Portfolio
Our portfolio is predominantly invested in private New Zealand businesses, alongside investments in publicly listed equities, property, venture capital and cash.
Current Private Investments
Auckland Packaging (APC) designs and manufactures point-of-sale, promotional materials and cardboard packaging.
Under Rangatira, APC has secured 85% share in its key market through focused strategy and investment. The most recent example is a world first 8 channel digital press that reinforces their lead in quality and speed to market.
Investment Date 1999
Shareholding 100%
Investment Type Buyout
Board Member Mark Dossor, Matt Olde
BeGroup provides affordable and modern retirement villages with elegant architectural features and striking landscape design. These residential villages offer a full range of care options, strong ties to the local community and an emphasis on equal and meaningful relationships, where residents decide what retirement living means for them.
BeGroup currently has two villages: The Falls in Whangarei and Rawhiti in Remuera
Investment Date 2021
Shareholding 40%
Investment Type Limited Partnership
Bio-Strategy is a specialist distributor of laboratory instruments and automation technology products for the clinical
Investment Date 2015
Shareholding 70%
Investment Type Owner / Management Co-Investment
Board Members Mark Dossor (Chair), David Gibson
The Fiordland Lobster Company is a Te Anau based, vertically integrated lobster company which conducts operations across both the Quota and Production sector of the lobster industry. For over 30 years it has been dedicated to the sustainable fishing and live export of high-quality Southern Rock Lobster (NZ Crayfish). In 2010 Fiordland Lobster Company expanded its operation into Australia where it operates under the brand South Australian Lobster Company.
Investment Date October 2018
Shareholding 8%
Investment Type Minority Shareholding
Board Member Mark Dossor
Magritek, founded by Sir Paul Callaghan, makes benchtop Nuclear Magnetic Resonance (NMR) solutions, which measure the chemical properties of substances for research and industry
Rangatira is invested alongside management, employees and other shareholders. In 2021, US healthcare technology investor Ampersand Capital acquired a 5% share.
Investment Date 2013
Shareholding 27%
Investment Type Expansion Capital
Board Member Mark Dossor
Mrs Higgins produce a range of high-quality oven-fresh bakery products including soft chewy cookies, ready to bake pre-portioned cookie dough, amazing café slices & slabs, delicious chocolate fudge brownie, Bliss bites Christmas treats.
Rangatira Investments new capital funded the state-of-the-art manufacturing plant that opened in February 2018. The large plant, located in West Auckland, enables Higgins to meet demand for existing products within New Zealand, diversify its product range and expand into the Australasian and Asian markets.
Investment Date 2017
Shareholding 50%
Investment Type Owner / Management Co-Investment
Board Member Richard Wilks, Matt Olde
NZ PASTURES
New Zealand Pastures is a farming and fattening operation based across three farms in the South Island of New Zealand. The company recently progressed the development of 1,800 hectares of forestry on one of the properties.
Investment Date 2008
Shareholding 20%
Investment Type Co-investment
Board Member Mark Dossor
Partners Life delivers a full suite of innovative, competitively priced life and health insurance products to over 100,000 New Zealand families and businesses.
The key people behind the company have many years of experience in the life insurance industry and were previously involved in establishing Sovereign Assurance and Club Life (now OnePath Life).
Investment Date 2011
Shareholding 5%
Investment Type Expansion Capital
Polynesian Spa provides a unique geothermal spa experience on the shores of Lake Rotorua to over 300,000 visitors each year.
Rangatira was a principal investor in Polynesian Spa at its 1972 inception. Our continued support over the years has enabled them to grow into one of Rotorua’s premier attractions, and add numerous new facilities such as retreats, reflexology walks
Investment Date 1972
Shareholding 51%
Investment Type Owner / Management Co-Investment
Board Members Keith Gibson, Mark Dossor
Rainbow’s End entertains nearly 400,000 guests a year at its theme park in Manukau, Auckland.
Rangatira’s investment has allowed for a rejuvenation of the park, including a $2.3m investment in the new Stratosfear ride, and an expansion of its Kidz Kingdom which opened in 2013.
Investment Date 2013
Shareholding 100%
Investment Type Public to Private
Board Members Richard Wilks (Chair), Cathy Quinn ONZM, Matt Olde
Southern Cross Horticulture is a New Zealand kiwifruit orchard developer and manager. Owned by the Dustan family, Southern Cross Horticulture are highly regarded in the kiwifruit sector and invest their own capital alongside external investors in each development.
In 2019, Rangatira invested in Southern Cross' 36 hectare Oaklands development near Waiuku, south west of Auckland.
In 2020, Rangatira invested in an additional SunGold orchard development: 'Eastern Rise', a 114 hectare orchard near Wakatane.
Both partnerships produce the Zespri SunGold variety and have purchased shares in Zespri. Zespri is the grower-owned marketer and exporter of New Zealand kiwifruit that develops and owns the intellectual property of kiwifruit varieties.
Website
Investment Date 2019
Investment Type Limited Partnership
Fund Investments
Icon Ventures is a Silicon Valley venture capital investor with USD$1.1b under management. It invests in high quality Series B & C opportunities backing world-class entrepreneurs alongside top-tier co-investors.
Fund V has invested in 16 companies including MoPub (acquired by twitter in 2014) and Teladoc (listed on the New York Stock Exchange in 2015)
Fund VI has invested in 18 companies that include Opcity (acquired by News Corp in 2018) and Streamlabs (acquired by Logitech in 2019).
Fund VII had its first close in 2021.
Investment Date 2014
Investment Type Venture Capital
Intermede Investment Partners is a London-based investment manager
Since being establish in 2014, the fund has outperformed its benchmark (MSCI All Country World Index) by 4 per cent.
Investment Date 2019
Investment Type: Listed Equity Manager
Movac is New Zealand's leading venture capital manager. It invests in New Zealand companies with the vision, strategy and business model to exceed $100m in revenue.
Fund 3 invested in 6 companies including PowerbyProxi (acquired by Apple in 2017) and Aroa Bosurgery (listed on the ASX in 2020).
In 2020, Rangatira invested in Movac's most recent Fund 5.
Investment Date 2012
Investment Type Venture Capital
Pacific Channel is an early-stage investment and development firm focused on building successful deep-tech ventures from New Zealand. They invest in companies at their earliest stages and actively support them the accelerate growth.
Investment Date 2020
Investment Type Venture Capital
Previous Investments
Contract Resources is a specialised engineering service provider to oil refineries, oil and gas facilities, petrochemical, mineral processing and other industrial plants.
Rangatira acquired a 50% share in Contract Resources in 2004, with the management team (Bill Stretton, Gray Gardiner, Trevor Penny and Andy Wells) holding the other 50%. From 2004 the company grew its core Australian and NZ businesses substantially. It also expanded into new markets in the US, East and South America. Its sales and profits grew and it became one of Rangatira’s largest investments.
Rangatira and management sold CRL to Hellaby Holdings in 2013 due to the substantial increase in value of CRL.Website
Hellers, founded by Todd Heller and Nick Harris in 1993 is now New Zealand's largest producer of bacon, ham and small goods, selling over 28,000 tonnes annually through retail and food service channels.
Rangatira co-invested alongside Todd and Nick by acquiring a 50% shareholding in Hellers in 2003. With Rangatira's investment, Hellers expanded its facility in Kaiapoi, Christchurch, set up a new factory in Wiri, Auckland and made multiple acquisitions to broaden its scope. Hellers now employs 575 people nationwide and is a leading New Zealand brand.
The business performed well over our 16-year partnership. We conducted a successful exit in early 2019 when we sold our share of the business to Adamentem Capital.
"It has been a wonderful and successful
relationship with Rangatira, which has been marked with many milestones -
from our Auckland factory built in 2005
through to a world-class production facility established in Kaiapoi in 2011.
Rangatira was pivotal in our growth,
including acquisitions such as Hutton's Kiwi, Santa Rosa poultry, Gramart sauces
and Walsh's meats."
- Todd Heller