| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision Date | 5 December 2017 |
| Investment | An overseas investment in significant business assets, being the Applicant's acquisition of 100% shares in OfficeMax Holdings Limited, the value of the assets of OfficeMax Holdings Limited and its 25% or more subsidiaries being greater than $100 million. |
| Asset Value | $242,332,000 |
| Applicant | Project Inkquill II Pty Ltd North American Public (36.177%) European Public (14.043%) Netherlands Public (11.904%) Asian Public (10.695%) Platinum Quill Principals International (Cayman) LLC, Various (7.0%) Saudia Arabian Public (6.789%) Switzerland Public (6.603%) Middle Eastern Public (4.371%) South American Public (2.418%) |
| Vendor | OM Luxembourg Holdings S.a.r.l United States Public (97.42%) Various overseas persons (2.15%) Canadian Public (0.43%) |
| Background | The proposed Investment is part of an international takeover transaction. The Applicant is wholly owned by widely held investment funds controlled by Platinum Equity LLC. The Applicant has satisfied the OIO that the individuals who will control the investment have the relevant business experience and acumen and are of good character. The Applicant has also demonstrated financial commitment to the investment. |
| More information | James M Gibson Bell Gully PO Box 4199 Auckland 1140 |