The business makes around $20 million in earnings before interest, tax, depreciation and amortisation on revenue of circa $60 million.
Already a subscriber?John Wylie’s investment house Tanarra Capital is looking to rule off a second private equity exit before Christmas., the world’s only supplier of pure New Zealand lanolin, to potential buyers, talking up its impressive margins and opportunities for further growth.
Wylie did not respond to requests for comment on Wednesday. There is no certainty that the buyer soundings will result in a sale, the sources said. WoolWorks operates three wool-scouring plants and is the largest wool scourer by volume in the world. It handles 80 per cent of all New Zealand’s wool and plays a critical role on behalf of the country’s famous wool industry.
“The business is well positioned for another private capital firm to level up its growth,” one source told this column., technology investor Accel-KKR acquired Perth-based workplace management software company INX Software, which had been majority-owned by Tanarra since 2019. The deal was said to be worth as much as $150 million.
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