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

 

 

APC Innovate

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, Matt Olde

 

 

BeGroup

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

Website

Investment Date  2021

Shareholding  40%

Investment Type  Limited Partnership

 

 

Bio-Strategy

 

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), David Gibson

 

 

FLC

 

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.

Website

Investment Date October 2018

Shareholding  8%

Investment Type  Minority Shareholding

Board Member Mark Dossor

 

 

Magritek

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. 

Website

Investment Date  2013

Shareholding  27%

Investment Type  Expansion Capital

Board Member   Mark Dossor

 

 

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 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.

Website

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

 

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%

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), Cathy Quinn ONZM, Matt Olde

 

 

Southern Cross Horticulture

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

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.

Website

Investment Date  2014

Investment Type  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 fund is led by Portfolio Manager & CEO Barry Darghan and a team of five analysts.

Since being establish in 2014, the fund has outperformed its benchmark (MSCI All  Country World Index) by 4 per cent. 

Website

Investment Date  2019

Investment Type:  Listed Equity Manager

  

 

 

Movac

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.

Website

Investment Date  2012

Investment Type  Venture Capital

  

 

Pacific Channel

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.

Website

Investment Date  2020

Investment Type  Venture Capital

Previous 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, 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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