Applicant
Blue Planet Mantis Limited and Blue Planet Special Waste Solutions Pte. Ltd.
Case number(s)
202400622
Decision date
Type
Decision
DecisionConsent granted
Section 13(1)(a) Overseas Investment Act 2005
Decision makerToitū Te Whenua Land Information New Zealand
Decision date15 October 2024
PathwaySignificant business assets
InvestmentAcquisition of 100% of the shares in Smart Environmental Group Limited
ConsiderationWithheld under s9(2)(b)(ii) of the Official Information Act 1982
ApplicantsBlue Planet Mantis Limited and Blue Planet Special Waste Solutions Pte. Ltd.
India 35%
Singapore 27%
North America Region 15%
Malaysia 11%
Japan 5%
Various 7%
VendorsMCAF Smart Nominees Limited, Milford Private Equity II LP, Grahame Christian, ECGF Holdings Limited, Simon Paul Moutter, Moutter Investments Limited, Blair David Watson Griffiths, Brent Norman Murgatroyd, Smart Environmental Trustee Limited, Todd Murdoch McLeay, Benjamin Day
New Zealand 81%
Australia 18%
North American Region 1%
Background

Blue Planet Mantis Limited is ultimately 95% owned by Blue Planet Special Waste Solutions Pte. Ltd.  Blue Planet Special Waste Solutions Pte. Ltd is a subsidiary of Blue Planet Environmental Solutions Pte. Ltd. a Singaporean company whose primary business activities are the treatment and disposal of waste (including remediation activities).

The Target, Smart Environmental Group Limited is a 100% New Zealand owned and operated company which operates a waste collection and processing businesses across the country for municipal, residential and commercial clients.

Blue Planet Mantis Limited has received consent to acquire the Target. Blue Planet Special Waste Solutions Pte. Ltd has also received consent to subsequently increase its interest in Blue Planet Special Waste Solutions (NZ) Limited from 95% to 100%.

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

More informationCharlotte Garland
Mayne Wetherell
PO Box 3797
Shortland Street
Auckland