Our partnerships

We continue to help build and grow business success through a diverse range of investments and transactions.

Amplifi

Prism Group

EISO

Provincial Education

Optic

Creating Kiwi wealth

Amplifi Holdings Limited (“Amplifi”) was established by Ascentro to build New Zealand’s leading independent Investment and Wealth Management Group. Amplifi made its first investment by partnering with the existing management team of Mint Asset Management Limited (“Mint”), including its founder and majority shareholder, Rebecca Thomas. With an exceptionally driven leadership team and Ascentro’s financial services sector expertise, Amplifi is well positioned to expand its product and service offering, increase funds under management and execute on its growth strategy.

Key Facts

  • Initial Investment:
    Nov 2021
  • Sector:
    Financial Services
  • Deal Type:
    Shareholder
    Liquidity /
    Consolidation
  • Status:
    Current

Value Add Summary

  • Development of Amplifi's investment thesis and growth strategy
  • Acquisition of Mint as the cornerstone business for Amplifi
  • Creation of independent wealth advisory business, Sage Wealth Management Limited and recruitment of advisors
  • Appointment of high calibre external Managing Director to lead implementation of growth strategy and de-risk reliance on Mint founder

Protecting the future of NZ business

Ascentro has partnered with the existing management team of ICIB Limited ("ICIB"), an independent insurance broker with long-standing relationships and a unique service philosophy to support the buyout of the company from its founding shareholder and become the cornerstone business of Prism Group Limited (“Prism”). The management buyout (“MBO”) transaction has enabled ICIB to retain its independence, culture, values and employee ownership. With ICIB as its cornerstone business along with the support of growth capital and strategic insight, Prism is well positioned to execute on its organic and acquisition-led growth strategy to become NZ’s leading independent risk management group.

Key Facts

  • Initial Investment:
    Aug 2020
  • Sector:
    Financial Services
  • Deal Type:
    MBO
  • Status:
    Current

Value Add Summary

  • Creation of five year strategic growth plan alongside employee shareholders
  • Recruitment of experienced independent chairman
  • Rebranding of ICIB to better position it with its core values and customers
  • Completed bolt on acquisition of longstanding regional insurance broker based in Nelson and successful integration into ICIB
  • Strengthened senior leadership team with the recruitment of CFO and Director of Broking
  • Establishment of ICIB offices in Blenheim and Hawkes Bay to underpin regional expansion strategy and enhance service offering to viticulture clients

Building smarter environments

Eiso Limited (“Eiso”) was established by Ascentro to hold a number of high-quality essential infrastructure service businesses. Eiso has completed its first platform acquisition by partnering with the founder of The Plant People Group, a market-leading commercial landscaping service provider to New Zealand’s residential and infrastructure sectors and Signature Plants Limited, a commercial nursery business.

Key Facts

  • Initial Investment:
    Sep 2018
  • Sector:
    Infrastructure
    Services
  • Deal Type:
    Succession /
    Consolidation
  • Status:
    Current

Value Add Summary

  • Recruitment of independent industry experienced chairman
  • Development of four year growth strategy with the management team
  • Strengthening of senior management team including the recruitment of a CEO, finance manager, business development manager and H&S/HR officer
  • Implementation of new financial and job management systems
  • Establishment of irrigation offering

Developing young minds

Ascentro was the founding shareholder of Provincial Education Group Limited (“PEGL”) that was formed from an aggregation of 40 early childcare education (“ECE”) businesses in New Zealand. PEGL is focused on creating outstanding learning experiences and developmental outcomes for children, and now comprises more than 70 ECE centres across New Zealand, making it the third largest industry player. In 2021, PEGL was acquired by Busy Bees Childcare Limited, a UK based global ECE provider.

Key Facts

  • Initial Investment:
    Sep 2017
  • Sector:
    Education
  • Deal Type:
    Consolidation
  • Status:
    Exited

Value Add Summary

  • Identified, negotiated and executed the aggregation of 40 ECE centres to form PEGL
  • Arrangement of acquisition debt funding and equity co-investment partner, Waterman Capital
  • Establishment of head office functions, implementation of integration plan and development of strategic growth plan
  • Strengthening of senior leadership team via the recruitment of a CEO, CFO and implementation of regional manager structure
  • Acquisition and integration of a further +30 ECE centres over the investment period

Securing business infrastructure

Ascentro was the co-founding shareholder alongside CEO Jason Cherrington, of Optic Security Group Limited (“Optic”), the leading independent provider of technology-led tailored converged physical and digital security services. Optic is engaged in the design, installation, integration and service of tailored security solutions for corporates, enterprise and government clients across New Zealand and Australia.

Key Facts

  • Initial Investment:
    Nov 2019
  • Sector:
    Business
    Services /
    Technology
  • Deal Type:
    Consolidation
  • Status:
    Current

Value Add Summary

  • Development of Optic investment thesis and growth strategy
  • Identification, negotiation and execution of six physical and digital security entities across New Zealand and Australia to form Optic
  • Arrangement of senior and junior funding to support the Optic transaction
  • Recruitment of senior leadership team, creation of head office functions and implementation of integration plan

If you are keen to hear more about how Ascentro might be an ideal partner for you, contact us here.

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