Rangatira Investments - Company Overview 2021-2022 - Flipbook - Page 29
UNDERSTANDING THE GROWTH STORY
COOPERATING FOR A COMMON GOAL
Rangatira invested in expansion capital, governance, and strategic
The sales of the business was sparked by the founding shareholders.
support in 2004. That enabled the company to expand its Australia
Rangatira’s support and investment was crucial to attracting a wider
operations, and later to expand into the United States and Middle
and higher value range of bidders. As an established private equity
investor, we helped expedite the transaction process and provided
The firm had grown from an Australasian oil and gas services specialist
to fully integrated industrial services with multinational operations.
confidence to bidders about the investment quality of the business, all
resulting in a higher value for the company.
Contract Resources revenue grew over 6x to $140m in 2013. Prior to
Through our combined efforts, Contract Resources sold of a $116m
the sale EBITDA had been growing at 22%per annum.
enterprise value to NZX-listed Hellaby Holdings, with Rangatira
receiving a 6x return on investment.
LOCATION OF CONTRACT RESOURCES OPERATION AT THE TIME OF SALE