| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 20 March 2026 |
| Pathway | Significant business assets only |
| Investment | Acquisition of 100% of the interests in ETHC Group Limited which will give it ownership of Tamaki Health Group |
| Consideration | Withheld under s9(2)(b)(ii) the Official Information Act 1982 |
| Applicant | TECA Lorien NZ BidCo Private Limited Asia 47% North America 43% United Kingdom 5% New Zealand 5% |
| Vendor | Tamaki Health Group Limited New Zealand 72% North America 20% Australia 7% Various 1% |
| Background | TECA Lorien NZ BidCo Private Limited is indirectly owned by an investment fund controlled by American global private equity firm TPG (formerly Texas Pacific Group) which is publicly listed on the NASDAQ stock exchange. TECA Lorien NZ BidCo Private Limited is buying ETHC Group Limited which operates Tamaki Health Group, a large primary healthcare business providing primary, urgent and community healthcare services concentrated in Auckland. Tamaki Health Group consists of 51 general practice and urgent care clinics in Auckland (41 clinics), Christchurch (8), Whangarei (1), and Palmerston North (1). The Applicant was subject to a national interest assessment as the Applicant is a non-New Zealand government investor. Consent was granted as the Applicant met the investor test criterion and the Minister of Finance has decided that the investment is not contrary to New Zealand’s national interest. |
| More information | Tom Jemson Chapman Tripp (Wellington) PO Box 993 Wellington 6140 |