| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 28 May 2025 |
| Pathway | Significant business assets only |
| Investment | Acquisition of 100% of the shares in Tourplan Holdings Limited |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Orca New Bidco Limited United States of America 40% Singapore 6% Hong Kong 5% Various 49% |
| Vendor | PPT Trustee Company Limited as trustee of the PPT Family Trust, John Michael Snelling, and Craig Peter Gray New Zealand 100% |
| Background | The Applicant is a United Kingdom limited liability company ultimately owned by funds managed by Insight Venture Management LLC, a United States based investment management group that invests in high-growth technology, software and internet startup companies. The Applicant is acquiring 100% of the ordinary shares in Tourplan Holdings Limited, a Christchurch-based company that provides specialist software designed to assist tour operators. The Vendors are retaining an interest in Tourplan through their partial indirect ownership of the Applicant. Consent was granted as the Applicant met the investor test criterion. |
| More information | Glenn Shewan Bell Gully (Auckland) PO Box 4199 AUCKLAND 1140 |