Buddle Findlay advised Rangatira Investments on its acquisition earlier this month of 50% of New Zealand cookie and slice manufacturer Mrs Higgins for an undisclosed sum.
Buddle Findlay lead partner Steve Nightingale said "We were delighted to help Rangatira make another investment in a successful New Zealand business." The new capital from Rangatira will enable Mrs Higgins to fund a state-of-the-art manufacturing plant in West Auckland.
Mrs Higgins' current owners retain 50% of the business.
Rangatira Investments has been investing in New Zealand businesses since 1937. Its focus is on growing middle-market New Zealand businesses into iconic businesses. Current investments include Hellers, Polynesian Spa, Rainbow’s End and Bio-Strategy.
Steve was assisted by senior associate Rupert Rouch, tax partner Tony Wilkinson and other specialists.
