Waka BidCo Limited
Case number(s)
Decision date
DecisionConsent granted
Section 13(1)(a) Overseas Investment Act 2005
Decision makerToitū Te Whenua Land Information New Zealand
Decision date4 April 2024
Pathway(s)Significant business assets
InvestmentAcquisition of 100% of the shares in Equipment, Leasing & Finance Holdings Ltd
Asset valueWithheld under section 9(2)(b)(ii) of the Official Information Act 1982
ApplicantWaka BidCo Limited 
Australia 50%
Channel Islands 20% 
Cayman Islands 10%
Luxembourg 6%
United States of America 5%
Various 9%
VendorELF 2016 Ltd Partnership
New Zealand 62%
Australia 36%
Various 2%

Milford Private Equity II LP
New Zealand 100%

TEA Custodians (Milford) Ltd
New Zealand 99%
Various 1%

Equipment, Leasing & Finance Trustee Ltd
New Zealand 100%

Speirs Investments Limited Partnership
New Zealand 99%
Various 1%

The Investment Holding Group Limited
New Zealand 100%

Waka BidCo Limited is a New Zealand limited liability company recently incorporated for the purpose of this investment. The Applicant is part of a private equity group Anchorage Capital Partners, which is ultimately owned by multiple investment vehicles and family trusts.

Equipment, Leasing & Finance Holdings Limited, is a New Zealand limited liability company that acts as a holding company for ELF Group. ELF Group provides industrial equipment for construction, forestry and other commercial activities, along with finances solutions for businesses.

Consent was granted as the Applicant has met the investor test criterion.

More informationAshton Goatley
Webb Henderson
P O Box 105-426