| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 16 July 2026 |
| Pathway | Significant business assets – Primary consent |
| Investment | Acquisition, by scheme of arrangement, of interests in Jarden Group Limited’s businesses. |
| Consideration | Withheld under s9(2)(b)(ii) the Official Information Act 1982 |
| Applicants | IH2026 Limited (IB HoldCo) and J2026 Limited (JW HoldCo) New Zealand 60% Australia 23% United States of America 5% Various 12% |
| Vendor | Jarden Group Limited New Zealand 91% Australia 9% |
| Background | The Applicants are ultimately owned by Pacific Equity Partners Fund VI, a fund that is managed and advised by Pacific Equity Partners, an Australian equity fund manager. Following implementation of the scheme of arrangement, the Applicants will be owned by Pacific Equity Partners Fund VI and various existing shareholders in the Vendor. The Vendor is the sole shareholder in Jarden Investments Limited (JIL), an investment banking business, and holds, via its wholly owned subsidiary Jarden Wealth and Asset Management Holdings Limited (JWAH), an interest in FirstCape Group Limited (FirstCape), a group of wealth management and asset management companies. This Investment will see IB HoldCo and JW HoldCo acquiring 100% of the shares in JIL and JWAH, respectively. As a result, Pacific Equity Partners Fund VI will increase its existing ownership in FirstCape and obtain an interest in JIL. Consent was granted as the national interest test was met. |
| More information | Michael Gartshore Webb Henderson P O Box 105-426 Auckland |