Direct Capital Private Equity

Direct Capital is a private equity firm based in Auckland, established in 1994. Owned and managed by its founding directors, Ross George, Mark Hutton, and Bill Kermode, the firm has grown to include a team of 13 investment professionals with a combined 110 years of experience in private equity. Direct Capital specializes in mid-market investments, focusing on companies in New Zealand and Australia that may not have easy access to the stock market. The firm aims to enhance shareholder wealth in private companies and assists shareholders in unlocking value.

Tony Batterton

Director

Hugh Cotterill

Director

Andrew Frankham

Director and CFO

Ross George

Managing Director

Freddy Greenslade

Associate Director

Chris Hickey

Associate Director

Mark Hutton

Founding Director

Heath Kerr

Director

Gavin Lonergan

Director

Madeline Rogers

Investment Manager

Chris Wills

Investment Director

Jonathan Wong

Investment Director

Hugh Cotterill

Director

31 past transactions

Hiway Group

Acquisition in 2024
Hiway Group provides a diverse array of ground improvement solutions throughout Australasia and the South Pacific, primarily focusing on sustainable soil stabilization and pavement rehabilitation. Catering to government entities, commercial organizations, land developers, and main contractors, the company is noted for its innovative recycling and reuse strategies within the road infrastructure sector. Hiway Group has established a reputation for quality and outstanding service by introducing pioneering solutions and leveraging the expertise of its technical and management teams. Their commitment to improving road safety and resilience is evident through their involvement in significant infrastructure projects that encompass roads, bridges, mass transit, and water systems.

POP

Private Equity Round in 2023
POP is a holding company focused on creating a specialized insurance ecosystem. It provides specialty underwriting services in the Asia-Pacific region, the United Kingdom, Europe, and the United States. The company specializes in warranty and indemnity insurance as well as financial lines of insurance, aiming to digitize and automate processes within the specialty insurance industry. Through its innovative approach, POP is positioned to enhance efficiency and accessibility in the insurance sector.

TR Group

Private Equity Round in 2020
TR Group is a vehicle leasing and rental company based in Penrose, Auckland, specializing in trucks, trailers, buses, and coaches. With a fleet of over 3,000 vehicles, the company offers a range of services including long-term leases, short-term rentals, and the sale of used commercial vehicles and parts. In addition to leasing and rental services, TR Group provides vehicle maintenance, helping clients enhance fleet safety, reduce running costs, and ensure compliance. Through its comprehensive offerings, TR Group aims to deliver effective solutions tailored to meet the needs of its customers in the transportation sector.

Exact Radiology Clinics

Private Equity Round in 2019
Exact Radiology Pty Ltd is an Australian company that operates a network of imaging clinics, primarily based in Chapel Hill, with additional locations in North Ipswich, Sunnybank, Oxley, Springfield Lakes, Inala, Gatton, and Underwood. Founded in 2008, the company specializes in a wide range of medical imaging services, including ultrasound, X-ray, mammography, magnetic resonance imaging, computed tomography scans, radiology, bone density checks, and nuclear medicine. By offering these advanced imaging solutions, Exact Radiology aims to provide patients with clear, accurate, and accessible medical diagnostics across various categories, including women's imaging and dental services.

Beca

Private Equity Round in 2019
Beca is a consultancy firm that specializes in engineering and management services across various sectors, including construction, government and defense, industrial, transport and infrastructure, and water. The company provides a range of services such as airport design and planning, climate change consulting, environmental assessments, fire engineering, and geotechnical services. Beca is dedicated to helping its clients effectively plan and execute their projects, ensuring they meet the demands of a changing environment and infrastructure needs.

Momentum Energy

Venture Round in 2008
Momentum Energy Pty Ltd is an energy retailer based in Melbourne, Australia, specializing in the retail of electricity and natural gas to residential and business customers. Established in 2002, the company operates primarily in Victoria, New South Wales, South Australia, and Queensland. It provides electricity retail services to the Bass Strait Islands, acting on behalf of Hydro Tasmania, which is the largest renewable energy generator in Australia. Momentum Energy is a subsidiary of the Hydro-Electric Corporation, further enhancing its commitment to sustainable energy solutions.

Enprise Solutions

Venture Round in 2006
Enprise Solutions Ltd, a SAP Business One software solution company, develops financial, enterprise resource planning, and customer relationship management software solutions. The company's products include Job Costing, a centralized job management system that enables businesses to prepare quotes for their customers and manage resources, time, staff, and material issuing and purchasing on a job by job basis; Web Timesheet Entry, a solution that facilitates the client's staff to focus on doing their jobs out in the field, rather than entering timesheets in the office; Field Service Pro, a service management solution; Bank Interface, which exports the clients supplier payment runs in various flexible formats for upload to the clients existing desk banking system, as well as imports the clients external bank statements for reconciliation with the general ledger; GL Journal Importer, a solution that offers a tool for importing wage journals, general journals, auto-reversing journals, and business partner journals to SAP Business One. It also provides purchase requisitions, and recurring invoicing and service calls. The company was founded in 2002 and is based in Auckland, New Zealand.

GFG Group

Venture Round in 2005
GFG Group is a global supplier of consumer electronic payments software and card payment solutions. The company provides applications, systems integration, and IT managed services to facilitate secure financial transactions. GFG's offerings include credit card and mobile payment services for online transactions, catering to individuals, merchants, telephone companies, and banks. With a presence in 40 countries, GFG Group supports a wide range of customers in managing their electronic payment needs.

Marvel Packers

Marvel Packers is a manufacturer specializing in frozen french fries and potato products, offering a diverse range of items including french fries and potato chips. In addition to its production capabilities, the company operates cold storage facilities equipped with advanced computer-controlled refrigeration systems for the safe storage of perishable food products in the United States. Through its dual focus on manufacturing and cold storage, Marvel Packers plays a significant role in the food supply chain, ensuring quality and freshness for its customers.

Palliser Estate

Palliser Estate is a food and beverage firm that produces and sells organic wine.

Rodd & Gunn

Rodd & Gunn is an online marketplace for men's clothes, footwear, lifestyle, gifts, and accessories.

Qestral Corporation

Qestral Corporation is a developer and operator of retirement villages based in Christchurch, New Zealand. Founded in 2012, the company specializes in creating resort-style living environments for retirees that include architecturally designed stand-alone houses, serviced apartments, and a range of healthcare options. Its facilities feature extensive recreational amenities, a dedicated dementia facility, and various care units, including rest homes and hospitals. Qestral Corporation aims to enhance the quality of life for elderly residents by providing comfortable and stylish living spaces that promote health and well-being.

Ryman Healthcare

Ryman Healthcare Limited is a company that develops, owns, and operates integrated retirement villages and aged-care facilities in New Zealand and Australia. Established in 1984 and headquartered in Christchurch, the company provides a diverse range of living and care options for the elderly, including independent townhouses, serviced apartments, and comprehensive care services such as rest homes and hospitals. Its facilities are designed to foster community and well-being, featuring amenities such as lounges, swimming pools, gyms, beauty salons, and movie theatres. Ryman Healthcare generates income primarily through aged care fees, management fees from retirement units, development margins from new units, and capital gains from reselling units when residents vacate. The company is dedicated to enhancing the quality of life for its residents while ensuring a supportive environment for aging individuals.

Robinhood

Robinhood manufactures kitchen and laundry appliances, including rangehoods, laundry tub units, and waste disposers.

New Zealand Pharmaceuticals

New Zealand Pharmaceuticals Limited is a manufacturer specializing in pharmaceutical intermediates and diagnostic products for the pharmaceutical and biotechnology sectors. The company produces a diverse range of offerings, including dietary supplements, carbohydrates, microbiological and cell culture media, and various pharmaceutical ingredients such as cholic acid, heparin, and natural taurine. Additionally, it extracts and purifies biochemicals from meat processing by-products, ensuring high-quality production through its in-house laboratories. New Zealand Pharmaceuticals exports its products both domestically and internationally, also providing an online sales platform. Established in 1953 and headquartered in Palmerston North, New Zealand, the company operates as a subsidiary of Industria Chimica Emiliana S.r.l.

Bayleys Realty Group

Bayleys Real Estate Limited is a real estate agency based in Auckland, New Zealand, that specializes in the marketing and sale of various property types. Its offerings include residential real estate, farms, lifestyle blocks, and commercial and industrial properties. The company also engages in the sale of tourism and leisure assets, such as hotels and motels, along with a diverse range of businesses. Established in 1973, Bayleys operates under the umbrella of Bayleys Realty Group Limited, providing comprehensive services to meet the needs of its clients in the real estate market.

Fusion Specialty

Fusion Specialty is an insurance industry.

Bayleys Realty Group

Bayleys Real Estate Limited is a real estate agency based in Auckland, New Zealand, that specializes in the marketing and sale of various property types. Its offerings include residential real estate, farms, lifestyle blocks, and commercial and industrial properties. The company also engages in the sale of tourism and leisure assets, such as hotels and motels, along with a diverse range of businesses. Established in 1973, Bayleys operates under the umbrella of Bayleys Realty Group Limited, providing comprehensive services to meet the needs of its clients in the real estate market.

Max Fashions

Max Fashions Limited is a fashion retailer based in Auckland, New Zealand, specializing in women's apparel and accessories. Founded in 1986, the company provides a diverse range of products including dresses, tunics, tops, knitwear, jackets, pants, skirts, and footwear. In addition to its physical retail locations, Max Fashions also offers its merchandise through an online platform, making its products accessible to a wider audience. The company is recognized for its commitment to creating timeless, high-quality clothing and lifestyle products for women. Max Fashions operates as a subsidiary of Barkers Clothing Limited.

Go Bus

Go Bus Limited is a transportation company based in Hamilton, New Zealand, established in 2003. It specializes in providing a wide range of coach and bus services, including urban public transport, school bus services, and charter bus hire. The company caters to various needs, offering mobility services for rest homes, special events, school trips, sports excursions, cultural exchanges, work functions, and airport transfers. Additionally, Go Bus provides special needs transport services and has a selection of fully seated vehicles available for different passenger capacities. The company also engages in the sale of bus vehicles. As of 2020, Go Bus operates as a subsidiary of AATS Group.

Blue Star

Blue Star provides marketing and multi-channel communication solutions.

Energyworks

EnergyWorks Limited is a New Plymouth-based company that specializes in construction and project management services across the oil and gas, power generation, petrochemical, and food industries. Founded in 1972 and originally known as Inglewood Engineering Limited until its rebranding in 2005, the company provides a range of services, including project planning, procurement, cost control, mechanical maintenance, and industrial coatings. EnergyWorks constructs wellhead piping, gathering pipelines, and production facilities, and is actively involved in pipeline construction and maintenance for oil and gas operations. In the power sector, it partners with major companies, offering mechanical support and services for power stations and hydroelectric facilities. Additionally, EnergyWorks manufactures and installs high-pressure equipment for applications in dairy and food manufacturing, delivering comprehensive solutions tailored to meet the specific needs of its diverse clientele.

Scales Corp Lt

Scales Corporation is an agriculture company. They offer logistics services, grow apples, export products, provide insurance services to companies within the group, and operate logistics facilities. Their company processes and markets food ingredients like pet food ingredients and juice concentrate.

Express Logistics Group

Express Logistics Group is a logistics company that specializes in supply chain management. It offers a range of services, including freight forwarding, customs brokerage, trade consulting, domestic forwarding, and warehouse and distribution services.

Perpetual Guardian

Perpetual Guardian is a New Zealand-based trust company with over 130 years of experience in providing estate planning services. The company specializes in acting as a trustee for individuals, estates, and companies, facilitating the planning, establishment, and administration of wills, trusts, and enduring powers of attorney. By offering these services, Perpetual Guardian assists families in managing their estates and achieving their financial objectives during times of grief. Its long-standing presence in the industry reflects a commitment to caring for the financial well-being of New Zealanders.

Active Refrigeration

Active Refrigeration specializes in the usage of sustainable industrial and commercial refrigeration system solutions.

Wet & Forget

Wet & Forget is a supplier of household cleaners and industrial cleaners.

Caci

Caci provides skin treatments, laser hair removal, cosmetic injectables, pigmented lesion, and anti-aging products.

Woolworks

Woolworks is a supply and distribution company that specializes in the sourcing of wool and related services.
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