Russell McVeagh advises on mid-market buyout deal
Russell McVeagh has acted for global private equity firm The Riverside Company on all aspects of its majority investment in Hiway Group. Hiway Group is a market-leading provider of road construction and maintenance, geotechnical and environmental services in New Zealand and Australia.
The Russell McVeagh team worked closely with Riverside partners Steven Spiteri and Nick Speer who ran the deal. The transaction was led by M&A partner Ben Paterson. Speaking about the deal, Mr Paterson said, "It was a real privilege to work closely with the Riverside team again on such an interesting and pivotal transaction, particularly given the broader infrastructure challenges that New Zealand is facing."
The deal follows Riverside's successful exit from Simcro, its first investment in New Zealand, which Russell McVeagh also advised Riverside on.