NEW YORK & AUCKLAND, NEW ZEALAND – November 19, 2024 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced that it has completed its acquisition of Arvida Group Limited (“Arvida” or the “Company”) (NZX: ARV), one of New Zealand’s largest retirement and aged care providers.
“As one of the leading and most well-regarded retirement village operators in New Zealand, we believe Arvida has a bright future ahead and is well positioned to effectively serve the region’s growing aging population as a privately held entity,” said Darren Keogh, Senior Managing Director at Stonepeak. “We are excited to have closed this transaction and look forward to partnering closely with the Arvida team as the company enters this next chapter.”
“Today marks a transformational day for Arvida, and I am optimistic about the opportunities ahead,” said Jeremy Nicoll, Chief Executive at Arvida. “Stonepeak is aligned with our values and commitment to our employees, residents, and community, and we look forward to leveraging their extensive operational expertise as we execute on our strategy and mission of helping New Zealanders live a truly fulfilling life as they age.”
About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $70 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include communications, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, and Abu Dhabi. For more information, please visit www.stonepeak.com.
About Arvida
Arvida is one of New Zealand’s largest aged care providers owning and operating 35 retirement villages located nationally. Each village operates independently under a corporate structure that supports village operations to ensure quality and consistency of service. Arvida provides a range of living and lifestyle options from independent living to full rest home, hospital and dementia-level care.
Arvida’s growth strategy includes the targeted development of new villages in areas that are supported by a strong demographic and economic profile and acquisition of quality villages that meet strict acquisition criteria as well as the development of additional facilities at existing villages.
Website: www.arvida.co.nz
Contacts
Stonepeak
Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225
Jack Gordon
jack.gordon@sodali.com
+61 478 060 362
Arvida
Geoff Senescall, Senescall Akers
senescall@senescallakers.co.nz
+64 21 481 234
