| Decision | Consent granted Section 13(1)(a) of the Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 17 February 2026 |
| Pathways | Significant business assets National Interest assessment |
| Investment | Acquisition of up to 25% of the shares in AS Colour Holdings Limited (NZCN 6387992) |
| Consideration | Withheld under section 9(2)(b)(ii) |
| Applicant | QSEF-Management Pty Limited on behalf of the Quadrant Strategic Equity Fund Quadrant Strategic Equity Fund is a fund managed by the Applicant and comprised of more than 99% overseas investors. |
| Vendor | Direct Capital Limited New Zealand 100% |
| Background | The Applicant is a majority Australian owned private equity investor. The Applicant is buying a minority stake in New Zealand apparel company AS Colour, which operates in New Zealand and internationally. Consent was granted as the Applicant met the investor test criterion. The Applicant was subject to a national interest assessment as the Applicant is a non-New Zealand Government Investor. The Minister of Finance has decided that the Investment is not contrary to New Zealand’s national interest. |
| More information | James Hawes Simpson Grierson (Auckland) Private Bag 92518 Auckland 1141 |