Portfolio


Our portfolio is invested across a number of asset classes at any point in time. While our predominant asset class is private businesses, we also hold listed equities, property and cash. 

Our current asset allocation is illustrated here.

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.

Website

Investment Date  1999

Shareholding  100%

Investment Type  Buyout

Board Member  Mark Dossor

 

 

 

Bio-Strategy is a specialist distributor of laboratory instruments and automation technology products for the clinical diagnostic, life science and applied sectors. Their highly trained staff provide a range of sales and support for customers in laboratories, academia, hospitals and industry.

Website

Investment Date  2015

Shareholding  70%

Investment Type  Owner / Management Co-Investment

Board Members  Mark Dossor (Chair)

  

 

Rainbows End

New Zealand Pastures is a farming and fattening operation based on 23,500ha of land in the South Island. The company has invested in irrigation and shifted to value-added produce as part of a move towards an owner-operator mode.

Website

Investment Date  2008

Shareholding  8%

Investment Type 

Board Member  Keith Gibson

 

 

Rainbows End

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's initial investment was 12%, to which it added an additional 6% stake in September 2014 and a further 7% in May 2019 bringing the total shareholding to 25%. 

Website

Investment Date  2013

Shareholding  25%

Investment Type  Expansion Capital

Board Member   Mark Dossor, Sam Knowles

 

 

Mrs Higgins

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 and 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 Mrs Higgins to meet demand for existing products within New Zealand, diversify its product range and expand into the Australasian and Asian markets.

Website

Investment Date  2017

Shareholding  50%

Investment Type  Owner / Management Co-Investment

Board Member  Richard Wilks, Mark Dossor, Chris Bradshaw

 

 

 

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).

Website

Investment Date  2011

Shareholding  5%

Investment Type  Expansion Capital

 

 

Polynesian Spa

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 and plunge pools.

Website

Investment Date  1972

Shareholding  51.3%

Investment Type  Owner / Management Co-Investment

Board Members  Keith Gibson, Mark Dossor

 

 

Rainbows End

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.

Website

Investment Date  2013

Shareholding  100%

Investment Type  Public to Private

Board Members  Richard Wilks (Chair), Sophie Haslem

  

 

Rainbows End

Southern Cross Horticulture – Oaklands Partnership

Rangatira has secured an interest in a kiwifruit orchard development managed by Southern Cross Horticulture. The Oaklands Partnership orchard is located in Waiuku (South west of Auckland) and will produce the Zespri SunGold variety. The first crop is expected in 2022.

Website

Investment Date  2019

Shareholding: 29%

Investment Type:   Limited Partnership

  

Fund Investments

 

Icon

Icon Ventures is a specialty Silicon Valley venture capital manager, focused on series B & C investments.

Fund V has invested in over 95% of the committed capital in 17 companies that include Area 1 Security, Cloud Physics, Delphix, Exabeam, Ionic Security and Tune Inc Fund V and has made distributions equivalent to 40% of contributed capital to date with distributions of Twitter and Teladoc shares.

Fund VI has invested over 50% of the committed capital in nine companies that include Alation, Button, Datrium, Hound Labs, Quizlet, Rylo, Streamlabs and timescale.

Website

Investment Date  2014

Investment Type: Managed Fund  Venture Capital

 

Intermede

Intermede Investment Partners is a London-based investment manager specialising in global listed shares.  Its fund invests in a relatively concentrated portfolio of around 40 high-growth / high-return ("best in class") stocks.

The firm was established in 2014 by CEO Barry Darghan and three analysts.  Since then, its annualised outperformance has totalled over 3% pa over the MSCI All Country World Index, performance consistent with that achieved by Barry Dargan in previous portfolio management roles.

Rangatira invested in Intermede in March 2019.

Website

Investment Date  2019

Investment Type:  Managed Funds Venture Capital

  

 

Rainbows End

Movac is New Zealand's leading venture capital manager. It invests in New Zealand companies with a proven product or service and potential to scale to $100m+ revenue.

Movac Fund 3's standout investment was PowerByProxi, a successful wireless charging technology and solutions business born out of University of Auckland.  The Fund has since sold its interests and distributed proceeds to investors.

Other companies in Fund 3 include 1Above, Auro Biosurgery, Author-it and Modular

Website

Investment Date  2012

Investment Type:   Managed Funds Venture Capital

Recent Investments

 

Rainbows End

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, Middle 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

 

 

 

Rainbows End

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.

Website

"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

 
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