Buddle Findlay is pleased to have acted for Westpac New Zealand in connection with funding the acquisition of the Wet & Forget Group by Direct Capital. Wet & Forget is a leading designer, manufacturer and marketer of outdoor and indoor household cleaning products. The business is well known in the New Zealand market and has a significant and growing footprint in the US, UK and Australia.
The Buddle Findlay team was led by partner Paul Farrugia and included special counsel Paul Appleyard and senior solicitor Seamus Barnett. The Direct Capital team were represented by Cathryn Barber, Liam Scott and Emerald Johnstone, from Chapman Tripp.
“Westpac were delighted to continue our nearly 30-year relationship with Direct Capital in what was a sensational outcome for all. Both Buddle Findlay and Cube Credit were exceptional partners throughout the transaction – a real testament to their quality as trusted advisors to both borrowers and lenders alike" said PJ Cairns, Head of Leveraged Finance at Westpac.
Paul Farrugia commented "We are delighted to have worked with Westpac, Direct Capital, Cube Credit and Chapman Tripp to bring about this exciting new investment which will help a proud New Zealand business to compete and grow on the international stage."
