment. As a by-product, wool grease is extracted and exported to global customers who further refine it and convert it to lanolin for use in cosmetic and pharmaceutical end products.

 

 

 


Pfolsen

PF Olsen Group

Investment Date: 2011
Development Stage: Expansion
Ownership interest: Pohutukawa 9.5% | Direct Capital 40.0%
Sector: Forestry services
Where: New Zealand and Australia
About: PF Olsen is Australasia’s largest independent provider of professional forestry services, including forestry management, harvesting management, health and safety compliance, environmental compliance, genetically improved seed and containerised seedling sales, forestry enterprise software,
and advisory and other technical services. PF Olsen manages the harvest of over 3 million tonnes of logs in New Zealand per annum, and manages
over 150,000 stocked hectares in New Zealand as well as over 200,000 hectares of forest and land across Australia. The business subcontracts out physical operations to over 125 contractors, indirectly employing 1,500 across New Zealand.



Hiway

Hiway Group

Investment Date: 2011
Development Stage: Succession buyout
Ownership interest: Pohutukawa 14.3% | Direct Capital 60.0%
Sector: Roading and infrastructure services
Where: New Zealand and Australia
About: Hiway Group is a leading roading and infrastructure services contractor, with operations in both New Zealand and Australia. Hiway Group operates through two main operating companies, Hiway Stabilizers and Hiway Geo Technical deploying a number of specialist technologies including deep soil mixing, soil nailing, aggregate modification, sub-grade stabilisation, fill drying and foamed bitumen recycling. The company also offers a number of environmental contracting services including soil recycling and site remediation.

 

 


George H Investments Logo

George H Investments

Investment Date: 2014 Development Stage: Secondary Ownership interest: Pohutukawa 9.6% | Direct Capital 84% Sector:  Property and share investments Where: New Zealand About: George H Investments was a result of the demerger of Scales Corporation's investment assets in April 2014. The investment assets inlcuded a 10.3% investment in NZX listed Turners & Growers; three industrial parks (Hawkes Bay and Mosgiel); and a section in Christchurch.

 

 

 


Realised investments

Pohutukawa II has realised the following investments to date:

 

Energyworks Holdings

Realised: 2017

Investment Date: 2014

Ownership interest: Pohutukawa 16.7% | Direct Capital 70.0%

Energyworks Logo

 

 

 

 


 

 

Scales Corporation

Realised: 2016

Investment Date: 2011

Ownership interest: Pohutukawa 2.8% | Direct Capital 18.05%

Scales

 


 

Transaction Services Group

Realised: 2015

Investment Date: 2010

Ownership interest: Pohutukawa 11.7% | Direct Capital 48.6%

Debitsuccess

 


 

Scales Corporation Partial Realisation

In July 2014 Pohutukawa II sold down a 6.8% interest in Scales Corporation, at the time of its IPO and NZX listing.  Pohutukawa II retains a 2.8% shareholding in Scales Corporation.