Carlyle and amicaa Provide NZ$140M Debt Financing for Management Buyout of NPD
May 21, 2024
Funds managed by Carlyle's Global Credit business and Australian private credit manager amicaa will provide a NZ$140 million debt package to support a management buyout of New Zealand fuel retailer NPD. The financing enables CEO Barry Sheridan and the management team to acquire 100% of the 55-year-old, family-owned business (109 sites nationwide), refinance existing debt, fund growth and includes sustainability-linked incentives tied to Scope 3 emissions targets.
- Buyers
- Barry Sheridan-led management team (management buyout), Funds managed by Carlyle's Global Credit business, amicaa
- Targets
- NPD
- Sellers
- Milne Family
- Industry
- Energy
- Location
- New Zealand
- Transaction Type
- Buyout
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