Direct Capital Private Equity

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 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.