Macquarie scouts out Aussie investors for NZ village operator

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The Fin Review has revealed Macquarie Capital is lining up potential investors for a non-deal roadshow for Oceania Healthcare starting this Friday.

Oceania is owned by Macquarie’s infrastructure arm MIRA and the paper reports it is exploring options for an initial public offering here, including a listing on the ASX.

Oceania is one of New Zealand’s largest village owner/operators with 49 locations and 25 villages and earned $NZ47 million in the 2015-16 FY, up from $NZ29 million the year before.

The company is looking for capital to fund its brownfield development pipeline of around 1,000 units.

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