| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 17 March 2025 |
| Pathway | Significant business assets |
| Investment | Acquisition of 100% of the shares in CIP Holdings Limited |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Crown HoldCo Limited New Zealand 50% United States 28% Various 22% |
| Vendor | CIP Holdings Limited New Zealand 100% |
| Background | The Applicant is ultimately owned by TA Associates, a global private equity firm. TA Associates already has wealth management business operations in New Zealand. CIP Holdings Limited acts as a holding company for its wholly owned subsidiary, Craigs Investment Partners Limited, a New Zealand private wealth investment advisory firm. Following the transaction the existing shareholders will retain a 50% interest with TA Associates beneficially holding the remaining 50% interest. This application was subject to a national interest assessment because the Applicant is considered a non-New Zealand Government investor. The Minister of Finance has decided that the Investment is not contrary to New Zealand’s national interest. Consent was granted as the Applicant has met the investor test criterion. |
| More information | Tim Tubman Chapman Tripp (Auckland) PO Box 2206 AUCKLAND 1140 |