Project Details

Overview

YEAR: 2016

LOCATION: New Zealand

VALUE: NZ$240m

SECTOR: Retirement

ROLE: Independent Financial Advisor

 

 

project description

Divestment of Lendlease's New Zealand retirement living business.

 

Emerge Capital'S Role

Following successfully acting as Lendlease Group’s Buy Side Financial Advisor for the acquisition of the Retirement Alliance Group portfolio, Emerge Capital was approached in November 2014 to conduct an independent review of the opportunity for Lendlease to divest their New Zealand Retirement business. This included a peer review of historical divestment campaigns, an overview of why it was an opportune time to divest and potential divestment strategies. Following this, Emerge Capital was retained by Lendlease to run the divestment of the New Zealand Retirement business, involving managing the full transaction sales process to solicit offers, manage due diligence queries and assist with negotiation of key transaction documentation, resulting in a a successful financial close with the preferred bidder.

 

OUTCOME

The end outcome was a 100% divestment to Blackstone Tactical Opportunities Fund, Singapore, for NZ$240mm.