Chapman Tripp has advised private equity firm Waterman Capital in its investment in home food delivery provider My Food Bag announced this week. My Food Bag currently provides more than a million meals to New Zealanders every month.
The team comprised Chapman Tripp partner John Strowger and senior associate Joshua Pringle.
“We are delighted to have acted for Waterman on this transaction, having recently represented Waterman in connection with the sales of Manukau Health and Academic Colleges Group,” Pringle said.
The sale of Academic Colleges Group won the 2016 New Zealand Private Equity and Venture Capital Association (NZVCA) Deal of the Year Award last night (20 October). The award recognises outstanding performance in the private equity industry, with entries judged on return to investors and the company’s financial performance. It was announced at the NZVCA 2016 annual conference in Queenstown.'
Waterman was established in 2004 to provide long-term capital to New Zealand businesses such as My Food Bag.