RMB Capital Partners Invests to Support Expansion

RMB Capital Partners Invests in NDA Group to Support Further International Expansion

Private equity group RMB Capital Partners has today announced an investment in New Zealand based NDA Group.

RMB Capital Partners, a mid-market private equity investor, will support NDA as the business expands from its market leading position in New Zealand’s stainless steel fabrication industry and continues to grow its international operations.

RMB partner Nick Batchelor described NDA as a unique investment opportunity in New Zealand. “NDA has operated in New Zealand for over 100 years; it’s an icon in the local manufacturing industry. NDA’s leadership in its home market, along with significant operations in China, represent a compelling platform to compete internationally on price and quality.”

Since 1998, NDA Group has been owned by its senior management team led by Managing Director, Gary Mollard. Mr Mollard said “We are delighted to have RMB Capital Partners join us as a major shareholder. The business is poised for significant expansion on the back of our investment in China, and we have searched extensively for a suitable partner to support the business as it grows.”

NDA Group chief executive officer, Rob Alloway, noted that NDA’s management team and directors will hold a 40% shareholding in the business alongside RMB. “The NDA Group has grown from humble beginnings to become Asia Pacific’s premier stainless steel fabricator. RMB has now joined the management team shareholders to support further growth into markets such as the United States and Europe.”

About NDA Group
NDA is a private New Zealand company established in 1894. Today it employs around 500 people across five manufacturing centres in New Zealand, Australia and China, with annual revenues of around $100 million. The company fabricates high quality stainless steel equipment, specialising in the dairy, wine, chemical and pharmaceutical sectors. Through its division, Dairy Technology Services (DTS), the company provides products and on farm support services to the dairy sector.

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About RMB Capital Partners

RMB Capital Partners is a mid-market private equity investor with a mandate to invest between $50 and $100 million a year in Australian and New Zealand businesses.

RMB Capital Partners is independently managed by its partners but has the financial backing of FirstRand Group, one of the southern hemisphere’s largest financial institutions with assets of over $100 billion. The firm commenced operations in 1998 and has an enviable track-record in mid-market leveraged buyouts, having completed 18 investments and assisted these companies in making over 30 further bolt-on acquisitions.

Recent successful divestments by RMB Capital Partners include the ASX listing of Hastie Group, the sale of Bullivants to Wesfarmers, the sale of a shareholding in Bluestone Group to ABN AMRO, and the sale of Concrete Technologies to Alesco.

ENDS