Don Wall and PHI, Inc. Acquire HNZ Group Inc.

October 21, 2017

HNZ Group Inc. will be acquired for CAD$18.70 per share by Don Wall (through a Canadian acquisition vehicle), with PHI, Inc. purchasing the Corporation's offshore operations in New Zealand, Australia, the Philippines and Papua New Guinea. The arrangement values HNZ at approximately CAD$242.4 million and is expected to close by the end of January 2018, providing cash liquidity to shareholders and continuity for employees.

Buyers
Don Wall (through a Canadian acquisition company), PHI, Inc.
Targets
HNZ Group Inc.
Sellers
HNZ Group Inc. shareholders
Location
Quebec, Canada
Transaction Type
Buyout

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