Global investment firm Carlyle and Australian private credit manager amicaa have announced a NZ$140 million debt financing package for New Zealand’s independent fuel retailer NPD. This finance will facilitate the management buyout led by current CEO Barry Sheridan, a long-time 10% shareholder who has been with the family-run business for 30 years. Founded in 1969 by the Milne Family, NPD operates a network of 109 sites and offers fuel cards along with a fuel transportation fleet. The funding, arranged by Carlyle’s Global Credit business and amicaa, will support the company’s independence, refinance existing debt, and drive growth initiatives. The loan also includes sustainability-linked incentives to meet Scope 3 emissions targets.
Private Equity, Retail Fuel Industry, Financial Services,New Zealand, Australia
https://www.carlyle.com/media-room/news-release-archive/carlyle-and-amicaa-provide-nz140-million-debt-financing-management