| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 31 July 2026 |
| Pathway | Significant business assets - Primary consent |
| Investment | Acquisition of indirect interests in the New Zealand business assets of ETHC Group Limited |
| Consideration | Withheld under s9(2)(b)(ii) the Official Information Act 1982 |
| Applicant | PEF Pass AI, C.V. The Netherlands 100% |
| Vendor | TECA SF Pte. Ltd Asia 47% North America 43% United Kingdom 5% New Zealand 5% |
| Background | The Applicant is a wholly owned subsidiary of Stichting Pensioenfonds ABP, a Dutch pension fund. It is acquiring up to 100% of the limited partnership interests in TPG Lorien Co-Invest, L.P., a special purpose vehicle that is controlled by an affiliate of global private equity firm TPG. TPG Lorien Co-Invest, L.P. will indirectly hold up to 50% of the shares in New Zealand healthcare business ETHC Group Limited. Consent was granted as the national interest test was met. |
| More information | David Raudkivi Russell McVeagh (Auckland) PO Box 8 Auckland 1140 |