Applicant
Dai-ichi Life International Holdings LLC
Case number(s)
202200366
Decision date
Type
Decision
Decision

Consent approved
Section 13(1)(a) Overseas Investment Act 2005 

Decision maker Toitū Te Whenua Land Information New Zealand
Decision date 27 October 2022
Pathway(s) Significant business assets only
Investment Acquisition of 100% of the shares in Partners Group Holdings Limited
Consideration $980,000,000
Applicant

Dai-ichi Life International Holdings LLC
Japan (66.304%)
Various (38.696%) 

Vendor

Shareholders in Partners Group Holdings Limited
Singapore (53.81%)
New Zealand (38.15%)
Bermuda (4.28%)
Various (3.76%) 

Background

The Applicant is a Japanese life insurance investor, who is a wholly owned subsidiary of Dai-ichi Life Holdings, Inc. (Dai-ichi). Dai-ichi is a Toyko Stock Exchange listed company, and is one of the largest life insurers in Japan by revenue.

Partners Group Holdings Limited and its subsidiaries comprise a group of companies, operating in the life and health insurance sector.

The Applicant has satisfied the investor test criterion.

More information

John Conlan
MinterEllisonRuddWatts (Wellington)
125 The Terrace
PO Box 2793
Wellington 6140