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INVESTOR
INFORMATION

Shareholder Updates And REPORTS

PRIVATE AND CONFIDENTIAL FOR CLIENT INVESTORS ONLY
Not for distribution without prior written consent from the Manager

  • Kowhai No.1 Annual Report + Financial Statements 31 March 2022

INVESTMENTS

PRIVATE AND CONFIDENTIAL FOR CLIENT INVESTORS ONLY
Not for distribution without prior written consent from the Manager


Investment Date:  March 2017

Development Stage: Expansion

Ownership interest: PCP III 39.4%

Sector: Horticulture (producer and distributor)

Where: New Zealand 

About: Rockit is headquartered in Hawke's Bay, New Zealand, and holds an exclusive global licence to directly and/or, via sub-licence, produce and distribute the Rockit apple variety. The Rockit variety ("PremA96") attracts a higher margin than other apple varieties given the convenience it offers for consumers as a result of its naturally small size, high density, sweetness, and prolonged shelf life. Rockit is the world's first specially bred miniature 'high quality' apple, positioned as a health snack.  Rockit is changing the way 'apples' are branded, marketed and distributed. 

Links to:

www.rockitapple.com

Rockit Overview

Rockit media release March 2017

         

Investment Date:  July 2018

 Development Stage: Expansion

 Ownership interest: PCP III 40%

  Sector: Food manufacture

 Where: New Zealand 

About: Tom and Luke Holdings Limited (T&L) is a Wellington-based manufacturer of wholefood fruit & nut snacking products under the ‘Tom & Luke’ brand. T&L challenges mainstream food brands with natural and healthy alternatives, giving customers a genuine retail edge and consumers a tasty, nutritious, wholefood snack. T&L has grown to become Australasia’s leading manufacturer of wholefood fruit & nut balls (both on volume and value).

Link to:

www.tomandluke.com 

Tom & Luke Overview

Investment Date:  July 2018

Development Stage: Expansion

Ownership interest: PCP III 75%

Sector: Health Services

Where: New Zealand 

About:  Molemap is an Auckland headquartered melanoma surveillance service provider with 56 clinics across Australia and New Zealand.

Founded by group of NZ dermatologists whose ambition was to save lives by better enabling the detection of melanoma at an early stage, Molemap employs teledermatology where Melanographers (trained nurses) photograph the whole body and send images to dermatologists. The images are archived for future comparison to aid in observing change and diagnosis of moles and other suspicious lesions. Molemap currently sees 37,000 patients per annum.

Link to:

www.molemap.co.nz

Molemap Overview

Investment Date:  August 2018

Development Stage: Expansion

Ownership interest: PCP III 60.9%

Sector: Food manufacture

Where: New Zealand 

About:  SmartFoods Ltd was founded in 2003 by Justin Hall and is headquartered in Auckland. Smartfoods is a manufacturer and distributor of breakfast (mostly muesli) products in New Zealand, Australia, Taiwan, China and other parts of Asia.

Link to:

www.smartfoods.co.nz

Smartfoods Overview

Investment Date:  October 2018

Development Stage: Expansion

Ownership interest: PCP III 91%

Sector: Tourism-Accommodation

Where: New Zealand 

About: The Rees Management Limited (The Rees) is a tourism accommodation and concierge business based in Queenstown, NZ. The Rees has the exclusive long-term rights to manage the 5-star boutique Rees Hotel in Queenstown (Rees Queenstown) and owns the ‘core’ of the hotel (comprising reception, dining, office space) and rights and trademarks associated with “The Rees” brand and name. The Rees Queenstown offers 60 Hotel Rooms, 90 Apartments and 5 Lakeside Residences, all operated by The Rees.

Link to:

www.therees.co.nz

The Rees Overview

Investment Date:  November 2018

Development Stage: Expansion

Ownership interest: PCP III 40%

Sector: Consumer Finance

Where: NZ, UK, Australia

About: LAYBUY is a buy now, pay later service that enables consumers to receive their purchases at the point of sale (online and offline) and spread all or some of the cost over 6 weekly payments. The benefit for retailers is capturing increased sales with less discounting and for consumer’s being able to get their goods or services at no additional cost.

Link to:

www.laybuy.com/nz

LAYBUY overview

Investment Date:  November 2019

Development Stage: Expansion

Ownership interest: PCP III 34%

Sector:  Billing and customer
management solutions

Where: NZ, Australia, US, UAE

 

About: Tally Group ("Tally" - prev. Agility CIS)  provides cloud-based software solutions to utilities. Tally Group’s software is mission-critical, serving innovative electricity and gas utilities in New Zealand, Australia, Japan, the Middle East and United States.

Link to:

www.agilitycis.com 

Agility CIS overview

Investment Date:  August 2020

Development Stage: Expansion

Ownership interest: PCP III 51.2%

Sector: Tourism

Where: NZ, Australia, UK, EU, USA

About: Magic Memories serves as an outsourced provider of photographic and guest management solutions to tourist attraction owners of large volume visitor attractions, with installations in around 160 sites in eight countries Established in 1995 in New Zealand, Magic Memories has expanded operations into Australia in 2006, the UK and Europe in 2009 and the US in 2012 (initially in 2012, and then further in 2016 with the SharpShooter acquisition).

Link to:

www.magicmemories.com 

Magic Memories Investment Overview

Company Documents

Kowhai LPA 9 March 2017

Kowhai Private Equity LP Certificate of Registration

LIMITED PARTNERSHIP DOCUMENTS

PRIVATE AND CONFIDENTIAL FOR CLIENT INVESTORS ONLY

NOT FOR DISTRIBUTION WITHOUT PRIOR WRITTEN CONSENT FROM THE MANAGER

Kowhai PE No 1 LP investor notification of change of nominee structure signed 12 August 2024

CURRENT MARKET PRICE

Shares in Kowhai Private Equity No.1 LP

The initial public offering for shares in Kowhai closed on 3 March 2017 with shares allotted on 6 March 2017.

The subscription commitment was $1 with 3 cents per share paid on application.  

Kowhai shares are paid to 94.5cps.

For the current net asset value please see the link below. 

PRICE & NET ASSET HISTORY

View the Kowhai Price and NAV history

Distribution Summary

Please view the distribution summary here

INVESTMENTS


PRIVATE AND CONFIDENTIAL FOR CLIENT INVESTORS ONLY
Not for distribution without prior written consent from the Manager

Investment Date:  October 2021

Development Stage: Expansion

Ownership interest:  34.8%, including co-investment 69.6%

Sector: Agricultural Services

Where: NZ based

About: 

Bluelab is a manufacturer andsupplier of pH, electrical connectivity/nutrientand moisture meters to the controlled environment agriculture  market. 

 

Investment Date:  December 2021

Development Stage: Expansion

Ownership interest:  31.4%, including co-investment 66%

Sector: Medical Technology                      

Where: New Zealand and Malaysia 

About: Fertility Associates is a leading provider of assisted reproductive technology.

Investment Date:  December 2021

Development Stage: Expansion

Ownership interest:  75%

Sector: Food Manufacture 

Where: NZ based

About: Raglan Food is New Zealand’s largest plant-based yoghurt manufacturer. 

Investment Date:  December 2021

Development Stage: Expansion

Ownership interest:  60%

Sector: Digital User Experience                      

Where: Global

About: Optimal Workshop is a SaaS company that  provides digital tools that help organisations understand users’ behaviour and make data-driven product development decisions for better user experiences. 

Investment Date:  May 2022

Development Stage: Expansion

Ownership interest:  88.3%

Sector: Premium Coffee 

Where: NZ/Global 

About: A premium speciality coffee company headquartered in Wellington with foreign operations in Australia and Japan. 

Offer DocumentS And Company DocumentS


PRIVATE AND CONFIDENTIAL FOR CLIENT INVESTORS ONLY
Not for distribution without prior written consent from the Manager

Offer Documents

A_Kowhai Private Equity IV LP Offer Memorandum Part A  Final 9 February 2021

A_PCP IV Presentation Part B February 2021_Final

Company Documents

Kowhai LPA 9 March 2017

Kowhai Private Equity LP Certificate of Registration

LIMITED PARTNERSHIP DOCUMENTS

PRIVATE AND CONFIDENTIAL FOR CLIENT INVESTORS ONLY

NOT FOR DISTRIBUTION WITHOUT PRIOR WRITTEN CONSENT FROM THE MANAGER

Kowhai PE No IV LP investor notification of change of nominee structure signed 12 August 2024

CURRENT MARKET PRICE

Shares in Kowhai Private Equity IV LP

The initial public offering for shares in Kowhai IV closed 26 February 2021 with shares allotted 1 March 2021.

The subscription commitment was $1 with 1 cent per share paid on application.  

Kowhai IV shares are paid to 69 cps.

For the current net asset value please see the link below. 

PRICE & NET ASSET HISTORY

View the Kowhai IV Price and NAV history

Distribution Summary

Kowhai IV has not yet made a distribution